How much subsidy money does the Boise AD take to break even? Boise's AD runs on 33% subsidies. UNLV's runs on 39%. That's hardly the flex you think it is. https://sportsdata.usatoday.com/ncaa/finances
And yes, UNLV was offered in the second round, which is why the other MWC schools backed up that truck of money to keep UNLV . UNLV wasn't offered in the initial group because Nevada state law would have forced the issue to become public before the announcement.