The Centenary College Board of Trustees voted on Wednesday to reclassify their entire athletic department from Division 1 down to Division 3. They have been fielding athletic teams since 1894 and have been members of Division 1 since the NCAA started classifying teams. The main reason for this move of course is finances as many schools across the country are trying to cut back on costs as the economic crisis continues.
You can check out the press release from the university by clicking here and Baseball America has written a blog post about it which is available by clicking here.