Before UNLV president Len Jessup revealed that football fundraising efforts have ramped up recently for an on-campus facility, he said Thursday at an ad hoc committee meeting on athletics for the Nevada System of Higher Education that the school will have a budget deficit in the next fiscal year.
Thanks in large part to the Rebels receiving a $1 million payday for playing a game at Michigan last season, the school expects to finish the 2015-16 fiscal year June 30 with a surplus of about $500,000 in its athletics budget.
But with no guaranteed money game on UNLV’s 2016 football schedule and men’s basketball ticket sales down five percent from last year at this time, the school is projected to have a budget deficit between $1.