Rumor is Cal Baseball Reinstated

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The nightmare may be is over..."There's no place like home(field)!"




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It's official:

http://newscenter.berkeley.edu...-to-continue-at-cal/

Great news!!! Kind of a bummer for my son's friend and other's that didn't sign with Cal in November, choosing to sign elsewhere because of the situation. I wonder how the NCAA will handle that? Will they allow some of these player's the opportunity to opt out, and honor their original commitment to Cal?

Good news for Cal for sure but that sounds like a ridiculous amount of money that had to be raised. I am surprised they were able to do it in economic times like these.

I have a question for the financial experts in the audience.

How would the 10 million dollars in donation likely work to support the program in perpetuity?

e.g., place the 10 million in a trust fund and assuming a modest 5% interest per year, that would be 500k per year to fund a baseball team which sounds like it ought to be more than enough. Would some of that amount have to be applied back toward the principal amount of 10 million to account for inflation etc.? Just curious how something like that might work.

I am very happy for the players, the school and the fans.

I just hope this doesn't become the model for other college administrators looking to raise funds!!