Berkeley Seems to Have a Problem Finding Athletic Cutbacks
From the Daily Californian:
UC Berkeley’s Chancellor’s Task Force for Intercollegiate Athletics released its report Monday and could not reach a consensus regarding cutting any of Cal’s sports teams.
In the report, the task force recommended an external review of Cal Athletics’ finances and structure, focusing on potential cuts to administrative expenses which are “not directly related to sports programs.”
Cal Athletics has come under fire in recent years for its large deficit, which stood at about $22 million in fiscal year 2016. The campus holds more than $400 million of debt after seismically retrofitting California Memorial Stadium and building the Simpson Center for Student-Athlete High Performance in 2012. The athletic deficit has compounded a campuswide fiscal crisis, where campus administrators have scrambled in recent years to address a structural deficit of more than $100 million.
The report said it is “virtually certain” that the cost of interest payments on the department’s debt will exceed its income for the foreseeable future regardless of any actions taken to change the program’s scope, such as cutting sports...