Getting your player ready...
The University of Colorado athletic department is facing a $7.5 million budget shortfall as it searches for a new director to replace Mike Bohn, who was forced to resign last month.
Responding to a request for athletic department budget records following Bohn’s ouster, finance officials told the Daily Camera they’re projecting a $7.5 million shortfall. CU’s fiscal year closes June 30.
Since 2006, the department has made roughly $9.8 million in severance payments or agreements with former employees.
All of the buyouts for fired coaches and their staff members — $8.88 million — have been paid, CU officials said. CU is buying out Bohn’s contract for $918,000.
Read more of the article at DailyCamera.com.
