The COVID-19 pandemic resulted in a financial exigency which threatens our continued ability to adequately support 24 intercollegiate athletics programs at the desired championship level. With the Big Ten Conference's postponement of fall competition on August 11, UI Athletics now projects lost revenue of approximately $100M and an overall deficit between $60-75M this fiscal year. A loss of this magnitude will take years to overcome. We have a plan to recover, but the journey will be challenging.
In that context, we are writing today with some extremely difficult news. In consultation with the Board of Regents, State of Iowa, we have made the decision to discontinue four of our varsity sports programs at the conclusion of the 2020-21 academic year: men's gymnastics, men's and women's swimming and diving, and men's tennis. Each of these teams will have the opportunity to compete in their upcoming 2020-21 seasons, should the circumstances surrounding COVID-19 permit, before they are discontinued at the varsity level.
Read the full announcement.
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