10:49 AM ET Ohio State’s athletic department is projecting a $107 million deficit for fiscal year 2021 because of the coronavirus pandemic, prompting department-wide budget cuts and the elimination of 25 full-time positions. The school will not eliminate any of its 36 varsity programs and will continue to fund all scholarships and athlete resources as part of a $180 million budget. The deficit for fiscal year 2021 does not include media rights revenue that will be determined by the Big Ten and its television partners. The Big Ten last week announced that a nine-game fall football season will begin the weekend of Oct. 23-24. Ohio State is set to open at home against Nebraska on Oct. 24. Ohio State projects to save $7 million from a combination of furloughs, salary reductions and the elimination of positions. Although “virtually every employee” will be impacted, according to a news release, Ohio State…
Continue Reading: Ohio State Buckeyes project 7M deficit for fiscal 2021
