CHARLOTTE, North Carolina - Central Intercollegiate Athletic Association (CIAA) has a $500K deficit. Officials say between ticket sales, a decline in sponsorships, and unexpected legal fees have caused the organization to go into the red. "We are trying to deal with legal issues and challenges," CIAA Board Chairman Dr. Mickey Burnim said. "Sometimes that involves payment and sometimes it involves legal fees for lawyers to work on things."
Burnim said to help with the budget gap, the board is requesting each CIAA school to give $25,000 to help the organization bounce back. This is the first time in recent history the CIAA had to lean on schools to fill the void.
"A solid majority of the board," Burnim said. "Felt that was the best approach to take in dealing with it."
The organization hopes other money it claims is due to them will help raise the rest of the money. "This economy is tough," Burnim said. "And so the board exercised its fiduciary responsibilities and see the conference through it."
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