I'm not sure how would that work? Cal says it's dropping football and the Regents say, no you have to keep it? Or, the Regents say, fine, cut every sport too? Regardless, the fact is that the Regents (ask taxpayers) are on the hook for the debt if Cal drops FB. (Or, are you suggesting the state takes it out of the academic funding, which is what really goes into the classroom?)
I'm not sure how would that work? Cal says it's dropping football and the Regents say, no you have to keep it? Or, the Regents say, fine, cut every sport too? Regardless, the fact is that the Regents (ask taxpayers) are on the hook for the debt if Cal drops FB. (Or, are you suggesting the state takes it out of the academic funding, which is what really goes into the classroom?)
Not saying Cal can't drop football if it wants to, but the state doesn't also have to pick up the tab for whatever portion of the stadium debt athletics would no longer contribute to. In all likelihood they would cover some depending on the circumstances, but I'd suspect much more would need to be cut out of the existing budget or deferred or re-financed so that we would essentially be paying off till the end of time. In any case, the state choose any solution they want, but it for no scenario would involve the state just paying for it.
The Athletic Department signed for the CMS debt, but if football is dropped, the Athletic Department will lose its cash cow. Besides cutting most of teh AD staff, the only sports remaining will be those that the campus wants to fund out of General Revenues. The AD will not be able to pay bond debt without football; if the campus eliminates all varsity sports, teh AD will cease to exist. The Regents will have no choice but assume the bonds, using some CaliMoney from UCLA. Cutting education money to the campus is a non-starter, as that will hurt the low income and first gen the most.
I'm not sure how would that work? Cal says it's dropping football and the Regents say, no you have to keep it? Or, the Regents say, fine, cut every sport too? Regardless, the fact is that the Regents (ask taxpayers) are on the hook for the debt if Cal drops FB. (Or, are you suggesting the state takes it out of the academic funding, which is what really goes into the classroom?)
Not saying Cal can't drop football if it wants to, but the state doesn't also have to pick up the tab for whatever portion of the stadium debt athletics would no longer contribute to. In all likelihood they would cover some depending on the circumstances, but I'd suspect much more would need to be cut out of the existing budget or deferred or re-financed so that we would essentially be paying off till the end of time. In any case, the state choose any solution they want, but it for no scenario would involve the state just paying for it.
right, and that is my point. Let's play this out.
The Athletic Department signed for the CMS debt, but if football is dropped, the Athletic Department will lose its cash cow. Besides cutting most of teh AD staff, the only sports remaining will be those that the campus wants to fund out of General Revenues. The AD will not be able to pay bond debt without football; if the campus eliminates all varsity sports, teh AD will cease to exist. The Regents will have no choice but assume the bonds, using some CaliMoney from UCLA. Cutting education money to the campus is a non-starter, as that will hurt the low income and first gen the most.