"You know moving forward, because of that conference revenue piece and some increased costs, we're going to end up being in the red for a couple of years until we get full funding from the conference.''
It would mark the first time that the self-sustaining athletic department has had to use an internal loan to cover operating expenses.
"As we project out, this year and next year are going to be the bad years, but then after that you start getting into the slight profit, if expenses and revenues hold,'' said Michael Szul, WVU's associate athletic director for business operations.
No loan was needed to cover the 2011-12 loss.
In addition to paying off the loans with interest to the university, there's also the repayment of a $5 million loan the Big 12 gave the athletic department when it left the Big East.
While WVU doesn't plan to stop athletic renovations, begin pay freezes or cuts, or lower operating expenses in the next few years, "there are things we would like to do that we're just going to have to wait a while,'' Parsons said.
Contributions to the athletic department in the 2011-12 fiscal year totaled $22.8 million while ticket sales were $21.6 million. Both figures were $4 million higher than the previous year. About $6 million in contributions came from two private, one-time donations earmarked for WVU's new basketball practice facility.
- The Associated Press