The downhill trajectory of revenue for the University of New Mexico athletics claimed a major victim Thursday.
The Lobos men’s and women’s ski team, which won the school’s first NCAA national championship in 2004, will be discontinued, UNM announced Thursday afternoon, saving the university about $600,000 per fiscal year.
Warning signs of such a move have been in the works for some time since the athletic department posted a $1.54 million deficit last fiscal year.
“This is a very difficult decision to come to,” athletic director Paul Krebs said in a news release. “The University of New Mexico, as well as our entire state, is in very tough and challenging economic times. This is truly a last resort for us. Taking away opportunities from our student-athletes is never good. The members of our ski teams have been tremendous student-athletes.”