EverettGriz said:
One quick question:
How, exactly, is money being siphoned from athletics when the department still receives a significant portion of its revenue from Institutional Support?
I understand your question/point, and have often thought the same thing, but its does seem odd that UM would give with one hand and take with the other hand. It's also misleading. I assume that institutional support for UM athletics looks overstated, because I assume the revenue taken away, i.e. siphoned off, shows up as some sort of expense (and doesn't just reduce the institutional support line item). However, maybe that is not the case. Kem seems to think there are some sort of accounting gimmicks, but I've never seen him or anyone actually explain what the gimmick is or may be.
I recently saw that Haslam said that football is about breakeven, and saw O'Day say that in the past. Just eyeballing the numbers, that doesn't seem to be right. It would seem that football brings in more than its expenses. I wonder if a disproportionate amount of the expenses of the athletic dept, like admin costs, get loaded onto the football program