The world of college sports is changing rapidly
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00:00 I don't think it's news that Cal's athletic department has financial issues and has to
00:06 find ways to better its financial situation.
00:10 Now, a lot of that is going to come from donors, presumably, and I think Cal's doing a pretty
00:14 good job in that regard.
00:16 I don't know if that's going to be sufficient.
00:21 And the situation with the ACC, Cal sort of gave away some money.
00:26 My question, of course, is what if Cal had not gained membership in the ACC?
00:30 What situation would they be in in that case?
00:34 Hard to say, but it's hard to believe that it would have been a good situation.
00:39 I don't know about the finances and how all that works in an athletic department to give
00:43 any kind of concrete answer about what would or wouldn't happen, but I do know that it
00:49 costs a whole lot of money to run an athletic department and the revenue gained from football
00:54 and some from basketball typically are not enough to cover the cost.
00:58 Cal Central Campus has provided a lot of money to minimize the deficit, but I don't know
01:06 if that's going to continue to fly with the general population of Cal.
01:12 So we'll just have to see how this plays out.
01:14 A lot of things are going to change over the next five or ten years, so it could be a completely
01:18 different situation a decade from now.