Word: haas
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...CRIMSON learned last night from outside sources that an Overseer's committee, chaired by Henry W. Clark '23, has been preparing a report on the subject of the HAA's finances. This report, however, has not been submitted for approval and is still in the planning stages...
...HAA Director was quoted assaying that there are two things Harvard will offer an athlete: "A chance for the best education he can get anywhere, and a job at which he will have to work...
...second "milestone," according to Bingham, is a shift in the financing of the HAA. He explained that the burden of carrying the athletic program is going to be shifted in part from football receipts to the University budget...
Until now, the HAA has been budgeted on a self-sufficient basis. In the past three years, this has resulted in a $326,000 deficit. Now, according to the AP story, the University's "athletics are going to be put on a footing similar to its educational activities. That, Bingham hopes, will in time ease up the overpowering pressure for big games, big victories, and big gate receipts...
...This policy, if put into effect, would mean that the Faculty of Arts and Sciences, which now pays the HAA deficits, would be relieved of that burden; the University, either through this Faculty or some other agency, would provide at least part of the funds now raised through gate receipts, on a regular, instead of a deficit spending, basis...