$22,000* per player for scholarships x minimum 30 on the roster = $660,000. Head coach, plus an assistant(s)? Trainer, unless pulled from another sport as a dual? Travel. Officials.
Ya, this is wasting, at bare minimum, $1M per year. Purely a guess, this will be close to $1.5M/year at minimum. We have other sports that would love the added resources to their budgets, facilities, etc.
* $22K for simple math