SBD/July 11, 2013/Colleges

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  • Univ. Of Colorado Looks To Cut Discretionary Costs After $7.5M Shortfall

    CU's $7.5M shortfall was in part due to paying off terminated coaches salaries

    Univ. of Colorado interim AD Ceal Barry yesterday said that each program in CU's athletic department has been "asked to cut 10 percent of its discretionary costs to help make up for" a $7.5M shortfall this year, according to John Henderson of the DENVER POST. Barry said that the cuts "will not affect tuition, room and board, salaries or game guarantees, among major expense areas." Barry said that the shortfall for FY '12-13 was "primarily the result of paying off salaries to terminated coaches." Barry: "We operated at a deficit this last fiscal year. If nothing changes, we'll be at July 1, 2014, sitting in the same position. That's why we had to identify patterns on how we spend money." Henderson notes the athletic department is "working to pay off" $20M in previous debt, "mostly from a costly transition moving from the Big 12 to the Pac-12." CU officials also are "trying to raise" $50M toward a $170M "facilities upgrade while at the same time searching for a new athletic director." Barry said that the 10% cut "is a request, not an order." But, she said, "I'll certainly watch how they behave and watch their expense reports" (DENVER POST, 7/11).

    GROWING CORN: In Omaha, Lee Barfknecht reports the Univ. of Nebraska is "projecting a 9 percent increase in sports revenue for the coming year, which will make Husker athletics close to" a $93M business annually. NU AD Shawn Eichorst yesterday said that the "expected revenue hikes" of about $7.6M are "solid based on three things." Eichorst said, "Increased seating in football, increased seating in volleyball and increased seating in basketball. It's going to be great come fall when we start setting all-time attendance records.” NU's expected budget "puts it about 25th nationally and in the middle of the pack in the Big Ten." Eichorst: "We're in really good shape financially. Supporters of this university would be proud of how we have managed our business" (OMAHA WORLD-HERALD, 7/11).

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  • Pac-12 Eyes Regular-Season Basketball Games In China As Part Of Asia Plan

    Pac-12 Commissioner Larry Scott on Tuesday said that he expected the conference "to play regular season games in China within the next few years" and that he "hoped the league's cable network would someday be available there," according to Doug Feinberg of the AP.  Scott said, "Taking the next step would be a regular season men's basketball game in China. Whether that's a non-conference game early in the season or during holiday time." Scott added that the "earliest such a game would happen would be" the '14-15 regular season. Feinberg noted this is the "second year of Scott's long-term effort to increase the Pac-12's presence in Asia." Arizona State's men's basketball team and Cal's women's basketball team "will head across the Pacific next month to play a series of exhibition games against Chinese teams." UCLA visited China last summer "in the first step of the conference's initiative." A delegation of Pac-12 coaches "will conduct clinics for Chinese coaches in August." Scott: "The ultimate goal is to build the brand of the schools in China and to develop other opportunities more broadly. That's tied to our philosophy of universities" (AP, 7/10). In San Jose, Jon Wilner wrote there are "plenty of logistical issues to solve, hurdles to overcome and, well, mountains to move" in connection with playing a regular season Pac-12 game in China. But it is "important to note that the Pac-12 CEOs are on board." They are in fact "the reason for Scott’s push into the Pacific Rim." The presidents and chancellors "have made it clear to Scott during his time in charge that China is a market they covet on numerous levels" (MERCURYNEWS.com, 7/10).

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