Central Michigan's Heeke To Become Arizona AD Utah Generates $79.4M Revenue In '15-16 Alabama Football Program Nets $47M-Plus Profit Texas A&M Athletic Department Makes $57.2M In '15-16 N.C. Still In Limbo As ACC Championship Host Site Washington State Athletic Deficit Shrinking LSU Athletics Turns $12M Profit In '15-16 Sources: BC Wasn't Going To Renew Bates' Contract Kentucky Increases Price For Football Season Tickets Florida AD Stricklin Puts Twitter To Good Use
NCAA COST-CUTTING BEGINS: HOST CITIES' EXPENSES SLASHED
Published August 12, 1998
The NCAA's "top brass, specifically the Executive Committee," meets this week in Chicago and on the agenda will be "budget discussions and potential cost-cutting measures, the lingering effects of a legal bill that could exceed" $70M, the product of the NCAA's illegal "restricted- earnings" rule, according to Steve Rock of the K.C. STAR. The "new NCAA could wind up being a far cry" from today's organization, including fewer "resort-type settings for committee meetings," less money spent on entertainment functions and "maybe even no private jet." The K.C. STAR obtained documents showing that "many" of the areas targeted for possible cuts by the NCAA are "rather mundane." But there are others which "have been the source of criticism for years." Critics have "long complained" that NCAA committees meet in extravagant places, locales inconsistent with the NCAA's mission as a non-profit organization billed as educational in nature" (K.C. STAR, 8/11). LOCAL LEVEL: In San Antonio, Travis Poling reported that the NCAA has "slashed" the amount of money Final Four host cities can spend to $500,000, including money from ticket-package sales to local corporations and civic boosters. Last year, San Antonio hosted the men's Final Four with a budget of $1.2M. The new rules are intended to "help protect the investment of the NCAA's national corporate sponsors," by restricting the number of local firms that can claim any support of the event. The rules are also meant to "decrease the burden" of host cities that have trouble raising money (EXPRESS-NEWS, 8/10). In St. Pete, Kelly Ryan reported that Tampa's budget for the '99 Final Four already exceeds $500,000, but since the events "straddle two counties," local organizers will deal with three cities, rather than one (ST. PETE TIMES, 8/10).