Budget Reducing Measures for Next Fiscal Year Announced

CORVALLIS -- Oregon State University Athletics has announced a series of budget-reducing measures for the 2021 fiscal year, with the aim of lessening the financial impact of the COVID-19 global pandemic, OSU Vice President and Director of Athletics Scott Barnes announced Wednesday.

"Across the world, we all are dealing with unprecedented challenges, which are requiring unprecedented and difficult decisions," Barnes said. "This is also true within OSU Athletics. Based on our current scenario planning, we have budget models that range from a shortfall of $8 million and up for the upcoming fiscal year. We have begun the process of identifying all the mitigation strategies that must take place.…