October 31, 2014
RENO, Nev. (AP) - The athletic program at the University of Nevada is facing a $500,000 deficit.
Athletic Director Doug Knuth expects the department to fall $500,000 short of the break-even point when the books are closed on the 2013 fiscal year that ended on June 30.
Knuth tells the Reno Gazette-Journal the Wolf Pack program was on target to avoid a spending deficit for the second year in a row. But that changed when longtime football coach Chris Ault suddenly retired, resulting in a number of unanticipated expenses tied primarily to bringing in a new coaching staff.
The staff under first-year coach Brian Polian will make about $150,000 more than last year's coaches.
The department had run up a two-year deficit of $1.2 million before turning a $50,000 profit last fiscal year.