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INTERCOLLEGIATE ATHLETICS – TWIN CITIESPresentation to the Board of Regents

Mark Coyle, Director of AthleticsRhonda McFarland, Deputy Director of Athletics

May 7-8, 2020

1

GUIDING PRINCIPLES

Student-Athlete Experience• Academically• Athletically• Socially• Return-to-Play

Sound Fiscal Management• Nimble response through

uncertain landscape

2

GUIDING PRINCIPLES

Intentional Communication with Stakeholders• 675 Student-athletes

• SAAC• Student-Athlete Town Hall

• 275 full-time staff• Multiple all-staff meetings• Frequent updates from unit directors and senior staff

• Golden Gopher Fund members & fans• Zoom meetings with coaches, athletic director• Ski-U-Home on GopherSports.com

3

REVENUE

• NCAA/Conference Distribution• Ticket Sales• Fundraising• Gopher Sports Properties• Miscellaneous

• Licensing• Concessions• Parking• Rentals

4

FY20 OPERATING BUDGET: $123M• Ranks eighth in the

Big Ten• 25 sport programs

• Ranks fourth in the Big Ten

• Implemented department-wide budget reductions in FY19/FY20

5

BUDGETINGFebruary 2020 –Forecasting $1M Surplus• Football ticket sales• Record pace fundraising

April 2020 –$4M deficit• Loss in NCAA distribution• Loss of rental revenue

• Multiple events cancelled

6

BUDGETINGMay 2020 – Working Toward a Balanced Budget• FY20 voluntary salary reductions

(head coaches / senior staff)• Hiring freeze• Spending freeze• Reduction in summer school expense• COVID-19 savings

• Travel• Events• Recruiting

7

April Special Board Meeting• $10M potential revenue

loss in FY21• $30M potential revenue

loss in FY21• $75M potential revenue

loss in FY21

BUDGETING

8

EXPENSE BUCKETS• Salaries and Benefits• Sport Operations

• 25 programs• Support Operations

• Internal Units• Athletic Medicine• Academic Support• Student-Athlete Development

• External Units• Ticket Office• Marketing & Communications• Digital and Social Media

9

SALARIES AND BENEFITS

• FY21 salary reductions in alignment with campus• FY21 hiring freeze• Reduction in internship / graduate assistant

program• Elimination of merit increase• Previous budget savings

• Three senior staff members have left, were not replaced

10

SPORT & SUPPORT OPERATIONS

• Targeting double-digit percent reduction in operating budget

• Regional non-conference scheduling• Competition opportunities• Reduction of operating budgets

• Travel budgets• Evaluating modes of transportation• Non-competition travel• Support staff in team traveling party• Overhead expenses

• Postponement of specialty events

11

QUESTIONS

12