Ole Miss Budget Woes

[kired]

With all the talk of settlements and the financial impact of everything, thought I'd share the interesting bit I heard ~2 weeks ago. Curious if anyone has heard similar news.

I know a few people who do construction, remodeling type work, and just general maintenance for the university & athletic department. But as of here recently, they've been told not to expect any new work they don't already have a contract for. I'm talking very basic stuff (painting, landscaping) and even said the grass isn't being mowed as often. FWIW, these guys are lifelong UM fans and they seem a lot more worried about the severity of the sanctions than the average fan.

Their thinking is if the university is making cutbacks on these types of services, somebody around there is a lot more worried than they are letting on.

 

[57stratdawg]

I don't think there is any question OM is facing a serious financial issues in the future. If the NCAA requires them repay Bowl revenue on top of a multi year bowl ban, we're $20Million potentially on the low end.

The real damage then comes from the rollback of contributions if football craters. For all his faults, Bjork has done a great job raising funds for them. Take him out of the equation, plus the factor previously mentioned, plus a poor on field product for potentially a decade, the fiscal implications really start to pile up.

 

[Snog]

Just breaks your heart doesn't it?********

 

[Maroon Eagle]

Landscaping and maintenance is often an early budget cut...

...at colleges and universities so it's not unusual.

Oklahoma has had cuts as well: Link.

 

[bulldogbaja]

People on this board make references to OM having lots of money, but the reality is their fundraising is nearly the same as ours. Their alumni base includes a few wealthy attorneys as well as a lot of regular folk. Ours includes a few insanely wealthy petroleum and business types plus a bunch of regular folk.
Currently all Mississippi universities are getting budget cuts, so it gets distributed and trickles down, even to athletics to an extent. The usual athletic donors are now being courted harder than ever to support academics. There is no question that adding in all of the impacts from the NCAA investigation / escortgate will cease all growth of an athletic department already operating very lean.

 

[Shmuley]

You can bet that their looming, multi-year football suckage is going to substantially and negatively impact their enrollment, especially out-of-state enrollment which has become a rather significant component of their student make-up.

 

[pDigital32Dawg]

How much have they spent on their lawyers for their NCAA investigation? I recall at one point that the Ole Miss narrative was boasting having spend $1.5 million or so. I believe it was last year, but my memory is faded.

 

[maroonmania]

I don't think there is any question OM is facing a serious financial issues in the future. If the NCAA requires them repay Bowl revenue on top of a multi year bowl ban, we're $20Million potentially on the low end.

The real damage then comes from the rollback of contributions if football craters. For all his faults, Bjork has done a great job raising funds for them. Take him out of the equation, plus the factor previously mentioned, plus a poor on field product for potentially a decade, the fiscal implications really start to pile up.

Yes, but if they stop cheating think of all the money they will save in recruiting.****

 

[Moe Cabelle]

From the looks of recruiting, bad time to stop the "Keep Oxford Beautiful" campaign. Recruits used to take on look and ..... whammy. Funny how that works.

 

[VillagepeopleDogs]

Bad look for weed eaters and smokers.

 

[johnson86-1]

You can bet that their looming, multi-year football suckage is going to substantially and negatively impact their enrollment, especially out-of-state enrollment which has become a rather significant component of their student make-up.

I hadn't thought about that. They absolutely are reliant on that out of state tuition for their current budget. They better hope all those Texas rejects can't find a better alternative.

 

[ShrubDog]

Bad look for weed dealers and vapors.

Fify

 

[tatedog]

Chanel #5 is being marked up 20% in the book store as well.