A May 18 article published in Athletic Management reported on much of the ground covered in the May 12, 2009 meeting of the Knight Commission on Intercollegiate Athletics. The article led with a discussion of the current economic recession and that runaway costs prior to the recession had a similar affect on the current concerns…
The financial crisis in college sports isn’t attributable only to the ongoing recession, but also to declining athletics revenues unable to keep up with a runaway train of spending. That’s what members of the Knight Commission on Intercollegiate Athletics heard from scholars and experts on higher education and intercollegiate sports.
From the NCAA News: Members of the Knight Commission on Intercollegiate Athletics called for NCAA presidents and chancellors to take “collective action” to moderate rates in the growth of athletics spending that have outpaced those in higher education overall (for full article, link here) May 12, 2009 – Knight Commission Meeting Press Release, Audio Podcasts,…
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In an article published in the New York Times, colleges and universities across the country are slashing millions of dollars from their sports budgets, including the elimination of sports teams. Of the 17,682 teams that competed in the NCAA in 2007-2008, the NCAA expects about 130 teams to be eliminated. The article singled out the…
“We built an enterprise under revenue assumptions that we have to change… we have just always assumed that corporate revenue, media revenue would just continue at the same pace, and that is obviously not going to be the case,” ~ Brit Kirwan, Co-Chairmen Knight Commission on Intercollegiate Athletics The conclusion of another academic year marks…
The USA Today and Chronicle of Higher Education reported on a recently released study from the NCAA which states that major college athletic programs (in the Football Bowl Subdivision) increased their expenses 10.7% more per year between 2004 and 2007, from $31 million in 2004 to $42.2 million in 2007. The spending was more than…
John J. Cheslock, Associate Professor, Center for the Study of Higher Education, University of Arizona Dr. John J. Cheslock is an Associate Professor in the Center for the Study of Higher Education at the University of Arizona. Receiving his Ph.D. in Labor Economics from Cornell University, Dr. Cheslock’s area of research focuses on the economics…
On April 22, the NCAA recognized 767 Division I sports teams for top academic performance as part of the NCAA’s academic reform program. The recognition awards are given each year to teams scoring in the top 10 percent in each sport according to their Academic Progress Rates (APR). The APR is a measure of a…
A column by Tom Eblen of the Lexington Herald-Leader proposed that the University of Kentucky (UK) athletic program contribute 10% of its budget, or $6.7 million this year, to other university purposes, rather than $1.2 million that it will pay. Eblen notes the historical financial picture of athletics and academics at UK, painted by a…