The NCAA men's basketball tournament makes up more than 75% of the organization's annual revenue, so ever since March Madness was canceled, college administrators have been bracing for an economic gut punch.
Driving the news: The NCAA delivered the blow yesterday, announcing that it will distribute just $225 million to Division I conferences and schools for 2020 — less than half of the $600 million that had originally been budgeted.
Belarus is the only European country that is still playing soccer. Why? Because President Alexander Lukashenko, a man often referred to as "Europe's last dictator," said so.
Geography lesson: Belarus is a landlocked country in Eastern Europe bordered by Russia to the east, Ukraine to the south, Poland to the west and Lithuania and Latvia to the northwest.
Today should have been Opening Day, but like seemingly everything else in the world, those plans have been scrapped due to the coronavirus pandemic.
Why it matters: Football and basketball might be more popular sports, but the baseball season is perhaps the most engrained in American life, with the 162-game campaign providing a certain rhythm to the spring and summer months.
The world is hurting right now, and the sports industry is no exception. But the feeling that "we're all in this together" is very real at the moment and worth recognizing. Amid the darkness, there is light.
What they're saying: Joe McLean, a wealth manager for some of the NBA's biggest stars, tells Axios by email that "literally 100%" of his clients have inquired about how much they can afford to donate and the best places to direct the funds.
