AUSTIN, Texas (AP) — The economic blow of the coronavirus pandemic is hitting the biggest schools of college sports whether they’re planning to play football this fall or not.
Michigan and Texas announced financial cuts and dozens of layoffs in their respective athletic departments on Tuesday. Michigan is in the Big Ten which has postponed football this fall. Texas is the Big 12 which is still planning to play.
Michigan said its facing a shortfall of up to $100 million and laid off 21 employees. Texas cut 35 staff members and imposed salary reductions up to 15 percent.