Future of Division III

Started by Ralph Turner, October 10, 2005, 07:27:51 PM

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Ron Boerger

The latest NACUBO endowment study is out, and like their counterparts elsewhere Division III schools had a good year.  It's important to note that this study reflects endowments as of June 30, 2021 and results taken after the recent drops in the stock market would not be nearly as rosy.  Average endowment size increased 35% to $1.1 billion, though that is top-weighted as the median increased to only $220 million, with more than half of endowments being under $250 million.  Only one school of the 700-plus respondents - Albright - reported a loss during the period, but two other D3s - Messiah and Curry - were also at the bottom of the list with gains under 6%.  At the other extreme, Wash U, with an endowment already among the top 25 colleges, saw its endowment skyrocket by over 60% to $13.5 billion.  In terms of endowment per student, MIT, Amherst and Williams rank in the top ten of all schools, followed immediately by Pomona, Swarthmore, and Grinnell. 

Gregory Sager

Thanks for that link, Ron. The latest NACUBO endowment table is always a nice resource to have on hand.
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FCGrizzliesGrad

Some numbers at the bottom of the list for D3

Southern Virginia with by far the smallest endowment of any school that responded with just under $2M. The next smallest was a Community College with $6M
Centenary (NJ) $16.3M
MCLA $18.1M
Lakeland $21.4M
Defiance $23.1M

Smallest endowment per full time student:
Southern Virginia $1,873
University of Wisconsin System (which includes all 8 WIAC schools and UW-Superior) $4,244
Ramapo $5,321
New England College $7,624
Oswego $8,332
For reference, MIT has the largest for D3 at almost $2.5M per student with the average being $220k and median over $64k.
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Ralph Turner

Quote from: Ron Boerger on February 23, 2022, 08:25:43 AM
The latest NACUBO endowment study is out, and like their counterparts elsewhere Division III schools had a good year.  It's important to note that this study reflects endowments as of June 30, 2021 and results taken after the recent drops in the stock market would not be nearly as rosy.  Average endowment size increased 35% to $1.1 billion, though that is top-weighted as the median increased to only $220 million, with more than half of endowments being under $250 million.  Only one school of the 700-plus respondents - Albright - reported a loss during the period, but two other D3s - Messiah and Curry - were also at the bottom of the list with gains under 6%.  At the other extreme, Wash U, with an endowment already among the top 25 colleges, saw its endowment skyrocket by over 60% to $13.5 billion.  In terms of endowment per student, MIT, Amherst and Williams rank in the top ten of all schools, followed immediately by Pomona, Swarthmore, and Grinnell.
I would like to see a graph showing endowment on one axis with years of existence on the other axis.

Gray Fox

Quote from: Ralph Turner on February 25, 2022, 03:16:06 PM
Quote from: Ron Boerger on February 23, 2022, 08:25:43 AM
The latest NACUBO endowment study is out, and like their counterparts elsewhere Division III schools had a good year.  It's important to note that this study reflects endowments as of June 30, 2021 and results taken after the recent drops in the stock market would not be nearly as rosy.  Average endowment size increased 35% to $1.1 billion, though that is top-weighted as the median increased to only $220 million, with more than half of endowments being under $250 million.  Only one school of the 700-plus respondents - Albright - reported a loss during the period, but two other D3s - Messiah and Curry - were also at the bottom of the list with gains under 6%.  At the other extreme, Wash U, with an endowment already among the top 25 colleges, saw its endowment skyrocket by over 60% to $13.5 billion.  In terms of endowment per student, MIT, Amherst and Williams rank in the top ten of all schools, followed immediately by Pomona, Swarthmore, and Grinnell.
I would like to see a graph showing endowment on one axis with years of existence on the other axis.
Great idea.
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Ron Boerger

The D3 Strategic Planning and Finance Committee approved several 2023 fiscal year budget recommendations from the Championships Committee - details here.   Some of the more significant changes:

  • increase in the per diem for all sports from $100 to $115
  • conference opponents will be separated to keep them from playing each other in the first round (team and individual sports)
  • bracket in women's ice hockey increases from 10 to 11
  • squad size/travel party for women's lacrosse increases by four
  • field size of men's outdoor track and field increases by two per event
  • Funds for video review for baseball and softball added
Also significant:  with the start of the 2025 fiscal year, Division III will see an overall 11% revenue increase due to the CBS/Turner Sports broadcast agreement (assuming the Power Five doesn't totally blow things up before then).

ADL70

Bill Regan new Managing Director of DIII. "Regan holds a bachelor's degree from Buffalo State College, a law degree from the University of Akron and a master's degree in sports administration from Canisius College."

https://twitter.com/NCAADIII/status/1545060018281598976?utm_source=D3Playbook&utm_campaign=c3024b5f80-EMAIL_CAMPAIGN_2022_07_11_12_04&utm_medium=email&utm_term=0_f4649c1bfa-c3024b5f80-419588257
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Ron Boerger

Name, image and likeness lawsuit targets college sports TV revenue dating back to 2016

USA Today - link not explicitly paywalled, try incognito if you get blocked

Excerpts:

QuoteAttorneys for the plaintiffs in a lawsuit against the NCAA and the nation's top college conferences that challenges the association's remaining rules regarding athletes' ability to make money from their names, images and likenesses reiterated in a filing Friday night that athletes are entitled to a share of the billions of dollars in college sports TV revenue not only now, but also reaching back to 2016.

The filing seeks to have the suit certified as a class action ... made clear that the plaintiffs are seeking what would likely be hundreds of millions of dollars in damages.

The largest shares of the damages are being sought for all current and former athletes in football, men's basketball and women's basketball who have received full athletic scholarships and play, or have played for a school in one of the Power Five conferences since June 15, 2016 ....

Damages also are being sought for athletes in all other NCAA Division I sports who were playing before July 1, 2021 and have been paid for the use of their name, image and likeness (NIL) since that date.

Needless to say, the possibility of the AA having to come up with (another) settlement potentially well in excess of the Bannon settlement, and likely impacting future revenue streams due to the precedent a favorable decision would set does not bode well for Division III (or other divisions sharing that pot). 

Gray Fox

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Dave 'd-mac' McHugh

Quote from: Ron Boerger on June 30, 2022, 10:22:19 AM

Also significant:  with the start of the 2025 fiscal year, Division III will see an overall 11% revenue increase due to the CBS/Turner Sports broadcast agreement (assuming the Power Five doesn't totally blow things up before then).

Something else to consider here ... the women's basketball tournament is entering it's first-ever bidding process for their event. That is also expected to bring in far more money which will end up helping DIII.

However ... costs and other factors keep working against DIII (including understandable expansion of tournaments) and that money is getting eaten alive.

DIII also plans to spend a bit more than it's budget in the coming years to bring down the reserves a tad which are believed to be too high. I need to look into this more as one of the things DI did that shot themselves in the foot prior to the pandemic starting was nearly eliminate their reserves. There was a concern that the reserves would be targeted by lawsuits and so they didn't want the money sitting there. It turns out, the lawsuits weren't allowed to go after the reserves ... DI then had NO money to speak of as a safety net when 2020 happened.
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jknezek

Looks like NJCU is in trouble... again.

https://www.pennlive.com/nation-world/2022/12/university-in-nj-to-lay-off-30-professors-eliminate-37-of-programs.html?fbclid=IwAR2p-dPpoezunx2BNoogAQl8x54JBIHEPP-puR8AGZaKXEJXX0EL3Pcto_8

Last week they announced they were cutting men's and women's golf, men's and women's tennis, and men's cross country, effective May 30, 2023. I guess when you drop from an enrollment of about 8000 to 6500 and anticipate only 4000-5000 going forward, and have a $23 million deficit, problems crop up.

I suspect the snowball is just starting to roll downhill for many of these colleges and universities.



Ryan Scott (Hoops Fan)


Lots of schools will be merging and rightsizing to deal with decreasing enrollments over the next decade.
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Ron Boerger

Quote from: jknezek on December 17, 2022, 05:56:22 PM
And piling on.... Birmingham Southern is in real trouble...

https://www.al.com/news/birmingham/2022/12/birmingham-southern-college-in-financial-distress-in-danger-of-closing-in-2023-lawmakers-say.html

Sadly (as the article states) not the first time B-SC has been down this road as they had a massive restructuring in the early 2000s that cut many programs, reduced faculty and other headcount, etc.  And now to say they immediately require $30M to remain in business next year and are asking for (demanding?) $7.5M from local government on top of that ... not good.