Barry Alvarez credited good financial planning with helping the University of Wisconsin athletic department manage a revenue decline associated with the COVID-19 pandemic.
Alvarez, the UW athletic director, told an online meeting of the Athletic Board on Friday that the department is projecting a net revenue drop of at least $4 million to $5 million in this fiscal year.
The cancellation of the Big Ten Conference and NCAA men's basketball tournaments produced a negative impact, he said.
"Thanks to sound management of our finances over the years, we're well positioned to withstand a temporary decline in revenues," Alvarez said.