https://theosceola.com/fsu-to-slash-athletics-budget-by-20-percent/
Florida State has cut 25 full-time positions from athletics and the boosters and must slash 20 percent from the 2020-21 budget, athletics director David Coburn said in a statement on Friday.
FSU’s athletics budget in recent years has been between $105 million-$110 million, which means more than $21 million must be stripped away through salary cuts, travel expenses and other means. Head coaches have taken “significant salary reductions.”
According to the new documents, covering fiscal years ending June 30:
►The Big Ten brought in $781.5 million, which resulted in payouts of about $55.6 million to each of the 14-team conference’s 12 longest-standing members. Maryland and Rutgers received smaller revenue-share amounts, but both schools also received loans from the conference against future revenue shares.
►The 10-team Big 12 reported $439 million and payouts ranging from $38.2 million to $42 million.
►The Atlantic Coast reported $455.4 million (payouts from $27.6 million to $34 million across 14 schools, plus $6.8 million to Notre Dame).
►The Pac-12 reported $530.4 million (payouts of about $32.2 million per school). That figure that does not take into account the equity value of the Pac-12 Networks, the conference’s fully self-owned television and video content provider whose expenses help result in the conference passing less money to its member schools than the other conferences.
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