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Texas athletic director Chris Del Conte. Photo: Tim Warner/Getty Images

Athletic departments are reeling from the loss of conference tournaments and March Madness revenues and could face a financial crisis in the coming months, especially if the football season is canceled.

Driving the news: More than 100 ADs at FBS universities were surveyed on their concerns, plans and goals in light of the coronavirus pandemic.

  • 89% listed academic progress among their top concerns in regard to their student-athletes over the next three months, followed by mental health (74%), lack of resources while off campus (53%) and sport performance (48%).
  • 75% listed donations among the most at-risk revenue streams, followed by ticket sales (74%), conference distributions (56%), NCAA distributions (51%), sponsorships (31%) and student fees (28%).
  • 67% listed a decrease in enrollment among the most likely outcomes of this crisis, followed by a slow down of the arms race as a result of greater overall frugality (53%) and a decrease in live fan interest for sporting events (53%).
  • 63% forecast a worst-case scenario in which their revenues drop by at least 20% during the 2020-21 school year.
  • 41% of Power Five ADs said they have a financial reserve in place that can be used for this type of crisis, compared to 26% of Group of Five ADs.
  • 40% approve or strongly approve the idea that high-earners should voluntarily offer to make a personal financial sacrifice; 15% disapprove or strongly disapprove.

What to watch: Iowa State just announced that nearly everyone in the athletic department will take a one-year, 10% pay cut, and that coaches will suspend all bonuses and incentives for one year. Expect more schools to follow.

  • "I've talked to many of my peers, and they want to do what we just did," said Iowa State AD Jamie Pollard.
  • "If this catches fire, you wouldn't want to be the coach who doesn't do something" Ohio University professor David Ridpath told USA Today.

Go deeper: Inside the world of college sports financing

Go deeper

59 mins ago - World

Maximum pressure campaign escalates with Fakhrizadeh killing

Photo: Fars News Agency via AP

The assassination of Mohsen Fakhrizadeh, the architect of Iran’s military nuclear program, is a new height in the maximum pressure campaign led by the Trump administration and the Netanyahu government against Iran.

Why it matters: It exceeds the capture of the Iranian nuclear archives by the Mossad, and the sabotage in the advanced centrifuge facility in Natanz.

Scoop: Biden weighs retired General Lloyd Austin for Pentagon chief

Lloyd Austin testifying before Congress in 2015. Photo: Chip Somodevilla/Getty Images

Joe Biden is considering retired four-star General Lloyd Austin as his nominee for defense secretary, adding him to a shortlist that includes Jeh Johnson, Tammy Duckworth and Michele Flournoy, two sources with direct knowledge of the decision-making tell Axios.

Why it matters: A nominee for Pentagon chief was noticeably absent when the president-elect rolled out his national security team Tuesday. Flournoy had been widely seen as the likely pick, but Axios is told other factors — race, experience, Biden's comfort level — have come into play.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: Supreme Court backs religious groups on New York COVID restrictions.
  3. World: Thailand, Philippines sign deal with AstraZeneca for vaccine.
  4. Economy: Safety nets to disappear in December Black Friday shopping across the U.S., in photosAmazon hires 1,400 workers a day throughout pandemic.
  5. Education: National standardized tests delayed until 2022.