Yes, your points are valid (edit, see Bison Bison below; solid point). No, you should be concerned as you are subsidizing your athletics heavily on the back of the state and students relative to NDSU. You have a similar enrollment (insert online jokes here), and both are the premier universities in the state. That is a problem for you; subsidization % should be similar to NDSU. As you state, you pull hockey out, and my God it would be a disaster. You guys need to trim more from the non-hockey sports. Like drop football! (Yes, I do know you won't, but it would actually help!)