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Every other consideration is secondary to Title IX. by hoomanbeing
If you don't have good Title IX numbers, the money situation is immaterial. A goodly number of the Pac-12 schools have WLax. It's used to get their Title IX numbers up. It is very difficult to add MLax if you already have a WLax team. I'm sure that if the Title IX numbers were there, USC and Stanford could readily afford to have varsity D-1 MLax teams.