The NCAA was set to distribute $600 million to more than 120 schools. Now it’s doling out less than half that.
Both the men’s and women’s basketball NCAA tournaments, aka March Madness, were canceled due to the coronavirus pandemic, and the financial impact on many colleges will be massive.
Because many athletic programs are not profitable, the multimillion-dollar contributions from the NCAA helps many athletic departments operate. Women’s sports, which tend to turn a profit less often than men’s sports, could be impacted by this lack of financial distribution as well. Any cuts to women’s sports programs could be subject to Title IX, which protects participation and benefits of education programs from gender discrimination.According to the NCAA, the organization gave $222 million last year to be used for athletic scholarships and scholarship funds.
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