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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

23 mins ago - Politics & Policy

Senate retirements could attract GOP troublemakers

Sen. Roy Blunt (R-Mo.). Photo: Jim Lo Scalzo/EPA/Bloomberg via Getty Images

Sen. Roy Blunt's retirement highlights the twin challenge facing Senate Republicans: finding good replacement candidates and avoiding a pathway for potential troublemakers to join their ranks.

Why it matters: While the midterm elections are supposed to be a boon to the party out of power, the recent run of retirements — which may not be over — is upending that assumption for the GOP in 2022.

Congressional diversity growing - slowly

Data: Brookings Institution and Pew Research Center; Note: No data on Native Americans in Congress before the 107th Congress; Chart: Danielle Alberti/Axios

The number of non-white senators and House members in the 535-seat Congress has been growing steadily in the past several decades — but representation largely lags behind the overall U.S. population.

Why it matters: Non-whites find it harder to break into the power system because of structural barriers such as the need to quit a job to campaign full time for office, as Axios reported in its latest Hard Truths Deep Dive.

Staff for retiring Senate Republicans a K Street prize

Illustration: Eniola Odetunde/Axios

The retirements of high-profile Senate Republicans mean a lot of experienced staffers will soon be seeking new jobs, and Washington lobbying and public affairs firms are eyeing a potential glut of top-notch talent.

Why it matters: Roy Blunt is the fifth Republican dealmaker in the Senate to announce his retirement next year. Staffers left behind who can navigate the upper chamber of Congress will be gold for the city’s influence industry.