Good question, and people aren't going to like my answer, but if your goal is to slash spending I think you have to consider getting rid of some teams that cost money and only subtract from the bottom line. Now, personally I'd try to avoid doing that, but if you have long-term financial concerns, it would be irresponsible to not put that option on the table.
Now, before we get started, the new south end zone complex will bring in revenue that will offset the current losses. Not enough to offset $9 million lost in a postseason ban, but the revenue from the new suites and higher-priced ticket areas should push MU into the black for the 2020 fiscal year.
Now, as far as cutting expenses, if you're getting rid of teams, you likely have to start with men's teams because of Title IX laws. I'm not well versed in all the legal requirements, but if you start with the men's teams, what is expendable? Baseball? Golf? Wrestling? Wrestling is a such a great program at MU and it wouldn't make sense to get rid of your best championship contender. I wouldn't like to see MU get rid of baseball. So if you decide against that, then you have to trim expenses in other ways. You can't really reduce travel expenses. Teams have to get to games. You can't cut food for athletes. Maybe you start with staff around the athletics department - and Sterk already has. He hasn't replaced some key staffers who have left for other programs. Instead they've consolidated responsibilities.