The Pac-12 is planning an extensive loan program with the 2020 college football season in jeopardy, according to The Mercury News' Jon Wilner.
Each university would be eligible for an $83 million loan if the 2020 season is canceled, per Wilner. The loans would be set with a 3.75% interest rate over the next 10 years.
The slate of loans could help universities avoid major revenue shortfalls in 2020 and beyond. Football programs across the Pac-12 generate "in excess of $50 million dollars in ticket sales and media rights," each year.
“All loan capacity is being used for things besides athletics," a source told Wilner.