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Big 10 To Announce Move To Conference Only Schedule For 2020

JuiceTheGator

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Sorry Washington.

Playing OSUx early in the season was truly a gift. I can see why the Bucs pussed-out.
 

Tin Man

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kpii16-27beavlarge.jpg
 

TrustMeIamRight

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Sucks they aren't playing, but I think it has to do with money, as much as it does Covid.
Not playing OOC will save schools millions. With no fans, OOC games are going to cost them a fortune.
 

ralphiewvu

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Your shot ACC, Big 12 and SEC.

It’d be fun if those 3 conferences said screw it, filled in the Cancelled OOC games with teams from those conferences still down to play and just played.

Pipe dream I know but it’d still be funny as all hell.
 

LambeauLegs

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Alvarez: Wisconsin to lose $100M if no football


Wisconsin's athletic department is projecting revenue losses between $60 million and $70 million if the Badgers play a conference-only, 10-game season and losses of more than $100 million if the upcoming football season is canceled because of the coronavirus pandemic.

In a letter to Wisconsin fans posted on the athletic department's website Thursday, athletic director Barry Alvarez wrote, "Regardless of what our fall season looks like, we are facing a great financial challenge. I don't think it's an embellishment to say the experience we love as Badgers and the legacy of our extraordinary athletic department is at risk."

A Wisconsin spokesperson told ESPN that the financial model assumes limited capacity at home football games, but he didn't specify what percentage.

Alvarez said the Badgers have projected a $140 million operating budget for the 2020-21 academic year.

"I believe we will reach a monumental crossroads in the coming days," Alvarez wrote. "We will have two choices: remain at the head of the class or fall behind. Everything we pride ourselves on -- competing at the highest level, developing world-class student-athletes and raising trophies -- relies on our ability to financially support our student-athletes."

Wisconsin officials told the Wisconsin State Journal that the athletic department would have to go into its reserve funds to make up the difference. According to the report, the reserve fund had $190 million at the end of the 2018-19 fiscal year

The athletic department's 25 highest-paid employees are taking voluntary 15% reductions in pay and all employees are participating in a work-share program that cuts their hours by either 20% or 50%.

The Badgers also have paused a $77 million renovation of Camp Randall Stadium, restricted travel and frozen all hires.

"These steps have allowed us to avoid the tough decisions other schools have already had to make, like eliminating sports or laying off employees," Alvarez wrote. "We have taken many steps, but we will have to do much more."

In 2018-19, Wisconsin's football program accounted for about 58% of the department's $157.7 million in revenue, according to the university's most recent financial report to the NCAA. The Badgers generated $24 million in ticket sales and $8.3 million from contributions related to football, as well as $45.6 million from media rights, $9.4 million from bowl revenue and $5.3 million from program sales, parking and concessions.

If the season isn't played, the Badgers would save money on some expenses, including team travel ($1.3 million in 2018-19), opponent guarantees ($3.1 million), game expenses ($1 million) and bowl expenses ($2.1 million). Much of their $40.4 million in expenses, like athlete student aid, coaching salaries and facility debt service, are fixed costs.
 

HammerDown

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Your shot ACC, Big 12 and SEC.
Good to see these conferences taking the time to make the right decision. I'm puzzled (and a little disappointed) why the B1G and PAC12 didn't do the same.
 

Goldbug

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Alvarez: Wisconsin to lose $100M if no football


Wisconsin's athletic department is projecting revenue losses between $60 million and $70 million if the Badgers play a conference-only, 10-game season and losses of more than $100 million if the upcoming football season is canceled because of the coronavirus pandemic.

In a letter to Wisconsin fans posted on the athletic department's website Thursday, athletic director Barry Alvarez wrote, "Regardless of what our fall season looks like, we are facing a great financial challenge. I don't think it's an embellishment to say the experience we love as Badgers and the legacy of our extraordinary athletic department is at risk."

A Wisconsin spokesperson told ESPN that the financial model assumes limited capacity at home football games, but he didn't specify what percentage.

Alvarez said the Badgers have projected a $140 million operating budget for the 2020-21 academic year.

"I believe we will reach a monumental crossroads in the coming days," Alvarez wrote. "We will have two choices: remain at the head of the class or fall behind. Everything we pride ourselves on -- competing at the highest level, developing world-class student-athletes and raising trophies -- relies on our ability to financially support our student-athletes."

Wisconsin officials told the Wisconsin State Journal that the athletic department would have to go into its reserve funds to make up the difference. According to the report, the reserve fund had $190 million at the end of the 2018-19 fiscal year

The athletic department's 25 highest-paid employees are taking voluntary 15% reductions in pay and all employees are participating in a work-share program that cuts their hours by either 20% or 50%.

The Badgers also have paused a $77 million renovation of Camp Randall Stadium, restricted travel and frozen all hires.

"These steps have allowed us to avoid the tough decisions other schools have already had to make, like eliminating sports or laying off employees," Alvarez wrote. "We have taken many steps, but we will have to do much more."

In 2018-19, Wisconsin's football program accounted for about 58% of the department's $157.7 million in revenue, according to the university's most recent financial report to the NCAA. The Badgers generated $24 million in ticket sales and $8.3 million from contributions related to football, as well as $45.6 million from media rights, $9.4 million from bowl revenue and $5.3 million from program sales, parking and concessions.

If the season isn't played, the Badgers would save money on some expenses, including team travel ($1.3 million in 2018-19), opponent guarantees ($3.1 million), game expenses ($1 million) and bowl expenses ($2.1 million). Much of their $40.4 million in expenses, like athlete student aid, coaching salaries and facility debt service, are fixed costs.

These coaches and their 10%-15% pay cuts don't impress me very much. If the football season is stopped, the coaches need to be taking 70% pay cuts. If a coach is making $5 Million, he'd still make $1,500,000 while not coaching but still doing the other stuff. Can't make it on $1.5 Million? LMAO Besides, isn't coaching what the lion's share of their salary is supposed to be for? Times are hard, Coach.....go tell the people on unemployment or who have lost their business you have it soooo tough. I think peer pressure would work in this situation if a couple of the big name coaches did it.
 
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