Lenses on Penn basketball’s expenses

There has been much talk in the past several years, particularly this season, about how much or little support Penn Athletics has received from the university.

It must be noted that the problem for Penn Athletics isn’t the inability to spend. According to data from the Office of Postsecondary Education, Penn’s annual expenses since 2004 – the start of Amy Gutmann’s presidency at Penn – average out to 30,644,364, the highest average in expenses in the Ivy League in that span:

Average Annual Athletics Expenses Since 2004

  1. Penn 30,644,364
  2. Yale 27,483,608
  3. Princeton 19,230,050
  4. Harvard 18,707,094
  5. Columbia 18,703,370
  6. Dartmouth 18,673,655
  7. Cornell 18,589,023
  8. Brown 15,175,837

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It's all about the Benjamins for Penn Basketball

 

Ben Franklin AQ 2One of the most august positions in world economics is held by Penn’s founder, Benjamin Franklin.  This is because besides being the consummate Penn Man —philosopher, humorist, inventor, publisher, Ambassador to France, politician, author, scientist and, of course, whoremaster — Big Ben’s portrait graces the front of the $100 bill.  As the Ivy basketball season winds down with Pennsylvania”s once equally august hoops program firmly in the cellar, Penn President Amy Gutmann should reach into her $9.6 billion endowment, pull out a hundy, and take note.

Read moreIt's all about the Benjamins for Penn Basketball