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NO athletic director Trev Alberts said the university couldn't afford to keep football and wrestling in its move up from Division II to join the Division I Summit League, which doesn't sponsor the two sports. But an analysis of various financial statements and studies by "Outside the Lines" and economist Andy Schwarz shows discrepancies in UNO's numbers and raises questions about predictions that the university will fare better financially in Division I without the two programs.
Alberts, who was hired as athletic director two years ago, is a former All-American linebacker from the University of Nebraska-Lincoln. After three years in the NFL, he became a TV sports analyst and worked for ESPN until 2005.
Alberts, along with UNO Chancellor John Christensen and other university officials, turned down several requests by "Outside the Lines" to review the figures, and they declined to any answer questions about the university's decision.
"By choosing to make the jump to D-I without football, UNO has made their chance of success much lower," Schwarz said. "Whatever additional money and other benefits they will earn [in D-I] is less than they would likely earn if football were part of the D-I package, because they've understated the benefits of football and wrestling by about $1.5 million."
Forgetting about the revenue provided by athletes such as Dennis is just one of the economic oversights, said Schwarz, an antitrust economist and partner at OSKR, a firm in Emeryville, Calif., that specializes in economic analysis and expert witness testimony. Schwarz has conducted several studies of college sports finances and accounting.
In public statements, Alberts said the football program was losing $1.3 million a year. However, according to financial statements filed with the NCAA that "Outside the Lines" obtained through public records requests, the football program was short $50,500 in revenue, and the wrestling program was ahead by $143,000 for the 2009-10 fiscal year.
Where Alberts seems to be making his argument is by not counting the $1.2 million that the football program receives from student fees and direct funds from the university, according to the NCAA report.
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