They must mean they’re going to disband athletics. Quick! Flee!
Deadspin wrote an article about the issues the Cal athletic department faces.
I will admit, it does have a great title. “The desperate future of Cal Athletics is here.” It’s been here for awhile people.
Also, sad Oski! No one likes sad Oski!
Let’s go through this article, piece-by-piece.
Right now, they owe $18 million per year, and that’s only on the interest payments. Once they start paying off the principal, that number will spike to $26 million annually and keep rising for a while.