Unlike your logic, my logic is perfectly sound. I know our budget is about to be royally screwed. There is a place where our school could save a large chunk of money. I only profess to support the program if it is run in a manner that I deem to be financially responsible. I have never professed anything else. Wasting $85k is not financially responsible, so I won't support it.
So your logic is that since the $85k is not enough to cover the budget shortfall we should waste it anyways to be classy. Even if I bought your flawed logic that it is the proper and classy thing to do (which I don't) that still makes no sense. You don't save your way out of a big budget gap by ignoring all the little places where you could save it here and there. You find every little corner where you can save it, and $85k is a nice little corner.
When coaching candidates catch wind of the budget woes our AD is about to run into, people are going to wish we had an extra $85k laying around.
I can't wait until the school submits your plan to the legislature to close the subsidy gap: "We are going to win a lot of games in the NCAA tournament".
It's a one year charge off. So, how is that really saving money? Five years from now the fact that we paid Hewitt an extra 85k to go away in 2015 is meaningless to the conversation. You know how you can make that up? Take one guarantee game against a Duke or a UNC or a Kentucky instead of paying someone to come to the Patriot Center -- revenue saved, problem solved.
What isn't meaningless is the diminishing butts in the seats, nor is the 75/25 revenue sharing split and being shut out of the NCAA year after year -- that revenue gap just continues to grow.
If you want to know what most likely will happen given no other choice, Mason will cut 5 sports (mostly men) and reduce their budget down to a St. Louis level. That should make you really happy. But it's not going to make men's basketball any better, nor will it make our school look good to have to cut sports.