Bronco Wrestler,
The KC Star articles that I read about the two contracts indicated that they would receive the money on an annual basis so it could not quite be done that way. I think you have about the exact percentage of the contracts that would be need to support the program, less than 10%. Maybe the percentage would be a little higher with the addition of a women's program.
Do you really think KU would need to spend $1 million upfront to start it? The Big 12 Athletic Director who replied to me did not state anything like that. He just said $600,000 a year in annual expenses. Of course revenue would lower the actual loss and maybe there would not even be a loss if we could build enough fan and media support. I think you would only be right about the $1 million if they needed some major facility renovation or upgrade that would require a big loan down payment and then annual loan service expense (principal and interest payments). I think they probably have the facilities already that could be utilized for a wrestling team.
I do know there would be some upfront costs for mats, uniforms, headgear, etc. I asked the AD for upfront costs but he did not give me that information. He answered me right away and since his school has had a team for many years, he may not have known what upfront costs would be. I have no idea either. Does anyone know who could itemize these upfront costs for us?