WSU regents pass plan to attack athletic department deficit
SPOKANE, Wash. (AP) — The Washington State University board of regents has approved a plan to reduce an athletic department deficit projected to reach $85.1 million in the next four years.
The board on Friday approved the Pullman-based university’s plan intended to halt the growth of the deficit by 2023, and eventually eliminate it in future years.
The deficit reduction plan was unveiled last week.
The plan relies on increasing revenue by 27 percent in five years while continuing to contain expenses. Athletic department officials could not say how long it would take to repay the university for the accumulated deficit.
Washington State already has the lowest annual operating expenses for athletics in the Pac-12 Conference, the school has said. It spends about $70 million a year on athletics.