[oldalum]

to the tune of $530 million. Lost revenue is $800 million, insurance is for $270 million. Until 2015 they had kept $500 million in savings to make up the remainder as self-insurance, but then decided to spend it because, well, no one had anticipated a pandemic. Seems like they were unclear about the concept of insurance. Wash Post article (paywall) As a result, the NCAA has to reduce its payout to conferences and schools this year from $600M to $225M. (I didn't put this as an Outside Topic because the reduced payout will presumably affect Stanford sports)

[oldalum]

to the tune of $530 million. Lost revenue is $800 million, insurance is for $270 million. Until 2015 they had kept $500 million in savings to make up the remainder as self-insurance, but then decided to spend it because, well, no one had anticipated a pandemic. Seems like they were unclear about the concept of insurance. Wash Post article (paywall) As a result, the NCAA has to reduce its payout to conferences and schools this year from $600M to $225M. (I didn't put this as an Outside Topic because the reduced payout will presumably affect Stanford sports)