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NCAA slashes payouts to schools by $375 million in wake of coronarivus cancellations

By Steve BerkowitzUSA TODAYThe NCAA will reduce its direct distribution to Division I conferences and schools for 2020 by about $375 million to $225 million, the association announced Thursday. According to its 2020 Division I Revenue Distribution Plan document, the NCAA had been scheduled to distribute just under $600 million directly to conferences and schools from April 15 through June 10. That would have represented a 1.7% increase over the amount budgeted for 2019, but the actual distribution for 2019 ended up being $611 million, according to the association’s recently released audited financial statement.Read more on NewsOK.com

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