Athletic directors around the country are taking serious looks at furloughs and pay reductions to make up for mammoth losses from lost revenue because of stoppages from coronavirus.
Major college athletics are big business, and football usually drives that economic engine. Now, in a time when college sports have indefinitely shut down, athletic departments all across the country are beginning to feel the crunch. It could get way worse if football is not played this fall because of the COVID-19 pandemic, which indefinitely shut down sports the last two months, from pee wees to pros.
Football has not been canceled, but there's talk that some schools could play in 2020, whereas others might not. The NCAA canceled its men's basketball tournament that brings in nearly $1 billion in revenue. Coupled with conference basketball tournaments getting canceled at the last minute, there was a huge shortfall in revenue this spring.
"News like this is not easy," West Virginia athletic director Shane Lyons said in a statement."I appreciate the understanding of our staff in these uncertain times. The COVID-19 pandemic has dealt us a financial situation that requires action, and our entire department will be affected as we work to minimize the effects and maintain a fiscally responsible operation."
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