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Trimming general fund support by much more than $200,000 would mean the university would seriously consider eliminating all sports at UNI because of lost revenue related to the loss of Division I status, Allen said in an interview with The Des Moines Register.
"I think we're pretty close to the edge of what we can cut and maintain competitiveness," he said.
Allen said deeper cuts would force UNI to eliminate enough programs that it would lose its Division I status. The school can cut one men's sport and two women's sports before losing its spot in the top division, he said.
Dannen said a magical March won't dispel the monetary realities of funding 17 sports programs on an annual budget of $11.8 million, especially as the Iowa Board of Regents asks universities to reduce or eliminate general fund subsidies to athletics.
"We could have run to the Final Four, and it would not have been an answer to the financial questions that exist," Dannen said. "Our fundraising is at record levels right now. And we certainly anticipate ticket sales to be at a record level when basketball starts. And there is some additional revenue that went along with the tournament appearance.
"But none of those things address the big picture, or solve anybody's financial woes."