Hofstra Drops Football

From the New York Times

Hofstra University is announcing Thursday that it will drop its football program, a nod to the fiscal challenges facing Football Championship Series programs.
Hofstra becomes the second Colonial Athletic Association program to drop football in the past week; Northeastern University dropped its program in late November because of the financial commitment with little reward that comes with F.C.S. football, formerly known as Division I-AA.

Statement from the Hofstra president.

There's also a Q&A that includes this:

What has the attendance been?
In 2009, for example, the football program sold 172 season tickets, compared to 750 season tickets for men’s basketball. While student attendance at the average football game is about 500, basketball games draw an average of 900 students. We could not continue to justify the expense of football, compared to the benefits it brought to the University.