A Black Swan comes to university athletics power structure

[FOPittWrestling]

"The Math Is Not Pretty" - COVID Concerns Spark "Existential Threat" For Many Colleges

Colleges across the country are trying to figure out whether they can reopen campus this fall.
The transition to virtual classes has been epic... triggering lawsuits filed by some students that claim refunds for tuition, fees, and room and board must be seen...

[plus no revenue from football and basketball gate revenue or television]

And to make matters worse, nationwide enrollment in higher education has plunged 11% in the last eight years as millennials figure out they don't need to rack up tens of thousands of dollars in debt before entering the labor force.

"For some colleges, this is an existential threat that means they'll have to close," she said, while others have the financial support to weather the virus storm.

Campus Reform identified the top ten schools receiving the most bailout money (via the CARES Act) courtesy of the American taxpayer:
Arizona State University- $63.5 million
Pennsylvania State University- $54.9 million
Rutgers University- $54.1 million
University of Central Florida- $51 million
Miami Dade College- $49 million
Georgia State University- $45.2 million
California State University-Northridge- $44.6 million
The Ohio State University- $42.8 million
California State University- Long Beach- $41.7 million
California State University- Fullerton- $41 million

 

[FOPittWrestling]

The so called college towns like State College, Columbus, most of the ACC school are going to look very different in a few years.

 

[FOPittWrestling]

https://mises.org/wire/school-closures-are-big-threat-power-public-schools

As pertains to the article above:

I know this is not an economics or philosophical web site ( although did you know Keith Gavin was a philosophy major and Pitts Philosophy Department is ranked #1 in the country? I'm not sure Keith knows this, so ask him if you see him - LOL) but...the people that understand the financial upheaval in collegiate and more importantly high school education will be the best at adapting for success.

Try not to get triggered with the political perspective and just realize the local communities that establish the best club programs may be the best situated for future athletic success at the highschool level. In turn, establishing relationships with club teams (and parochial schools) will be key to collegiate success.

Some of this isn't new as things are kind of moving in that direction anyhow with the Blairs and Wyomissings of the world. Waynesburg and Young Guns are other examples. It is also a lot closer to the way thing run in the rest of the world.

If your honest however, you will see the RTC's have been slowing moving away from old academic amateurism/ NCAA control as well. We have already seen how those programs that stick with the old university economic system are limited.

Wrestling programs that hire graduate/professional wrestlers are creating a new system that parallels but remains outside of NCAA economic and regulatory control. These programs in turn, have been a huge benefit to the success of the associated university programs.

The administrators are not stupid however. You can bet the university and public education cartels understands the dynamics mentioned in these articles and I suspect they will wake up and smell the coffee and be working like mad to get things back to normal next year.

The question is - is the cat out of the bag.

https://mises.org/wire/school-closures-are-big-threat-power-public-schools