The University of Wisconsin athletic department has cut $26 million in expenses this fiscal year while revenue has plummeted compared to what was expected before the COVID-19 pandemic.
The savings, however, covers just more than a third of what the department is projecting to lose in revenue.
The net impact of the pandemic on the UW Athletics budget this school year is projected at $47 million, associate athletic director and chief financial officer Adam Barnes said Wednesday.
Barnes told the Athletic Board's Finance, Facilities and Operations Committee revenue losses compared to the pre-pandemic budget will be around $73 million.