WSU Proposes Plan to Achieve Balance Athletic Budget by 2023

PULLMAN, Wash. (AP) — Leaders of Washington State University have released a plan to balance the Department of Athletics annual budget by 2023 and eventually retire long-term debt of more than $100 million. The school also reinforced its commitment to remain in the Pac-12. The plan will be presented during the WSU Board of Regents meeting, May 6 and 7. If approved, approximately $35.6 million in external financing would be issued as general university bonds to help cover revenue losses related to the COVID-19 pandemic. Washington State will also restore the university commitment to pay the annual Pac-12 affiliation fees of $2.4 million starting in fiscal 2023. No new student fees are being proposed in the plan.