Nickels, Dimes, and Quarterbacks
UNIVERSITY SPENDING PER STUDENT
Average Division I or II student athlete: $21,000
Average UT student athlete: $210,000
Average UT nonathlete: $26,000
DEBT AND LOSSES
Cactus Cafe losses per year: *$33,000
Informal classes losses per year: *$53,000
Athletics program outstanding debt: $222,000,000
* Neither entity is allowed to carry any debt or reserves.
ESTIMATED SAVINGS FROM PROGRAM CLOSURES
Cactus Cafe/informal classes: $61,000 per year from ending subsidies
Athletics program: $25.9 million in released reserves
*Oops! The following correction ran in the April 9, 2010 issue: Due to editorial confusion, we mistakenly reported last week that the University of Texas was ending its football program (and all athletics programs), that the city of Austin would henceforth subsidize UT football, that several UT football players were transferring to other universities, and that Darrell K. Royal-Texas Memorial Stadium would be repurposed for academic functions and additional parking. We have since learned that we were mistaken. We apologize for any inconvenience and promise to never, ever, ever, make similar mistakes again – at least until April 1, 2011.