This is an October 1 reprint from The Missoulian featuring an email sent out by Jim O'Day the Montana AD:
This is the full text of the Jim O'Day's e-mail
I understand your concerns – you are not alone. This is, perhaps, the most critical decision to ever face the intercollegiate athletic program at The University of Montana.
With state funding flat and student athletic fees holding tight, and with expenses growing year-by-year at a steady pace (at least $250,000 per year alone in just scholarship costs and related room/board costs for out student-athletes), we find ourselves at a cross roads.
With revenues presently capped at about $13 million per year, we are having to find ways to cut expenses… and one option may have to be scholarships to out-of-state student athletes if we cannot find new revenue sources.
We realize this could hurt our competitiveness as we cannot just take out of certain non-revenue generating sports because of Title IX issues.
In addition, our insurance continues to rise, as does rent and travel. We can assume our expenses will jump at least $500,000 annually… and really no new revenue to meet these increases. We have continued to cut our expenses about $250,000 or more per year for the past three years…. But now we are down to the bare bone. Any further cuts will affect programs. You can see that already – our entire budget for recruiting for all 14 sports is $178,000; at Montana State it’s $408,000 per the recently released NCAA audit numbers...Go here for the remainder.
No comments:
Post a Comment