The NCAA experienced a $600 million drop in revenue for the 2020 fiscal year, new documents acquired by USA Today Sports show. It’s due largely in part to the cancelation of the 2020 Division I men’s basketball tournament and shows why the NCAA is pushing forward with the tournament this year.
It’s a drop of more than 50 percent in revenue compared to the 2019 numbers.
Why did NCAA lose $600 million?
Though it had $270 million from event cancelation insurance and spent about $473 million…
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