CEO says long-term trims needed but pledges to maintain 2020 funding to sports governing bodies and athletes in wake of Tokyo Games postponement

Facing a one-year delay to the Summer Olympics and an economy devastated by the coronavirus pandemic, the U.S. Olympic & Paralympic Committee plans to cut its budget 10-20% through 2024, CEO Sarah Hirshland said.

Since the USOPC’s current four-year budget tops $1 billion, those reductions could translate into up to $200 million or more in cuts by 2024.