Post by Sly Fox on Oct 16, 2005 6:43:48 GMT -5
Check out this little nugget from the end of a story in the Sunday edition of the Lynchburg fishwrap on Liberty's financial status (the full text is in the Off Topic forum):
That sounds like a very clear mandate from Dr. J to start winning immediately or there will have to be something done. The status quo isn't cutting it. I'm sure the near empty stadium last night didn't help matters either.
Perhaps the biggest problem area is the school’s sports programs, which lost $7.4 million in 2004, a $1.5 million increase over its losses in 2001.
Falwell Sr. said even that can be fixed.
“A major university without men’s and women’s sports is not looked on as a true, full-blown university,” he said.
“There are only two sports you can upgrade that will put you in the black. That’s basketball and football.”
Falwell said the women’s basketball team did its job when it went to the NCAA tournament’s Sweet 16 last year.
“All coaches have incentive bonuses if they achieve certain goals,” Falwell Jr. said.
This year’s football team is 1-5 and is in last place in the Big South conference.
“I have pressure on me,” Falwell said. “Only football can make the big money. People don’t come to watch you play football or basketball. They come to watch you win. Until you win, they don’t come.”
At 72, Falwell’s sports goals are clear. He wants a competitive football team that will move into Division 1 in his lifetime. He wants the sports department to be more financially self-sufficient.
“The university won’t feel good until the financial losses in the sports programs are cut in half,” he said. “We’re going to solve it. We’re going to get there."
Falwell Sr. said even that can be fixed.
“A major university without men’s and women’s sports is not looked on as a true, full-blown university,” he said.
“There are only two sports you can upgrade that will put you in the black. That’s basketball and football.”
Falwell said the women’s basketball team did its job when it went to the NCAA tournament’s Sweet 16 last year.
“All coaches have incentive bonuses if they achieve certain goals,” Falwell Jr. said.
This year’s football team is 1-5 and is in last place in the Big South conference.
“I have pressure on me,” Falwell said. “Only football can make the big money. People don’t come to watch you play football or basketball. They come to watch you win. Until you win, they don’t come.”
At 72, Falwell’s sports goals are clear. He wants a competitive football team that will move into Division 1 in his lifetime. He wants the sports department to be more financially self-sufficient.
“The university won’t feel good until the financial losses in the sports programs are cut in half,” he said. “We’re going to solve it. We’re going to get there."
That sounds like a very clear mandate from Dr. J to start winning immediately or there will have to be something done. The status quo isn't cutting it. I'm sure the near empty stadium last night didn't help matters either.