Big 12 commissioner Bob Bowlsby says the conference is projecting large financial losses because of the cancellation of events in the wake of the coronavirus pandemic, and those losses could balloon if the virus' impact carries into football season.
"The canceled basketball championship games, it looks like it'll cost us about $6.6 million," Bowlsby said via teleconference Friday afternoon. "The NCAA board of governors just took action to distribute $225 million, as opposed to $600 million, so we would normally get about $24 million from that. Instead, I think that distribution is going to be around $10 million.