WSU Athletics Will Cost $13.2 Million Loss in Fiscal 2015
PULLMAN, Wash. (AP) — The athletic department at Washington State University will run a deficit of more than $13 million for fiscal 2015, in part because of mandates by the Pacific-12 and NCAA and lower-than-projected television revenues.
Athletic Director Bill Moos announced the second straight year of losses on Tuesday.
Last year, WSU reported a $13.7 million deficit for fiscal year 2014.
The Spokesman-Review reports that WSU's athletic department spent $67.3 million in fiscal 2015, but had overall revenues of $54.1 million, creating a $13.2 million deficit.
Moos says the gap between revenues and expenses is effectively a loan the department takes from the university. Moos says it will be up to the new university president to decide when and how the athletic department will repay the school.