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On July 1, Joe Castiglione, Vice President of Intercollegiate Athletic Programs, announced OU Athletics’ estimated budget for the 2020-2021 academic year. As we have yet to realize the full impact of the COVID19 pandemic, we know in the immediate future there will be some significant changes to our budget; however, the core of what we do in providing necessary resources for our student-athletes must remain the same. Because of your vital support, we will continue our commitment to fund the best student-athlete experience and ensure Oklahoma remains an elite program. Now more than ever, we hope you know how thankful we are for your support. We simply can’t do this without you. |
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Update on OU Athletics' Budget for FY21
• An approximate $13.7M decrease in OU Athletics' 2020-2021 budget compared to 2019-2020 • 20% reduction for all sport and department budgets as well as other cost containment strategies • 10% reduction in salaries from staff members earning $1M and above • Additional expenses will be absorbed by the department to provide scholarships and other resources to seniors in spring sports who have elected to return to compete for a fifth year. |
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Many members have asked how they can further support OU Athletics during this time leading to the creation of the Sooner Relief Fund, an initiative focused on continuing the championship standard of developing our student-athletes and providing a world-class experience.
New benefits to Sooner Club members who contribute a tax-deductible gift to the Sooner Relief Fund will receive the following benefits:
• Tax Deductible
• 5 Championship Points per $100 – 5x the amount of gifts made towards priority seating
• A bonus credit of 2x the amount donated to be applied towards membership levels for 2020 and 2021 membership years. These bonus credits will be applied on top of any priority seating gifts and will not impact your home seating priority
Example – A $1,000 gift to the Sooner Relief Fund will receive a credit of $2,000 for 2020 and 2021 plus 50 Championship Points.
New benefits to Sooner Club members who contribute a tax-deductible gift to the Sooner Relief Fund will receive the following benefits:
• Tax Deductible
• 5 Championship Points per $100 – 5x the amount of gifts made towards priority seating
• A bonus credit of 2x the amount donated to be applied towards membership levels for 2020 and 2021 membership years. These bonus credits will be applied on top of any priority seating gifts and will not impact your home seating priority
Example – A $1,000 gift to the Sooner Relief Fund will receive a credit of $2,000 for 2020 and 2021 plus 50 Championship Points.
As we reflect on our past, through the good times and the tough times, we know that when Sooners come together – special things can happen. When we get through the other side of this pandemic, we will reflect and be proud that we stayed committed and together as one. We thank you for joining us in this commitment to uphold Oklahoma as an elite level program.
