Iowa Drops Four Sports
- Thread starter RobHowe
- Start date
Fryowa
Administrator
It's roster size and total number of scholarships rather than total sports. That's why you'll never see rowing go away. That roster is huge.
Seth53
Well-Known Member
The women's rowing program at Iowa is self-sustaining thanks to the enormous endowment some lady initially gave to/for it. They don't take a dime from Iowa as I recall.
Fryowa
Administrator
It's still a university sport sanctioned by the NCAA and they get scholarships. Title IX requires equal numbers of athletes and equal available scholarships between men and women.
Men's hockey and the Iowa bowling team would be examples of sports that aren't sanctioned and which don't fall under Title IX.
Just like how the football team is self sustaining and gets millions in donations every year, football players are still counted as participants under Title IX.
Motigerhawk
Well-Known Member
The world is going to be very interesting when this is over. How many companies will be working out of one floor of a building instead of the entire building due to recognizing the savings of having people work from home? What will be economic impact of that.
So many unknowns for everyone in the near future.
So many unknowns for everyone in the near future.
Yes, considered 2 different sports. That's why basically every D1 program has track - if you have men's and women's track, you basically have 4 sports, they don't take that many scholarships or facilities. Kind of shocking to see them drop that one for that reason alone.
okeefe4prez
Well-Known Member
Given the dearth of topics to write about, can you gin something up on how the death of all of these sports at the collegiate level is going to impact the US Olympic team? I have to think that for some sports college is a pretty big feeder to determine who the best are and to help identify who to put onto Olympic teams. Maybe that article already exists.
kicker22
Well-Known Member
Mind blowing. I had no idea. Always assumed it was just meets being held indoors with their own record books falling under track and field title.
RobHowe
Administrator
There are quite a few articles out there and I'm sure there will be more as sports are cut. Here's one:
https://www.startribune.com/stanford-sports-cuts-could-mean-big-loss-for-us-olympic-team/572193672/
Ree4
Well-Known Member
Lower demand for workspace = lower rent prices, good for everyone but the building owners. Likely would cause a drop in commercial and possibly residential value - results in less construction as well which would be a side effect.
okeefe4prez
Well-Known Member
The banks have mortgages on every one of those shiny buildings in major cities in the US. The insurance companies own chunks of that paper as well. Pension funds and insurance companies own equity stakes in a bunch of those buildings. The run rates on those things are decent, but no one's Excel file when they were building out the DCF model to come up with the purchase price could have possibly contemplated a 50% or more decrease in demand for Class A or Class B office space in major cities. The reverberations of massive foreclosures and a material price drop of those office towers is going to blow a monstrous hole in the balance sheets of banks, insurers and pension funds.
Residential real estate is going to vary widely by location. Every single person I keep in regular contact with who lives in Chicago, NYC or Minneapolis (aside from my brother in NYC) wants to move out. But I'm hearing anecdotally that places in the Chicago burbs are getting bidding wars - one buddy listed a place in the far north burbs and he had listed it in 2012 for a year and got 0 offers. He listed it a few weeks ago and got $30k over asking and $80k over what he had it listed for in 2012. In my area, every house that is move in ready and nice goes under contract within a week. Prices are up roughly 5-10% year over year.
We had a 15-20 year trend of "re-urbanization" (people ditching the suburbs for the city) that has been thrown into reverse instantaneously because now everyone with kids suddenly sees the value of safety, a yard, a spare bedroom and a home office. It's absolutely fucking nuts. I am soooooo glad I got out of the Chicago area when I did.
Ree4
Well-Known Member
Looks like we may need a bailout of the big banks once again...
okeefe4prez
Well-Known Member
It's already started in earnest. The shitpaper the Fed is buying is absolutely nuts and the only reason the stock market is so high. In any sane world, bonds for shit like airlines, cruise lines, even office buildings, should be trading at like 50 cents on the dollar, probably less, but the Fed is buying all that shit at par because in a free market, that shit would absolutely tank because of the lowered prospects. That, of course, starts a vicious cycle because the guys holding the shitpaper have to mark it down, then it screws their balance sheets, then they have a crisis. The Fed is pissing money onto this thing like it is a liquidity crisis, when I think in reality there is a looming solvency crisis on the horizon. The Fed does not have statutory authority to cure that shit. I really don't know the answer here. On one hand, it ain't American Airlines' fault that their business has fallen off by 90%, but on the other hand, why the F is the taxpayer or saver on the hook for shit hitting the fan?
Ree4
Well-Known Member
Hotel industry is another. A bailout now is much more warranted than in 2008. Back then the crisis was their own doing - driven by greed and profit. At least in this case it really wasn't their own doing. A capitalist would say let them fail, as somebody that rarely ever flies and has no interest/never been on a cruise, why should I foot the bill for them? Hell most of the cruise lines weren't incorporated in American so they can avoid paying Federal income taxes in the US. I have no qualms about letting them fail.
okeefe4prez
Well-Known Member
Yeah, but the shit the Fed has done to date isn't about protecting those sorts of industries, it is about protecting the bankers who have extended loans.
