Yeah - this kinda boggles my mind.
I know that they don't have a football team to drain donor attention, but Providence is a big as a minute neighborhood school of about 4,500 students with a just okay campus, a non-university arena that is not on campus, not a ton of academic juice (not that it's a bad school, but it's over 50% acceptance) and genrally not much juice.
I guess everything athletically they have is getting poured into the hoops team?