Hawaii athletics expects $2M loss for fiscal year

HONOLULU (AP) - Hawaii's athletics director says the department expects to post a $2 million loss when the fiscal year ends June 30.

The Honolulu Star-Advertiser reported Wednesday (http://bit.ly/1heygUf ) that Athletics Director Ben Jay says he's trying to keep the deficit under $2 million but has some flexibility from Chancellor Tom Apple.

Football revenues were just over $900,000, coming in lower than expected after a one-win season. The 21-team, $33 million department has also had rising costs.

Apple had previously asked the athletic department to not run a deficit of more than $1 million for the next three years while it tries to get back to solvency. Apple made the comments one year ago while forgiving a $14.7 million deficit that had been built up by the department over 12 years.

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