I know this isn't close to the most important thing here, but I don't think fans OR the industry at large appreciate how massive these Trump/Elon higher education cuts are for higher education. Over time, these absolutely will have college athletics impacts, at big schools and small.
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I think the odds of this happening at scale are close to zero.
While smaller schools and programs will be hurt, the larger ones will just leverage it to distance from Title IX and invite private equity for funding.