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Agostini said this arrangement was different to what he had experienced in his previous role as associate vice chancellor for budget and finance at the University of North Carolina at Chapel Hill.

Agostini said he did not have the lost income figures immediately available, but it’s money that could come in handy for an athletic department that has run up a $219.5-million deficit over the last six fiscal years.

“As many of you know, we have a fairly substantial financial challenge ahead of us,” Agostini said.

“That means that what you generate out of your facilities and your other revenue opportunities becomes really critical to your bottom line,” Agostini said.

In addressing Myers’ question, Agostini said the football and men’s basketball teams — with the women’s basketball team probably following suit — were moving toward a professional sports model in which media revenue is shared equally within conferences.