I could see university bondholders objecting, particularly

I could see university bondholders objecting, particularly
by Homeboy73 (2023-06-05 16:49:15)

In reply to: I'm sure that would be challenged at some point posted by jt

where the university bonds are not just general obligations, but are secured by the university’s athletic revenues. There are contracts with bondholders securing repayment, and those contracts would be impaired.

perhaps, but as the courts have said recently

the idea that a business owner can't pay his staff because he has other bills to pay won't fly.

I can't decide to not pay my assistant because I have to pay my rent, in other words.

The logical reply would be that the money needs to come from the school's end of the deal; if that means they need to cut some bloated staff, so be it.