College sports were on a spending spree – and then the pandemic hit03:55
According to media reports, at least 60 Division 1 college sport teams were cut across 23 campuses. With football and basketball being big areas of revenue, critics point to unsustainable spending sprees leaving many without savings for a rainy day. “It was all based on a model that the revenue was going to continue to go up indefinitely,” says Kathy Deboer, executive director of the American Volleyball Coaches Association. NBC’s Erin McLaughlin has this week’s Sunday Spotlight.