Pandemic fallout: NCAA slashes distribution by $375 million

The NCAA will distribute $225 million to its Division I members in June, a whopping $375 million less than had been budgeted after the coronavirus pandemic forced the cancellation of the big-money men’s basketball tournament. Ohio State President Michael Drake, chairman of the NCAA board of governors, said the association will undertake cost-cutting measures to be determined in the upcoming weeks."The association has prepared for a financial catastrophic event like the one we face now," Dr