It’s a far less interesting place without the legendary Schmidly/Locksley partnership (read these posts if you haven’t just eaten); but, you know…

The shadow of your smile
When you are gone
Will color all my dreams…

The Locksley buyout and various Schmidly initiatives are gifts that keep giving… And of course when it comes to athletics in particular UNM continues really, really sordid, and things get worse and worse. Let’s quote a bit from a recent article:

In one of the poorest states in the nation, can UNM, which has only one of its 21 intercollegiate sports teams (men’s basketball) turning a profit each fiscal year, justify receiving well more than $2 million per year in state subsidies for athletics? Can it justify student fees totaling $4 million, a figure that has more than doubled in the past two years despite the objections of student representatives on campus?

The new Schmidly says uh I dunno… bad situation I guess but can’t do nuthin…

“The debt service continues to be a challenge for us,” [the athletic director] said, referring to paying down the $60 million renovation of the Pit four years ago. “The financial model was predicated on a naming gift…”

The perfectly named Pit is the basketball stadium. The morons who run UNM promised up and down they’d get some bank or pizza parlor to buy naming rights, only it didn’t happen…

I mean, the financial model?? What a great way to put it. This might be more accurate: I and the idiots with whom I play golf figured we might get the funding if we told everyone

UNM students paid $1.9 million in fees for athletics in 2011-12, with a majority earmarked at covering the costs of student admission to sporting events.

Then, despite the objections of undergraduate and graduate student representatives, came significant increases in those fees. In 2012-13 the students paid $3.2 million and that figure was right at $4 million this past year (2013-14).

“Student fees have been a godsend for us the last couple years. But we, historically, have been on the real low end, and now we’re probably right in the middle,” Krebs said. “But I think there’s a limit to what you can put on the backs of the students.”

In 2012-13, six of the 10 other schools in the Mountain West Conference received more money from student fees than did UNM, as did nearby regional schools New Mexico State University and UTEP.

“I don’t see a huge increase in the student participation around fees, but I do think some nominal increases are probably in their future,” Frank said. “How fast and how much is something we’ll talk to the students about.”

The last fees went up without any talking to anyone. Students objected to them and the school said fuck you. Clearly student fees in years to come will be predicated on the same financial model.

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One Response to “Update, University of New Mexico”

  1. Derek Says:

    And note the subtle fiscal legerdemain going on here – the men’s basketball team is the only one on campus to make a profit. But even that is only because they are not charging the tens of millions on The Pit to the basketball account, where at least the bulk of that cost should go. My guess is that when they were selling the need for those upgrades, it wasn’t to improve the commencement ceremony experience. And so basketball makes money as long as we don’t look into the accounting tricks covering up that the single most onerous expense was undertaken for the purpose of men’s basketball.

    And I say all of this as a college sports fan, despite my misgivings.

    Dcat

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