University of Hawaii at Manoa's Athletic Department Given Ultimatum to Balance Budget
The University of Hawaii have given their athletic department an ultimatum that they have to balance their books within three years or the University may be forced to take drastic action including possibly cutting teams to reduce spending expenses. Furthermore, over the next three years the department is only allowed to have a maximum debt ceiling of $1 million per fiscal year, meaning that the department needs to find immediate ways to reduce their deficit. Benjamin Kudo, the committee chairman for the Board of Regents Committee on Intercollegiate Athletics stated that the possibility of cutting one of the athletic teams "would be a last resort for us. Unfortunately, we're prepared to do it, if that's what's called for, because our primary purpose is to educate students."
