Expressing an aim not to cut Arizonaβs sports or their coaches, UA President Robert Robbins instead says heβs focused on helping the schoolβs athletic department βbridge the gapβ until a potentially more lucrative future in the Big 12 Conference arrives.
Arizonaβs athletic department has still not repaid any of a $55 million internal loan from the school, Robbins told the Star after an Arizona Board of Regents meeting Thursday. The loan is being amortized over a 25-year period, so depending on the underlying interest rate, the athletic department could be on the hook to repay about $3 million to $4 million per year.
βYou canβt just cut it to the quick right now,β Robbins said. βYouβve got to do it over the course of years.β
UAβs athletic department is already paying about $10 million per year in debt service for capital projects, Robbins said, but he added that the $55 million loan was for athletics operations.
Robbins is now under pressure to resolve a $240 million university-wide miscalculation of projected cash on hand. During Arizona Board of Regents and UA Faculty Senate meetings earlier this month Robbins discussed the $55 million loan, saying at one point that the loan has not been repaid βfast enough.β
University of Arizona President Robert C. Robbins gives his βState of the Universityβ presentation to the Arizona Board of Regents Thursday after a tense meeting in which he was criticized by staff and students about the schoolβs βfinancial crisisβ.
βAthletics β itβs the same for everybody,β Robbins said. βHow do we generate enough revenue, increase ticket sales, increase contracts with people like Learfield for advertising, our Nike contract, all those kind of things. Philanthropy is really gonna have to kick in. And of course, weβre dependent on our media deal. Thatβs a big part of the budget.β
Arizona is expected to receive $31.7 million in media rights revenue in the Big 12 starting after its move in the 2024-25 academic year. Robbins said thatβs slightly more than UA is receiving now in the Pac-12. In 2021-22, the Pac-12 distributed $37 million per school in combined media rights and postseason revenue; while the Big 12 distributed $43 million combined per school.
βWeβre trying to bridge this gap in the transition to the Big 12 and get through those years,β Robbins said. βI think the commissioner (Brett Yormark) has got some very innovative ideas of how to grow the number even more than what weβve been promised.β
But without a significant increase in media rights dollars over the near future, UA is also focusing on reducing costs. Robbins said UA Athletic Director Dave Heeke and school CFO Lisa Rulney need to work on solutions, including hiring freezes and administrative cuts, but indicated sports and their coaches are off limits. (Heeke has not been available for comment).
βWeβll have to take a look at all of those things to see if there are any staff positions that would be cut, but weβre not cutting our coaches. You canβt do that,β Robbins said. The school is looking at βtransportation costs, food costs, 5980 (supplemental academic aid) costs. There are a lot of things and I think weβre going to look across the whole university.
βThe main thing is replenishing our reserves. Thatβs where Iβve been focused, and really tightening our belts and see what we can do in terms of being more efficient.β
Of UAβs $116 million in athletics-related expenses during 2021-22, according to its filing with the U.S. Department of Education, $19.6 million went to the head and assistant coaches for menβs sports while another $6.6 million went to womenβs head and assistant coaches. But UAβs coaches are under contracts for at least one year each and head coaches of major sports are under multi-year contracts approved by the regents.
This year, UA menβs basketball coach Tommy Lloyd is due $4.1 million, which includes $3.7 million in compensation from the UA; the remainder comes from agreements with athletic department partners Nike and Learfield. Head football coach Jedd Fisch is earning $3.25 million combined from all sources. The Wildcatsβ football success suggests he soon might have leverage for more. UA womenβs basketball coach Adia Barnes is under contract for $1.1 million.
Football and menβs basketball are the only of UAβs 23 sports that make money. According to the schoolβs U.S. Department of Education filing, the Arizona football team posted a net profit of $20.1 million in 2021-22 while menβs basketball cleared $11.1 million. Womenβs basketball lost $3.6 million while all other UA sports lost a combined $17.5 million.
βWe thought the future was gonna be brighter as a member of the Big 12. β¦ I think this is a very exciting deal for us.β β Arizona president Robert Robbins; Video by Justin Spears/Arizona Daily Star



