Lack of NCAA money another blow for G5

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Tough decisions for Temple in the past included dropping baseball. Who knows what the next decision for Temple will be?

As far away as five months is, you don’t have to be a Nosadramus to figure out Temple football attendance is going to be impacted somewhat from the residue of this pandemic.

People who once thought nothing of sitting in a crowded stadium will now think long and hard about making such a commitment.

footballs

Those of us who have gotten into the habit of making Saturdays a college football day probably won’t be swayed if this thing dies down as expected.

Yet the effect of the pandemic on the pocketbook is already being felt, according to a recent story on footballscoop.com.

This is from that story:

The NCAA on Thursday announced it will distribute $225 million to Division I schools in June, a figure that was unanimously approved by the board of governors.

That figure is less than half of the budgeted $600 million the organization planned to send out, had the NCAA tournament been played.

Fifty million of that $225 figure will come from reserves, and the NCAA will use its $270 million event-cancellation insurance policy to pay off a line of credit that will cover the remainder of the money paid to schools.

While Division I schools are forced to deal with massive shortfalls, they get off easy compared to lower-level schools. From the NCAA:
Division II will receive 4.37% of actual revenues, currently projected to be $13.9 million for the division, which is a $30 million decrease from last year. Division III will receive 3.18% of actual revenues, currently projected to be $10.7 million for the division, which is a $22 million decrease from last year. These amounts will be used to fund national programs.”

As the author of the story, Zach Barnett, pointed out, the Power 5 schools who have vast reserves of money will survive but Group of Five schools like Temple and especially FCS and Division II will struggle. No one knows how much Temple was getting from this fund, but let’s assume half of what Temple gets from this source dries up. That’s money Temple was expecting to come in and won’t get now.

Football seems to be safe at Temple because the university committed to a long-term deal with the Eagles for use of Lincoln Financial Field. Other sports, though, could be on the chopping block and not just at Temple, but at all G5 schools.

In a sport where the rich seem to get richer and the poor get marginalized, this unfortunately par for the course over the last decade or so.

Wednesday: An April Anthology

Friday: A Year Without Cherry and White

5 thoughts on “Lack of NCAA money another blow for G5

  1. The money they got from the coach buyouts now appears to be a godsend. Hope they banked some of it for those sure to come rainy days.

  2. One of the local stations actually thought about college footballl in lilght of the virus shutdowns affecting spring practice and ramifications for the regular season. Lo and behold, they even asked Carey about it, not Franklin. Can’t give you any details on what was said as there was competing noise when I saw it.

  3. TU athletics web site has a countdown clock running on its opening page for Cherry and White.

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