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"The Ohio State athletic department projects a $107 million deficit because of the COVID-19 pandemic in its fiscal year 2021 budget, the university announced Wednesday.
Ohio State said its 36-sport program, the largest in the country, "will remain intact" with scholarships fully funded as well as complete support services.
In what it termed a conservative estimate, Ohio State projects revenue of about $73 million in the fiscal year 2021 budget. It does not include media rights revenue, which is still to be determined by the Big Ten and its television partners. Last year, revenues exceeded $200 million.."
In the midst of this devastating pandemic, we remain committed to providing a safe and excellent academic and athletic experience for all of our student-athletes.”
Ohio State said its 36-sport program, the largest in the country, "will remain intact" with scholarships fully funded as well as complete support services.
In what it termed a conservative estimate, Ohio State projects revenue of about $73 million in the fiscal year 2021 budget. It does not include media rights revenue, which is still to be determined by the Big Ten and its television partners. Last year, revenues exceeded $200 million.."
In the midst of this devastating pandemic, we remain committed to providing a safe and excellent academic and athletic experience for all of our student-athletes.”
Ohio State athletics projects $107 million deficit in 2021 fiscal year
With projected deficit in the fiscal year, the athletic department plans to implement furloughs for employees and cut jobs, but maintain sports teams.
www.dispatch.com