Somewhere in Fayetteville, Arkansas, a college tennis player was told this week that their sport no longer exists. There would be no more practices, no tournaments, no national championship run.

Financial pressures in the post-House settlement era are reshaping college sports. Some schools are cutting Olympic programs entirely, while others are exploring private-equity investment as they ...

There's an old saying in coaching circles that you can throw all the money in the world at a football program and still lose every Saturday if the right people aren't making the right decisions.