California Golden Blogs · Jul 17, 2020
Cal Athletics drew nation’s second-largest deficit in 2018-19
Photo by David Madison/Getty ImagesThe California Golden Bears did not hit the mark during the 2018-19 athletic year, and vastly overspent, according to a report from USA Today Sports.
The company’s annual spending report focuses on college financial situations, accessing public records and reported spendings and revenue generated from every major university in the country. Though their chart features mainly just total revenue, total expenses, allocated funds and percentage of funds that were allocated, some quick math revealed just how big the gap between total revenue generated and total expenses from the Cal athletic department really was for 2018-19.