By Steve Berkowitz, USA TODAY:
The NCAA had $1.155 billion in total revenue for its 2021 fiscal year, as its finances returned to nearly normal conditions after the COVID-19 pandemic forced the cancelation of the 2020 Division I men’s basketball tournament, the association’s new audited financial statement shows.
But the statement, which the association released Wednesday, still shows the impacts of the pandemic, the association’s steps to manage those impacts and the potential for major problems if another surge in the virus affects this season’s basketball tournaments.
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