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Oregon athletics projecting $55 million in losses in 2020-21, $8 million less than March

Oregon athletics projecting $55 million in losses in 2020-21, $8 million less than March
OregonLive.com
1 hr ago
James Crepea, oregonlive.com
© Randy L. Rasmussen/Randy L. Rasmussen/The Oregonian
University of Oregon athletic director Rob Mullens answers questions during a press conference.
EUGENE Oregon athletics’ final projections for the 2021 fiscal year call for a $55 million loss, an improvement of $8 million from two months ago.
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The latest financial projections for UO athletics, which call for $51 million in revenue and $106 million in expenses, are included in materials to be discussed by the university’s board of trustees during its meeting on Wednesday and Thursday. ....

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Oregon athletics projecting $55 million in losses in 2020-21, $8 million less than March

Oregon athletics projecting $55 million in losses in 2020-21, $8 million less than March
oregonlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oregonlive.com Daily Mail and Mail on Sunday newspapers.

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University of Oregon improperly transferred $5.8 million to shore up athletic budget

University of Oregon improperly transferred $5.8 million to shore up athletic budget
Updated Apr 30, 2021;
Posted Apr 30, 2021
The money was supposed to be set aside to pay off bonds used to finance Matthew Knight Arena, where the university s basketball teams plan. Leon Neuschwander for The Oregonian/OregonLive
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Amid a pandemic-caused financial crisis in its athletics department last year, the University of Oregon improperly borrowed $5.8 million from a bond reserve fund, money that was exclusively dedicated to paying off the bonds that paid for the school’s new basketball arena.
The university moved the money in June to shore up the athletic department’s finances as ticket revenue from sporting events virtually disappeared. ....

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Lawmakers considering bill allowing compensation for college athletes

Lawmakers considering bill allowing compensation for college athletes
SALEM, Oregon (KPTV) Oregon Senate President Peter Courtney is once again taking a shot at a bill that would allow college athletes to personally profit from the multimillion sports industry that is built around team programs and star athletes.
The hot-button issue has been controversial for years, but more recently, a handful of states have passed laws that overturn university and college rules banning athletes from receiving payments and gifts.
Courtney introduced the bill last year but it failed to go anywhere as Republican legislators walked out of the chambers in protest of a cap-and-trade bill. ....

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Proposed bill regarding name, image, likeness compensation for Oregon college athletes scheduled for first public hearing; University of Oregon, Oregon State support NIL, oppose current proposal

Proposed bill regarding name, image, likeness compensation for Oregon college athletes scheduled for first public hearing; University of Oregon, Oregon State support NIL, oppose current proposal
oregonlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oregonlive.com Daily Mail and Mail on Sunday newspapers.

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