Michigan athletic director Warde Manuel projects a $26.1 million deficit in the athletic department budget in fiscal year 2020-2021 because sports were suspended in mid-March and a large list of unknowns remain heading into the fall.
Manuel, citing the uncertainty of the upcoming football season and resumption of college athletics because of the COVID-19 pandemic that shut down on-campus activities three months ago, presented the budget Thursday morning to the University of Michigan Regents.