Men's Basketball: Invitational costs add to Athletic Department’s budget deficit
Published: Friday, April 11, 2008
Last Modified: Friday, April 11, 2008, 11:04:25am
Dylan Scott / Staff Writer / ds783006@ohiou.edu
The Ohio men’s basketball program lost $55,000 in the inaugural College Basketball Invitational, whose organizers now face questions about the integrity of the tournament’s selection. Ohio was one of eight schools that paid $60,000 to host a first-round game in the College Basketball Invitational (CBI), which was organized by the Gazelle Group. The Bobcats triumphed over Brown University, 80-74, but in front of a crowd of 1,169 – the smallest crowd in The Convo all season by almost 1,000.
The CBI’s costs added to the Athletics Department’s $700,000 budget deficit. In addition to the $60,000 home game guarantee, Ohio paid $1,000 to host the game. After about $6,100 in “gate fees” were collected at the game, Ohio was left to figure out how it’d pay the remaining $55,000 it owed the Gazelle Group.The Ohio athletic department’s budget for this fiscal year is about $13.5 million.
It doesn't add up that Jim left WSU for a mess of a program at Ohio. Two thought come up. The first is that he had accomplished everything possible at WSU and was ready for a new challenge. The second being that he wanted to start Football here but was hamstrung by President Beggs and thus left for a new challenge. If the second scenario is the case then the great Dr. Beggs should be tarred and feathered for allowing him to leave.
The most likely scenario is a combo of all the above with the inclusion that Beggs himself has been "cock blocked" by the BOR.
Comment