PULLMAN, Wash. — Leaders of Washington State University have released a plan to balance the Department of Athletics annual budget by 2023 and eventually retire long-term debt of more than $100 million.
The school also reinforced its commitment to remain in the Pac-12.
The plan will be presented during the WSU Board of Regents meeting, May 6 and 7.
If approved, approximately $35.6 million in external financing would be issued as general university bonds to help cover revenue losses related to the COVID-19 pandemic.
Washington State will also restore the university commitment to pay the annual Pac-12 affiliation fees of $2.4 million starting in fiscal 2023.
No new student fees are being proposed in the plan.
Cox Media Group