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Correct. The takeaway here is that Stanford, which... by FL_Irish
...(a) is rich as shit relative to most institutions of higher learning and (b) has based its entire athletic identity on excellence in a broad number of sports with unparalleled success, feels that it can no longer financially justify supporting that number of sports.
Other institutions that have fewer sports (but also less money), will reach similar conclusions and won’t have synchronized swimming to cut.
As an example, over 40 college tennis programs have already been cut since the pandemic hit.