Michigan athletic department projects deficit

Plainview Daily Herald
Michigan athletic department projects deficit
Michigan athletic department projects deficit

Caption Close The Latest on the effects of the coronavirus outbreak on sports around the world: Michigan's athletic department is projecting a $26.1 million deficit for the upcoming fiscal year. The school says in a news release it expects athletic department revenues to drop by more than $50 million for the fiscal year that starts July 1 because of the COVID-19 pandemic. For the current fiscal year, Michigan says it expects athletics to bring in $187.4 million, with expenses of $186.4 million. For the upcoming year, it's projecting revenue of $135.8 million and expenses of $161.9 million. Expenses are expected to drop in part because many coaches and other senior staff are taking 10% pay cuts,

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