In an article in The Christian Science Monitor, Victor Matheson, assistant professor of economics at the College of the Holy Cross, commented on Florida Gulf Coast University’s recent unexpected success in the NCAA’s March Madness basketball tournament. With 68 teams competing, many of them top-ranked national basketball programs, the Gulf Coast Gators won several upsets, including contests against Georgetown University and San Diego State, and was one of the final sixteen teams remaining.
The Florida school, which has raised its public profile considerably after rolling out its successful basketball team in front of many TV viewers, earned $250,000 per victory (they won three games), and must share those winnings with the other eight schools in the Atlantic Sun Conference. “They get those three tournament shares every year for six years,” explained Matheson. “That’s $3 million in the pocket of the Atlantic Sun Conference, when normally, they get their one automatic bid [and $250,000] every year and that’s it.”
Founded in 1997, Florida Gulf Coast University is a relatively new school and therefore boats a modest endowment of $50 million. While its basketball program may have won over some donors, Matheson contended that donations would likely go straight to the athletic program, not academics.
This ‘Holy Cross in the News’ item by David Cotrone ’13.
Working Writers Series Presents Author Nick KriegerSee More > 10/05/2014
Internationally Renowned Organist and Cornettist to Perform as Part of Chapel Artists SeriesSee More > 10/07/2014
Former NBA Player and Fall River Native to Speak at Holy CrossSee More > 10/25/2014
Craft Demonstrations by Refugee Artisans of WorcesterSee More >
‘Tesla’s removal of patent restrictions a boost for electric cars’
Worcester Business Journal
In an op-ed for the Worcester Business Journal, Christine Fimognari ’15 discusses a decision by Tesla, a manufacturer of electric cars, to remove patent restrictions in the...09/12/14
PayScale Ranks Holy Cross Among Liberal Arts Colleges by Salary Potential
The College of the Holy Cross ranked No. 18 among liberal arts colleges and No. 52 in overall private schools according to PayScale, which released its 2014-2015 College...09/04/14
‘Redesigned Holy Cross dining hall offers new options’
Worcester Telegram & Gazette
The Worcester Telegram & Gazette recently visited the College of the Holy Cross for the soft opening of the newly renovated Kimball Main Dining Hall, which will have its...