This story was on the AP Wire recently.
Stanford's athletic department is projecting a $5 million loss in revenue over the next three years and is considering cutting staff and eliminating some sports teams, The Associated Press has learned.
The school is expected to decide in the next 30 to 60 days on staff cuts, a Stanford employee familiar with the budget issues told the AP on condition of anonymity because the person is not authorized to discuss the shortfall.
The person also said Tuesday it wasn't clear which teams, if any, would be considered for elimination - and it likely wouldn't be until next season so at the earliest in the fall.
"That's the last thing they want to consider. They don't want it to affect student-athletes," the person said, noting another department was looking to eliminate 50 positions from a staff of about 140. "We do have some serious budget problems. We're looking at other ways (to save)."
Reducing travel costs also was being discussed.
Stanford has 35 sports teams, 19 for women, 15 for men and one coed squad.