UNC Athletics Budget Shortfall Drops From $30M to $6M

Tabatha Wethal Headshot

The budget shortfall in the athletics department at the University of North Carolina at Chapel Hill is turning out to be millions less than projected last year amid the start of the COVID-19 pandemic.

About a year ago, athletic director Bubba Cunningham projected a loss in revenue of more than $30 million, a devastating figure to the 2020-21 fiscal year that school administrators initially feared, according to a Raleigh News & Observer report.

Cunningham told the News & Observer on Monday that the shortfall is actually less than $6 million. Cunningham and Rams Club executive director John Montgomery also penned a letter that was emailed to club members Monday.

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