dpodoll68
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Not even remotely close - a very small minority.My thought most all football and basketball scholarships are endowed. Somebody donated money to invest to pay for a scholarship.
The University of Minnesota? You serious, Clark? Maybe Stanford, maybe, but I doubt there's any other P4 school who's even remotely close.After 100 plus years they should have scholarships covered for perpetuity barring civil war, WWIII, rioting in the streets etc.
I never worked in Athletics, so I don't know what the real number is, but let's make up a number for what it costs to educate, feed, clothe, and house a Gopher football player for a year. $50K? That's probably low, but let's use it for an academic exercise. That would mean each endowed scholarship has $1.25M in the corpus to fund $50K annually. That would be $131.25M sitting in endowments to fund 105 scholarships. And that's just football, not including the other 25 sports or whatever the number is.So there is no cost in scholarships or shouldn't be.
The entire university has an endowment of a few billion that doesn't come close to meeting its annual operating costs, and you think Athletics, comprising a tiny % of the overall student body, has the requisite half-billion (or more) to fund endowed scholarships? Again, please be serious.
And this entire discussion isn't even touching on the really significant costs - staff salaries, travel, equipment, etc., etc., etc.
Across the university as a whole? They are paying way more people than that. In Athletics specifically? It is a small fraction of that number.They are paying 50 people to raise money.
I would love to see where you're getting your fictional data to support this post, because that report would be pretty wild to read, and to laugh at.