University of Oklahoma cuts jobs in athletic department amid revenue sharing plans

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MARINES WILL BE THE KEYNOTE SPEAKER. THE CHANGING ECONOMICS OF COLLEGE SPORTS COULD BE COSTING JOBS AT OSU. THE UNIVERSITY’S ATHLETIC DEPARTMENT HAS CONFIRMED IT IS CUTTING 5% OF ITS WORKFORCE. THE LAYOFFS COME AS OSU AND OTHER SCHOOLS PLAN TO SHARE MILLIONS OF DOLLARS IN REVENUE WITH ITS STUDENT ATHLETES AT OSU. THEY SAY THAT THEY WILL SHARE MORE THAN $20 MILLION. IN A STATEMENT TO KOCO ASSOCIATE ATHLETIC DIRECTOR MIKE HOUCK SAID IN PART, QUOTE, IN TODAY’S DYNAMIC INTERCOLLEGIATE ATHLETICS ENVIRONMENT, IT IS ESSENTIAL WE CONTINUALLY CONSIDER HOW T

University of Oklahoma cuts jobs in athletic department amid revenue sharing plans

The University of Oklahoma’s athletic department is reducing its workforce by 5% as it prepares to share revenue with student athletes.

The University of Oklahoma’s athletic department is cutting 5% of its workforce as it plans to share millions of dollars in revenue with student athletes.>> Download the KOCO 5 app | Subscribe to KOCO 5’s YouTube channelThe layoffs come as OU and other schools plan to share revenue with the athletes. OU officials have already said they will share more than $20 million. Get the latest news stories of interest by clicking here.”OU Athletics’ long-held tradition of excellence requires us to think strategically on and off the stage of competition. In today’s dynamic intercollegiate athletics environment, it is essential we continually consider how to position ourselves for future and sustained success. For the last nine months, the athletics department has reduced significant costs as well as restructured and streamlined the organization to ensure resources are strategically reinvested in priority areas. Part of that work included a staffing review, resulting in a 5% force reduction. As always, OU Athletics will continue to pursue every avenue to strengthen all sports programs and create even more opportunities for student-athletes,” said Associate Athletic Director Mike Houck in a statement to KOCO 5.Top HeadlinesUPDATES: Severe storms possible Friday night after showers; more expected over holiday weekendBilly Joel cancels upcoming tour due to neurological disorderMeet Carolyn, the Texas woman celebrating being cancer-free after 21 years of chemotherapy‘Epic proposal!’: Couple gets engaged as tornado touches down in ArnettCommunity leaders to speak out against police response that led to over 150 arrests at OKC event

The University of Oklahoma’s athletic department is cutting 5% of its workforce as it plans to share millions of dollars in revenue with student athletes.

>> Download the KOCO 5 app | Subscribe to KOCO 5’s YouTube channel

The layoffs come as OU and other schools plan to share revenue with the athletes. OU officials have already said they will share more than $20 million.

Get the latest news stories of interest by clicking here.

“OU Athletics’ long-held tradition of excellence requires us to think strategically on and off the stage of competition. In today’s dynamic intercollegiate athletics environment, it is essential we continually consider how to position ourselves for future and sustained success. For the last nine months, the athletics department has reduced significant costs as well as restructured and streamlined the organization to ensure resources are strategically reinvested in priority areas. Part of that work included a staffing review, resulting in a 5% force reduction. As always, OU Athletics will continue to pursue every avenue to strengthen all sports programs and create even more opportunities for student-athletes,” said Associate Athletic Director Mike Houck in a statement to KOCO 5.


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