NMSU to use federal relief funds to offset athletics COVID related shortfall

New Mexico State University Chancellor Dan Arvizu, left, and President John Floros, participate Wednesday, Oct. 3, in a 2018 NMSU Board of Regents Meeting where athletics funding and a large marketing study were discussed.

LAS CRUCES – After years of turning in a balanced athletic department budget, the New Mexico State athletics department needed some relief after a year of no home games or practices, no guarantee football games, consistent COVID-19 testing and constant uncertainty. 

Due to COVID-19, athletics director Mario Moccia’s department was projecting a $3.6 million shortfall for Fiscal Year 2021. The department’s original deficit of $9 million to main campus would have ballooned from 2.5 million to $6 million.

Fortunately, that relief came in the form of Higher Education Emergency Relief Funding from the federal government.

“It’s a tremendous shot in the arm to not have to be in that hole due to a lot of things outside of our control,” Moccia said. “We have balanced our budget in 11 of 12 years. I think we have sound financial practices in place to be able to continue to do that and we are $2.5 million away from having that paid off and that still remains a huge priority.”