WestCoastAggie
December 5th, 2017, 12:54 PM
Duer Sharp’s resignation as SWAC Commissioner last week (https://hbcugameday.com/2017/11/30/report-duer-sharp-resigning-swac-commissioner/), just two days before the conference championship game, seemed to have come out of nowhere. But as HBCU Gameday first reported last week, it appears more complicated than that.
HBCU Gameday has obtained exclusive access to a memo sent from the NCAA to each President in the SWAC that outlines a misuse of money by the conference office. The funds in question are from the Student-Athlete Opportunity Fund (SAOF) and were mismanaged over the course of several years. Funds from the SAOF are distributed directly to conference offices from the NCAA and then distributed to the eligible student-athletes at each conference institution.
Link to full article: https://hbcugameday.com/2017/12/04/ncaa-sends-swac-letter-over-fund-misuse/
I went ahead and added the most recent SWAC taxes I could find. It shows that the front office ran a deficit for that year.
Link to 2015 SWAC 990 Tax Form:
http://990s.foundationcenter.org/990_pdf_archive/640/640679979/640679979_201506_990.pdf
HBCU Gameday has obtained exclusive access to a memo sent from the NCAA to each President in the SWAC that outlines a misuse of money by the conference office. The funds in question are from the Student-Athlete Opportunity Fund (SAOF) and were mismanaged over the course of several years. Funds from the SAOF are distributed directly to conference offices from the NCAA and then distributed to the eligible student-athletes at each conference institution.
Link to full article: https://hbcugameday.com/2017/12/04/ncaa-sends-swac-letter-over-fund-misuse/
I went ahead and added the most recent SWAC taxes I could find. It shows that the front office ran a deficit for that year.
Link to 2015 SWAC 990 Tax Form:
http://990s.foundationcenter.org/990_pdf_archive/640/640679979/640679979_201506_990.pdf