Cal announced a brand new budget for the 2018 fiscal year last week. This is the budget for the entire university, beyond just the Athletics Department The Daily Cal has a nice summary article on this. I am sure CGB will cover this in depth more.
The article does include this one mention about Cal Athletics’ potential plan to reduce the budget deficit by $4.652 million per year.
Cal Athletics identifies various potential long-term strategies to raise revenues and reduce expenses, including “the relocation of track and soccer programs — if continued — to a different location and allowing the campus to construct residential housing at Edwards Stadium” and making “reductions in program scope” up to $8 million per year.