Nebraska’s athletic department operated the past fiscal year in the red because of the COVID-19 pandemic. Athletic director Bill Moos provided the update while speaking with the Omaha World-Herald.

Moos says that Nebraska’s athletic department will be losing approximately $37 million because of the COVID-19 pandemic. That’s a little better than Moos had expected, as he told the World-Herald he was anticipating somewhere around $42 million.

Schools in the B1G like Nebraska suffered financially by the conference’s late decision to reinstate the college football season and limit attendance to only family of student-athletes and coaches in 2020. Other conferences allowed institutions to follow local and state guidelines to determine attendance policies.

The B1G also barred attendance at basketball games. Athletic departments were obviously hurt by the inability to sell tickets for the two biggest money-making sports in college athletics.

Right now, most schools in the B1G — and across the country — are planning to welcome fans back to their venues at 100% capacity. That should help some departments recover from the financial losses from 2020.

Per the World-Herald, the final number of Nebraska’s losses will come at the end of the fiscal year on June 30.