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Coaching pay cuts
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<blockquote data-quote="RamblinRed" data-source="post: 706886" data-attributes="member: 1776"><p>Survey results from 110 AD's about the future due to COVID 19. It isn't pretty</p><p><a href="https://www.cbssports.com/college-football/news/college-sports-bleak-financial-future-in-wake-of-coronavirus-pandemic-apparent-in-ad-survey/" target="_blank">https://www.cbssports.com/college-football/news/college-sports-bleak-financial-future-in-wake-of-coronavirus-pandemic-apparent-in-ad-survey/</a></p><p></p><p>86% expect to have to make 'financial sacrifices' and over 1/3 of AD's forecast at least a 30% drop in revenue</p><p>About two-thirds of respondents said the most likely outcome of the crisis for their departments is a decrease in enrollment at their schools. Slightly more than half believe there will be decreased fan interest.</p><p>More than two-thirds of ADs (67 percent) agree or strongly agree they must find a way to limit coaches' salaries.</p><p>More than half of the ADs (56 percent) say they agree a way must be found to limit buyouts.</p><p>Less than half of the Power Five athletic departments (41 percent) have sufficient financial reserves to ride out the crisis. Only 26% of Group of Five departments have enough reserves.</p><p></p><p>Over the next three months, 89 percent of ADs are most concerned about academic progress of their athletes, who are studying remotely with the shuttering of schools due to the virus.</p><p>After financial concerns, the greatest fear of ADs (39 percent) in six months is "morale and culture."</p><p>Summing up the current climate, one AD wrote, "Due to the crisis and nature of what is going on nationally, I think that this is horrible time to be implementing name, image and likeness and one-time immediate transfers. The financial landscape is going to look so much different going forward."</p></blockquote><p></p>
[QUOTE="RamblinRed, post: 706886, member: 1776"] Survey results from 110 AD's about the future due to COVID 19. It isn't pretty [URL]https://www.cbssports.com/college-football/news/college-sports-bleak-financial-future-in-wake-of-coronavirus-pandemic-apparent-in-ad-survey/[/URL] 86% expect to have to make 'financial sacrifices' and over 1/3 of AD's forecast at least a 30% drop in revenue About two-thirds of respondents said the most likely outcome of the crisis for their departments is a decrease in enrollment at their schools. Slightly more than half believe there will be decreased fan interest. More than two-thirds of ADs (67 percent) agree or strongly agree they must find a way to limit coaches' salaries. More than half of the ADs (56 percent) say they agree a way must be found to limit buyouts. Less than half of the Power Five athletic departments (41 percent) have sufficient financial reserves to ride out the crisis. Only 26% of Group of Five departments have enough reserves. Over the next three months, 89 percent of ADs are most concerned about academic progress of their athletes, who are studying remotely with the shuttering of schools due to the virus. After financial concerns, the greatest fear of ADs (39 percent) in six months is "morale and culture." Summing up the current climate, one AD wrote, "Due to the crisis and nature of what is going on nationally, I think that this is horrible time to be implementing name, image and likeness and one-time immediate transfers. The financial landscape is going to look so much different going forward." [/QUOTE]
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