The Bill for Canceling March Madness Has Arrived at the NCAA

The cancellation of March Madness because of the coronavirus pandemic has dealt a costly blow to college sports programs, the National Collegiate Athletic Association indicated on Thursday.

The NCAA said that financial distributions to Division I member institutions at the end of the 2019-20 academic year would be $225 million—just 37.5% of the expected $600 million amount. The reason for the big drop is the cancellation of winter and spring championships, especially the NCAA men’s basketball tournament, the organization’s…

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