Michael Crow said that ASU "eliminated" the debt owed to it by its athletic department—listed by Sportico at more than $300 million—as a key element of its restructuring. Not entirely clear whether the debt was entirely forgiven or dealt with in another manner: "What's happened...— Chris Karpman (@ChrisKarpman) May 24, 2024
And with this, the era of absorbing Athletic Departments back into the main school funding has begun. I'm sure the students of ASU like to know their tuition just went to forgiving athletic debt.
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