Wednesday was a sad day for Stanford Athletics. The school announced it is dropping 11 sports because of financial difficulties caused by COVID 19.
Officials announced they will drop men’s and women’s fencing, field hockey, men’s rowing, squash, synchronized swimming, men’s volleyball and wrestling. The school will also eliminate 20 support staffing positions.
Stanford announced a deficit of more than $25 million in the 2021 fiscal year. They also announced that they would have a shortfall of nearly $70 million over the next three years.
The school believes they will save in excess of $200 million by dropping 11 sports.
Several schools across the country of cut sports in recent weeks due to the pandemic and its believes Stanford is the first Power Five school to eliminate programs.
They did announce the contracts of the coaches in the 11 sports will be honored, as will the scholarships for more than 240 athletes that are affected by the cuts.
Stanford has one of the country’s largest athletic departments.