Pandemic fallout: NCAA slashes distribution by $375 million

first_img Tags: Coronavirus/COVID-19/March Madness/NCAA/NCAA Tournament Associated Press FacebookTwitterLinkedInEmailThe NCAA will distribute $225 million to its Division I members in June.That is $375 million less than had been budgeted this year because the coronavirus outbreak forced the cancellation of the men’s basketball tournament.March Madness is among the biggest revenue producers for the NCAA and its schools.The NCAA says $50 million will come from its reserve fund. A $270 million event cancellation insurance policy will help pay the rest. Written by March 26, 2020 /Coronavirus (COVID-19) related news and sports stories, Sports News – Local Pandemic fallout: NCAA slashes distribution by $375 millionlast_img

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