I heard a rumor that the Athletic Department has decided to stop offering Fall, Winter & Spring sports banquets at the high school. It seems like a shame for this to happen. I can't understand why this would be the case.

Perhaps a budget cut back.

Well, I can't imagine that would be an excuse. They don't serve food. All it is is handing out letters, and awards. (Or in the case of a certain Jimmy, MCHS's biggest fan... the awarding of an honorary letterman's jacket...I cried that day, it was such a beautiful thing).
So, I'm sure that what you heard was just that....a rumor.
I can not believe they wouldn't have an awards night.

It is true. They didn't do a fall one either.

I thought the teams did individual banquets.

Laziness crept in when the Athletic Dept or boosters organized the awards ceremony and half the team members don't show up. Most teams do have their own banquet.

Well, when I worked there, we always had an awards night. I did all the work, and it really wasn't that hard to prepare for. Really. I can't imagine why they would stop.
Guess different people do things differently. But it is pretty sad that the athletes can't have that recognition any more. It's fun to be rewarded for a good job in front of everyone....not just your own teammates.