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Money matters: PSU faces serious financial crunch in athletics, and lots of hard questions

Penn State Athletics reported Wednesday that it faces a revenue shortfall of more than $70 million, causing AD Sandy Barbour to offer this dire outlook:

“Penn State Athletics as we know it is at risk.”

Penn State still needs to spend hundreds of millions of dollars to upgrade Beaver Stadium. The school has 31 varsity sports and a self-sustaining athletic department.

Is it feasible to keep 31 sports in this day and age after the coronavirus pandemic? Where will the money come for the overall athletic department, plus the Beaver Stadium upgrades.

Cory Giger weighs into these serious issues in this video.

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Written By

Cory Giger is a 15-year veteran of the Penn State beat and a journalist with 28 years of experience. He has won more than 100 state and national journalism awards during his career, plus he's a voter for the Heisman Trophy in football and Wooden Award in basketball.

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