Major Assignment After reading the budget cuts Ohio State University made to its athletic department, you must now make similar decisions regarding your department. Unfortunately, you will have to cu

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Major Assignment

After reading the budget cuts Ohio State University made to its athletic department, you must now make similar decisions regarding your department.

Unfortunately, you will have to cut your budget by 20%. This will include you terminating at least one coach. You may also have to completely eliminate the sport. Please review the overall budget you submitted in Module 2. Reduce your budget by 20%. Submit the newly revised budget with your cuts highlighted in “red”.

Major Assignment After reading the budget cuts Ohio State University made to its athletic department, you must now make similar decisions regarding your department. Unfortunately, you will have to cu
Sep 23 ,20 20 O hio S ta te De partm en t o f A th let ic s an nou nce s d et ails of F Y 21 b ud get No r e d u ctio n s m ad e i n s tu den t-a th le te s e rv ic es , s u pp ort a n d r e so u rc es The O hio S ta te U niv e rs it y D ep artm ent o f A th le tic s t o d ay a n no unce d d eta ils o f an F Y 2 0 21 b ud get t h at in clu d es d ep artm ent- w id e b ud get c u ts , f u rlo ug hs a n d re d uctio ns in f o rc e , a n d f o cu se s o n m it ig atin g a p ro je cte d $ 10 7 m illio n d eficit a s a r e su lt o f t h e C O VID -1 9 p an d em ic . O hio S ta te ’s 3 6 -s p ort p ro g ra m w ill r e m ain in ta ct a n d s tu d ent- a th le te s w ill c o ntin ue t o h ave a f u lly f u nd ed g ra n t- in -a id p ro g ra m , s u p port s e rv ic e s, a n d re so urc e s in t h e $ 18 0 m illio n b ud get. “ O ur s tu d ent- a th le te s a re o ur p rim ary r e sp onsib ilit y ,” D ir e cto r o f A th le tic s G ene S m it h s a id . “ T he y h ave a n d w ill c o ntin u e t o c o m e fi rs t. W e h ave p ut t o g eth e r a r e sp onsib le a n d c o nse rv a tiv e b ud get f o r t h is fi sc a l y e ar, w hic h a ssu m es f u ll s u p port f o r o ur s tu d ent- a th le te s. In t h e m id st o f t h is d eva sta tin g p an d em ic , w e re m ain c o m mit te d t o p ro vid in g a s a fe a n d e xc e lle nt a ca d em ic a n d a th le tic e xp erie nce f o r a ll o f o ur s tu d ent- a th le te s.” C O VID -1 9 h as p ose d s ig nifi ca n t b ud geta ry c h alle ng es f o r t h e u niv e rs it y . N o str e am o f r e ve nue h as r e m ain e d u naffe cte d . T he u niv e rs it y ha s e ng ag ed in r ig oro us a n d r e sp onsib le fi sc a l p la n nin g in r e sp onse , in clu d in g a h ir in g p au se , tr a ve l f r e eze a n d o pera tio nal e ffi cie ncie s. T he F Y 21 a th le tic s b ud get e xc lu d es m ed ia r ig ht s r e ve nue t h at is s till t o b e dete rm in e d b y t h e B ig T e n C onfe re nce a n d it s t e le vis io n p artn e rs . Bud get c u ts w ere m ad e p rio r t o t h e s ta rt o f F Y 21 t h at r e aliz e d $ 5.6 m illio n in s a vin g s. S avin g s r e su lt e d f r o m im ple m enta tio n o f a h ir in g f r e eze , n o t fi llin g va ca n t p osit io ns, n o m erit in cre ase s, e lim in atio n o f t r a ve l, a p au se o n s o m e pla n ne d f a cilit y p ro je cts , a n d o pera tin g b ud get s p end in g r e str ic tio ns. W hile w ork o n t h e b ud get is o ng oin g , m ajo r e xp ense r e d uctio ns in clu d e $ 9.6 m illio n in s a vin g s t h ro ug h a s h o rt- te rm r e str u ctu re o n d eb t, $ 6.1 m illio n in c u ts fr o m s p orts ’ o pera tin g b ud gets , $ 4 m illio n o n a d m in is tr a tio n/s u p port u nit o pera tin g b ud gets , $ 3.4 m illio n in f o otb all g am e d ay e xp ense s, $ 3 m illio n in n o n-c o nfe re nce g am e g uara n te es a n d $ 3 m illio n in f a cilit y o pera tio ns. T he F Y 21 b ud get in clu d es $ 25 m illio n f o r s c h o la rs h ip s, $ 3.6 m illio n f o r stu d ent- a th le te a ca d em ic s u p port, $ 3 m illio n f o r m eals , r e fu e lin g s ta tio ns a n d n utr it io n, a n d $ 1.8 m illio n f o r s p orts m ed ic in e a n d s p orts p sy c h o lo g y s e rv ic e s. P ers o nne l r e la te d a d ju stm ents b ase d o n f u rlo ug hs , s a la ry c u ts a n d r e d uctio ns in f o rc e w ill s a ve a n a d dit io nal $ 7 m illio n. V ir tu ally e ve ry e m plo ye e in t h e d ep artm ent w ill b e a ffe cte d : 48 m em bers o f t h e a th le tic t r a in in g s ta ff a n d s tr e ng th a n d c o nd it io nin g sta ff w ill h ave a 5 -d ay in te rm it te nt f u rlo ug h, t o b e c o m ple te d b etw een O ct. 6 a n d J u ne 3 0 , 2 0 21; 2 13 s ta ff m em bers a re a ssig ne d t o a 1 0 -d ay in te rm it te nt f u rlo ug h, t o b e co m ple te d b etw een O ct. 6 a n d J u ne 3 0 , 2 0 21; 8 4 s ta ff m em bers w ill g o o n a 6 0 -d ay, c o ntin uo us f u rlo ug h or re d ep lo ym ent f r o m O ct. 9 t h ro ug h D ec. 3 1; 4 7 c o ntr a cte d s ta ff m em bers w ill b e a sk e d t o t a ke a v o lu nta ry , 5 p erc e nt sa la ry r e d uctio n b etw een O ct. 1 a n d J u ne 3 0 , 2 0 21; a n d A p erm an e nt r e d uctio n in f o rc e w ill e lim in ate 2 5 f u ll- tim e a th le tic s p osit io ns. T he f o ur s ta ff m em bers in t h e a th le tic s d ep artm ent’s S ports P sy c h o lo g y a n d W elln e ss S erv ic e s t e am w ill n o t b e f u rlo ug he d. The a th le tic s d ep artm ent is o ne o f a p pro xim ate ly 2 0 n atio nw id e t h at h as b een 10 0 p erc e nt s e lf – s u sta in in g a n d r e ce iv e s n o u niv e rs it y f u nd s, t a x d olla rs o r stu d ent f e es. T he p an d em ic h as im pacte d a ll s o urc e s o f r e ve nue in clu d in g tic k e t s a le s, w hic h a cco unts f o r $ 64 m illio n in r e ve nue , c o nce ssio ns, p ark in g , mark e tin g a n d m ed ia r ig hts , lic e nsin g , r o ya lt ie s, B ig T e n a n d N CAA dis tr ib utio ns, e nd ow m ent in co m e, d onatio ns a n d r e nta l a ctiv it ie s. R eve nue a ssu m ptio ns, t o ta lin g a p pro xim ate ly $ 73 m illio n in t h is F Y 21 b ud get, a re c o nse rv a tiv e a n d s u b je ct t o c h an g e. Ma jo r r e ve nue it e m s in clu d e: $ 28.6 m illio n, d eve lo pm ent; $ 13 .4 m illio n, N CAA a n d B ig T e n b ask e tb all t o urn am ents , a n d b ow l g am e dis tr ib utio n; $ 5.8 m illio n, IMG /L e arfi e ld p artn e rs h ip ; $ 4.6 m illio n, e nd ow m ent a n d in ve stm ent in co m e; $ 4.6 m illio n, O hio S ta te U niv e rs it y G olf C ours e ; $ 2 m illio n, t r a d em ark a n d lic e nsin g ; $ 1.7 m illio n, c a m ps a n d c lin ic s; a n d $ 1.1 m illio n, lim it e d h o m e m en’s b ask e tb all s e aso n. “L ik e o ur c o lle ag ue s in t h e B ig T e n, a n d a cro ss t h e c o untr y , in te rc o lle g ia te a th le tic s a t O hio S ta te w ill h ave t o s ig nifi ca n tly a d ju st a s t h e p an d em ic w ill h ave a lo ng -te rm im pact,” S m it h s a id . “ W e w ill im ple m ent a lo ng -te rm d eficit r e co ve ry p la n b ut w ill c o ntin ue t o f o cu s o n s e rv in g o ur s tu d ent- a th le te s a t t h e h ig he st le ve l.”

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