Big 12 To Slash Operating Budget By 10% Next Fiscal Year

The Big 12's FY '20-21 operating budget will be 10% "less than it was" for FY '19-20 after approval Thursday by the conference's BOD, according to Chuck Carlton of the DALLAS MORNING NEWS. Big 12 Commissioner Bob Bowlsby said, "It's just a recognition that we need to be prepared and that seemed like a logical first step." Carlton reports the conference on Friday will "announce its annual revenue distribution, which lately has been a high point for the conference." Bowlsby said that the Big 12 "was not forced to go into its cash reserves for this fiscal year to meet projections, expected to be near $40 million per school." Bowlsby also said that the group "revisited the May 22 action to open campuses June 15 for voluntary football workouts, July 1 for other fall athletes and July 15 for men’s and women’s basketball." Bowlsby: "There was no reconsideration of the June 15 date. Everybody was comfortable with that. Likewise with July 1" (DALLAS MORNING NEWS, 5/29).