Washington State Athletics Seeks Solvency by 2020
PULLMAN, Wash. (AP) — Leaders of Washington State University have come up with a plan to eventually eliminate athletics department deficits that reached approximately $13 million in each of the past two years.
The plan by school President Kirk Schulz and athletics director Bill Moos would see the department posting a surplus by 2020.
The Spokesman-Review says the fix includes having the school pick up some costs typically paid for by the athletic department, and the likely introduction of a student fee.
The athletic department posted shortfalls of approximately $13 million in fiscal years 2014 and 2015.
The plan presented in a letter to the WSU Board of Regents this week anticipates deficits until 2020, when the athletic department hopes to achieve a revenue surplus of $300,000.