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BLOOMINGTON – IU reported reduced annual revenue to the NCAA for the first time in at least 15 years in 2020, a dip of more than $6.6 million from 2019.  That’s according to the athletic department’s annual financial report, obtained via records request by IndyStar. Member institutions are required to submit a copy of the report annually to the NCAA. Indiana’s latest report which covers the fiscal year from July 1, 2019-June 30, 2020 outlines the initial impact of the COVID-19 pandemic on bigtime college athletics. In many ways, however, it represents the tip of a much larger financial iceberg.  Among the biggest revenue reductions reflected in IU’s 2020 report were an $800,000-plus loss in ticket revenue, a dip of nearly $5.5 million in contributions and a loss approaching $3 million in NCAA distributions. That final number is a direct result of the canceled 2020 NCAA men’s basketball tournament, which forced the association to scale down membership distribution

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