Financial Future: WSU Athletics 

WSU Athletic Budget to be Discussed at Board of Regents Meeting



Athletics Director Pat Chun confirmed a 10-year, $11 million deal in 2021.

GABRIELLE BOWMAN, Evergreen news co-editor

Last Friday, the Washington State Athletics fiscal year 2023 budget was submitted to the WSU Board of Regents, which is meeting Friday.

According to the Cougar Athletics – FY23 and FY24 Budget Adjustments and Financial Management Oversight slideshow and documents that were submitted, there will be four areas discussed.

Action item one is focused on the athletics budget adjustment and its approval for the fiscal year 2023. 

This action will explain the decrease in the Pac-12 Conference Revenue Distribution, how WSU Athletics Revenues are falling short of the projection, operational costs exceeding the approved budget, transactions in the athletics CFO role, fiscal year 2023 budget remediation, improved budget monitoring and financial accountability.

Action item two is focused on the athletics budget transfer for the fiscal year of 2023. In this action item, it presents the projected cumulative athletics deficit for the fiscal year 2023. 

Action item three will focus on the athletics budget approval for the fiscal year 2024.

The main focus of this item is to create a balanced budget for the upcoming year. According to the document, athletics will remain committed to managing operations to budget expectations to budget expectation and closely monitoring potential impacts on current and future year budgets. 

These items were submitted by Leslie Brunelli, Finance and Administration executive vice president and Athletic Director Pat Chun.

In the fiscal year 2022, WSU athletics reported a balanced budget which was the first balanced budget WSU had in athletics in over a decade, Chun said in a media webinar last Friday.

“Unfortunately, FY23 did not meet our expectations,” he said. 

In the webinar Chun also emphasized a sense of urgency with how the market has been the last year and is focused on making it to the finish line, he said.

Within the discussion, the current and future athletics budget action item four will discuss the delegation of authority to assign athletics media rights. 

The main focus of this action is to facilitate future revenue-sharing agreements with athletic conference partners. In order to do so it will be necessary for the university to execute a contract or series of contracts and agreements regarding the use of its athletic media rights.

This item was submitted by WSU President Kirk Schulz. 

All items will be discussed Friday at the Board of Regents meeting from 7 a.m. – 3:30 p.m.