Jan. 20, 2021
The University’s financial problems didn’t start with the coronavirus pandemic, but the health crisis has exacerbated the need for budget cutting, UNC’s top administrators are telling the campus community. They are sharing information about a...Read More
Jan. 14, 2021
The first time Dylan Sorensen attempted to break the world record, three people saw it: the timer, the videographer and an audience of one. Well, that isn’t exactly true. Since then, about 100,000 people have...Read More
Jan. 13, 2021
The University on Wednesday announced that it had identified a cluster of COVID-19 cases at Carmichael Residence Hall. A cluster is defined by the N.C. Department of Health and Human Services as five or more...Read More
Carolina athletics, facing projected revenue losses of $30 million to $52 million, has announced salary reductions for the higher paid coaches and staff and 15-day furloughs for others.
In a letter to the department, Athletics Director Bubba Cunningham said that starting Oct. 1, coaches and staff members making $200,000 or more will have their salaries reduced 20 percent, those making $100,000 to $200,000 will have theirs cut 10 percent, and those who make less than $100,000 will be furloughed. The salary cuts will be in effect through June 30, 2021.
“As you know, we already have cut our sport budgets by 10 percent for 2020-21, implemented a spending freeze, halted non-essential travel and left 17 full-time open positions in the department unfilled,” Cunningham wrote.
The department, which supports 28 varsity sports, makes money through ticket sales, sponsorship and television revenue, conference distributions and concessions sales.
UNC is scheduled to open the football season Sept. 12 at home. It plans to play games through September with no fans in attendance due to the COVID-19 pandemic.
Cunningham wrote that the reductions would not cover projected losses in revenue in 2020-21 and that the department would seek additional ways to “address our financial challenges and prepare for the future.”