The Courier Journal reports the NCAA faces serious financial issues due to the cancellation of the NCAA tournament. It’s likely to result in a reduction of the association’s scheduled distribution of $600 million to Division I schools, according to conferences athletic directors and administrators.
How much of a reduction is still being determined, and it will depend on the NCAA’s ability to tap into its reserves and borrow money. The NCAA has $250 to $275 million in business-interruption insurance connected to the tournament, the AD’s and administrators have been told, but it’s unclear how quickly that money would come to the NCAA – or how much.