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[QUOTE="IthacaMatt, post: 1036783, member: 405"]
Let me ask again - how in the world could the sports program have gotten $400M in the red?  Seriously, where was all that money supposedly spent?  We should have the best GD facilities in the ACC with that kind of dough.

I mean, Maryland was supposedly "only" $50M in debt, which caused them to change conferences.  I wonder where in the world such a figure came from.  We don't pay squat to Boeheim.  We built the Melo Center, we spruced up the locker rooms, but come on. I find that figure hard to believe.

Edit:  Excerpt from a Post-Standard article about a year ago:

According to the [URL='http://ope.ed.gov/athletics/InstDetails.aspx?756e697469643d31393634313326796561723d323031312673656172636843726974657269613d3331336435333739373236313633373537333635323035353665363937363635373237333639373437393236373236343734336433363266333932663332333033313333323033313330336133323336336133333339323035303464267264743d362f392f323031332031303a32363a333920504d']Equity in Athletics Data Analysis[/URL], Syracuse balances its athletics budget through an all-sources model using various resources including university support, restricted funds carry-over and reserve balances.

The latest numbers Syracuse supplied to the US Department of Education are for the reporting year that ran from July 1, 2011 through June 30, 2012 and show a profit of about $4.1 million.

Expenses: $69,187,052.
Revenue: $73,287,687.

"We're balancing, but it's always been a struggle," Gross said. "We do some creative things to keep the donors going that we won't have to depend as being as creative going forward now with the ACC. We have a little bit more solid base as far as the finances go. We feel really good about our budget this year."
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