Look, college sports is in crisis if Congress does not act. Every week we're seeing another program being canceled. We are seeing a spending spiral that is bankrupting college athletic programs all across the country. Schools are losing millions. Many are losing tens of millions of dollars. They're canceling women's sports. They're canceling Olympic sports, track and field, tennis, and that is taking away opportunities. There are more than 500,000 college athletes in America. (00:36–00:41)
CLAIM
Asserts that schools are losing significant amounts of money.
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