The University of Cincinnati's soccer field. Courtesy: Katie Kapusta/Spectrum News 1 Cincy

With athletic departments reeling from the coronavirus fallout and bracing for a shortened — or even canceled — college football season, schools are taking drastic measures to protect themselves financially.

Driving the news: The University of Cincinnati cut men's soccer yesterday, which will save the school roughly $800,000 per year. The Bearcats have been competing in men's soccer since 1973.

  • It's the second major program to be discontinued since the start of the pandemic (Old Dominion wrestling), and the sad reality is that the cuts may have only just begun.

What they're saying: "I think now that Cincinnati just did it, watch the next month. They cleared the way for other people to do it. Cincinnati puts it on a different level," one FBS athletic director told Yahoo Sports' Pete Thamel.

  • "Athletic directors are using this as a reset," an industry source told Thamel. "Some athletic directors have been talking about cutting sports for three years and just looking for the right time."

The big picture: In a letter sent to NCAA president Mark Emmert and obtained by AP, commissioners of the AAC, Mountain West, MAC, Sun Belt and Conference USA (aka the "Group of Five") asked the NCAA to relax certain requirements for four years to provide "short-term relief."

  • Most notably, they asked for relief from the minimum number of sports a school must sponsor (NCAA rules require D-I schools to sponsor at least 16 varsity sports).

Go deeper: How the sports world is helping on coronavirus

Go deeper

Updated 1 hour ago - World

Trump admin: Jimmy Lai's arrest marks Beijing's "latest violation" on Hong Kong

Media tycoon Jimmy Lai at the Next Digital offices in Hong Kong in June. Photo: Anthony Wallace/AFP via Getty Images

National Security Adviser Robert O'Brien said in a statement Monday night the Trump administration is "deeply troubled" by the arrest of Hong Kong pro-democracy activist Jimmy Lai on suspicion of "collusion with foreign powers."

Why it matters: The arrest Monday of the most prominent person under the new national security law that gives Beijing more powers over the former British colony comes amid heightened tensions between the U.S. and China.

A big hiring pledge from New York CEOs

Illustration: Rebecca Zisser/Axios

Leaders of more than two dozen of the New York City area's largest employers — including JPMorgan Chase, Ernst & Young, IBM, McKinsey & Company and Accenture — aim to hire 100,000 low-income residents and people of color by 2030 and will help prep them for tech jobs.

Why it matters: As the city's economy has boomed, many New Yorkers have been left behind — particularly during the pandemic. The hiring initiative marks an unusual pact among firms, some of them competitors, to address systemic unemployment.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 20,004,254 — Total deaths: 733,929 — Total recoveries — 12,209,226Map.
  2. U.S.: Total confirmed cases as of 9:30 p.m. ET: 5,088,516 — Total deaths: 163,400 — Total recoveries: 1,670,755 — Total tests: 62,513,174Map.
  3. Politics: Trump claims he would have not called for Obama to resign over 160,000 virus deathsHouse will not hold votes until Sept. 14 unless stimulus deal is reached.
  4. Business: Richer Americans are more comfortable eating out.
  5. Public health: 5 states set single-day coronavirus case records last week — A dual coronavirus and flu threat is set to deliver a winter from hell.
  6. Sports: The cost of kids losing gym class — College football is on the brink.
  7. World: Europe's CDC recommends new restrictions amid "true resurgence in cases."