Gets surprisingly candid and specific:
If we are unable to play sports this fall, the athletics department would incur approximately $40M in unfunded expenses in the next six months. I am working closely with President Wintersteen to find innovative contingency plans to address the difficult challenges presented if these projections become a reality. However, the truth is that there are significant financial impacts being felt across the university and the state that limit our options. The university's revenue loss for its educational fund for FY21 is more than $41 million. Since the start of COVID-19 through August 23, 2020, the university's revenue losses and costs are estimated to be an additional $73 million. Furthermore, state agencies, including the university and its departments, are not allowed to incur debt for operating expenses.
The financial impact we are facing stretches beyond our department and its employees. The ramifications would also be devastating for the state, university and local community. Many residents and area businesses rely upon our events for their economic survival.
In addition, the financial disruption caused by not having a football season would have an overwhelming negative impact on the safety and well-being of the 475 student-athletes we support. The revenue generated by the department is necessary to provide the academic, medical, nutritional and athletic support that is relied upon by our student-athletes.
This is why we are so committed to trying to find a solution to safely play college sports.