Finances

goconnor
August 10, 2020 @ 01:53 PM
2 Comments

Thread Actions

What does this mean for budget, salary cuts, layoffs, minor sports, facilities, travel.

Robert on August 10, 2020 @ 03:21 PM

Whitman somewhat covered that last week, saying that there were contingency plans in place and that he didn't anticipate canceling any sports. Canceling all sports does mean some "savings" in terms of travel costs. Having 21 sports and booking travel, lodging, and food for all 21 teams is a big part of the expenses.

As for the details we know, if there's no TV revenue from football, every Big Ten school loses $51 million. Then the individual schools lose ticket revenue (plus merchandise, concessions, etc). For Nebraska, they'd lose $27 million from ticket sales alone; Illinois would lose $11.8 million from ticket sales.

So while it's a bit less "impactful" for Illinois, every Big Ten school would still be taking a massive hit. And I'm not sure where it goes from there. Massive cutbacks and salary reductions and then some kind of loan to try to bridge the gap?

goconnor on August 11, 2020 @ 02:36 PM

Is this a money making occupation or a hobby for you? Are you a journalist as a day job for a newspaper?

There used to be a Brumby running this. What became of him?

Is there going to be Illinois football Sept 3?

Speak Your Mind

Please login or register to post comments on the IlliniBoard.