The $7.5M predicted shortfall represents 7.3% of UA's last reported revenues of $102.3MGETTY IMAGES
Univ. of Arizona AD Dave Heeke in an open letter to boosters and fans "painted a bleak financial picture as the UA athletic department deals with the cancellation of spring sports and an uncertain fall," according to the ARIZONA DAILY STAR. Heeke wrote that he anticipates a loss of more than $7.5M in revenue this FY, which ends June 30, as a "result of Pac-12 and NCAA revenue losses, a lack of ticket sales and what he called 'a decline in other revenue projections.'" The $7.5M represents 7.3% of UA's last reported revenues of $102.3M. Heeke wrote that the athletic department will "follow the UA campus' lead when it comes to cost-cutting." Earlier this month, UA President Robert C. Robbins wrote that "'the full spectrum of options' are being discussed on campus, including hiring pauses, salary freezes and furloughs." Heeke also wrote that UA will "honor the scholarships of those senior student-athletes who opt to return next season, a cost of about $600,000." UA's athletic department reported an overall surplus of $16.5M in '18-19 based on revenues of $102.3M and expenses of $83.7M (ARIZONA DAILY STAR, 4/15).
