The Pac-12 is planning a mammoth loan program that would provide relief for cash-strapped athletic departments in the event the college football season is canceled because of COVID-19, Jon Wilner of the Mercury News reports, citing internal documents and sources. The loan program would be large enough to cover that loss for each school, if needed.
The loan would provide a maximum of $83 million for each school at a rate of 3.75 percent over 10 years.
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Latest posts by News Feed (see all)
- As Pac-12 searches for media deal, one wonders what plans have been floated - March 24, 2023
- Beckwith: Pac-12 shouldn’t commit to tech companies but may not have choice - March 24, 2023
- Wetzel: Why the remaining Pac-12 schools should stick together - March 24, 2023