This is chilling. I dug into the document "Strengthening Competitive Excellence" and, in a nutshell, determined that LMU is cutting these sports because they anticipate larger costs for the remaining sports going forward. Due to NCAA changes and legal actions, it looks like D1 member institutions could be on the hook for:
Alston payments of up to $5980/year for student-athletes regardless of athletic aid.
NCAA proposals requiring minimum investments/educational trust funds in all student-athletes.
Lots of language regarding "quality of student-athlete experience". My interpretation is that if other schools in your conference have fully funded programs, then your programs must also be fully funded. The "savings" from cutting sports are just being put into surviving sports to keep pace with conference rivals.
The NCAA wants D1 member institutions to provide health care insurance to athletes for two years after graduation/leaving school and provide funds for up to a decade for degree completion for athletes that leave school and then wish to return at a later date.
Preparation for a potential court ruling that defines student-athletes as employees of the university. Student athletes may then be entitled to salary, benefits, retirement contributions, and union membership.
Loyola Marymount may be on the cutting edge here. The NCAA Transformation Committee, NCAA modernization proposals, court cases, etc. are going to make college sports far more expensive than a lot of institutions can afford. I wouldn't be surprised to see others make very similar moves. Track and XC are in the crosshairs because of their large rosters. I also wouldn't be surprised if walk-ons become a thing of the past if certain legal decisions are made. Schools will keep revenue producing and prestige sports plus just enough women's offerings to stay Title IX compliant.