Interest Rates Fall Below 3%… For UConn Football

[CA Monk]

Dateline Storrs: Interest rates in UConn football plummeted below the 3% barrier today garnering coach Edsall a $20,000 performance bonus. What’s most amazing is that the poll was taken of current UConn football players. If interest rates get any lower the athletic department said they will drop football altogether; something most of their receivers are doing already.

(This is what happens to me when there’s not enough real SU football news)

 

[HtownOrange]

Excellent post!
If I understand you correctly, you are saying that UConn can get a ten year mortgage for $500,000,000.00 on their future at less than three percent.

UConn football can lose $50MM annually, as they already are doing, waste the mortgage, owe way more money, and reduce Husky fandom to zero. Edsall would be in for a huge bonus if he could accomplish this feat!

But how does this compare to the Rutgers deal? Even with B1G money, they lose about the same as UConn and have been doing so much longer. Besides, new estimates are that the B1G is losing over $50MM annually by paying Rutgers.