General Fund Subsidy for the AD?

[Denver_sc]

Does anyone know if there is any subsidy from the CU general fund for the AD in general or football in general?

 

[Shldr2Shldr]

As far as I know. No.

Scholarships are all charged the out of state rate as well. CU doesn't help out much.

 

[Denver_sc]

I only ask because I just saw some news from Portland State (which is a large, albeit mostly commuter school that competes in the Big Sky division with Northern Colorado) wherein the president was talking about the current budget shortfall. It says:

"PSU can no longer afford to subsidize our football program from the university's annual general operating fund. The program will be required to become self-supporting, and Athletics is developing plans to do so starting next year. The program will continue to compete in the Big Sky Conference in NCAA Division I, and we look forward to Viking football next season at Jeld-Wen Field."

Just interesting, is all.

 

[slider]

Yes I'm pretty sure we do. It should be in some USA today reports

 

[SD Buff]

This is the latest USA Today I have seen from 2006-2011. Couple questions on the number they publish. Is this the bridge loan for the PAC 12 move? Or is this the rumored horse trade for keeping Hawkins that extra year while Benson lobbied the legislature for those bills he got passed? IDK the answer. But the subsidy jumped big time from last we saw a number. Full USA Today LINK

 

[GoBuffs08]

http://deadspin.com/how-temple-foot...ource=deadspin_facebook&utm_medium=socialflow

Temple dropping all kinds of sports due to budget issues all centered around the football team.

 

[BlackNGold]

Does anyone know if there is any subsidy from the CU general fund for the AD in general or football in general?

It depends what you mean by subsidy and General Fund. The CU Foundation has loaned the AD money at no interest to cover shortfalls. The Presidents office also gives a donation every year to the AD. I think this has been about $3 million per year since Hank Brown was Prez. The foundation also gave the AD $6 million to help cover the cost of moving from the Big 12 to the Pac 12.

Nothing comes out of a "General Fund" if you mean the normal operating revenues other than Student Fees.

 

[GoBeers]

. But the subsidy jumped big time from last we saw a number.

I think the timing is such that you're seeing a one time jump due to the conference change in 2011W. hat USA Today calls 2011 is actually the 2010-11 academic year and where the bulk of the revenue is from 2010 football season (CU is listed as still in B12). The new P12 TV contract money won't be seen on these reports until 2013, so USA Today data is basically 2 years behind.

I'm not sure how the Hawkins buyout was budgeted. I thought typically they are not lump sum, but paid out over multiple years, so no single year would have a huge multimillion dollar hit.

 

[NW Buff]

It depends what you mean by subsidy and General Fund. The CU Foundation has loaned the AD money at no interest to cover shortfalls. The Presidents office also gives a donation every year to the AD. I think this has been about $3 million per year since Hank Brown was Prez. The foundation also gave the AD $6 million to help cover the cost of moving from the Big 12 to the Pac 12.

Nothing comes out of a "General Fund" if you mean the normal operating revenues other than Student Fees.

For the purposes of the question, I think you have to count Student Fees as general.

 

[cubuffs85]

http://deadspin.com/how-temple-foot...ource=deadspin_facebook&utm_medium=socialflow

Temple dropping all kinds of sports due to budget issues all centered around the football team.

Towson did the same thing, only to reinstate the baseball team. All those Big East schools are screwed now that they aren't a major conference anymore.