In an era of big spending, the Nebraska Cornhuskers athletic department got some praise from an analyst on how things are going financially.
This era of college sports is an interesting one because of all the changes that have occurred in such a short period of time. Some of those changes are positive, some are negative and some are basically ticking time bombs for their respective schools. One analyst, Tony Altimore broke down what those bombs look like while also throwing some serious praise towards the Nebraska Cornhuskers.
Altimore recently took to Twitter to break down the dangers that several schools found themselves taking on crippling debt. Altimore explained more programs are taking on too much debt because of the “arms race” that’s been going on for a while now.
Altimore thinks there are far too many schools with far too much debt, however he gave a special shoutout to the Nebraska Cornhuskers and by extension, Athletic Director Trev Alberts. He even put the Huskers on his official “honor roll” for the way things are run at the school.
"“Give kudos to Nebraska: They are the ONLY public FBS athletic dept with NO subsidy from the school and NO athletic debt. That’s pretty impressive, Cornhusker friends!”"
Nebraska Cornhuskers stand alone
TOO MUCH ATHLETIC DEPARTMENT DEBT?
— Tony Altimore (@TJAltimore) May 29, 2023
(...and those without any!)
The wise @KnightAthletics folks have been warning us for years about the crippling rise in debt held by major athletic depts, fueled by a wild arms race in facilities.
Now, in fairness:
There are often… pic.twitter.com/KLQySQ0Y6o
Altimore landed on something that Husker fans have long took pride in when it comes to Nebraska’s athletic department. The AD’s office has long been a department that doesn’t need any funding from the state or the school.
Nebraska Cornhuskers alumni and boosters have managed to chip in enough money that the school doesn’t have to go into debt in order to carry out various projects, including stadium expansions and new practice facilities.
In an era where there isn’t much the Nebraska Cornhuskers are doing right on the field, seeing how they stand out from the pack when it comes to economic management is a bit of a shot in the arm.