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Pac-12 considering massive loan to help schools cover potential COVID-19 losses

With the possibility that college football may not be played this fall, many schools will need financial help to ensure that not only their football programs are unaffected, but that the rest of their sports survive as well. With that in mind, Jon Wilner of the San Jose Mercury News reports the Pac-12 is considering a massive, near $1 billion loan to help schools as needed.

Wilner reports the conference should have no problem obtaining a loan of that size because the remaining value of the TV contract, which runs through 2024, exceeds the value of what they’d need.