College football conferences decide to push back their seasons due to COVID-19

These decisions will have a huge financial impact on participating universities who rely on income from these events.
2:42 | 07/12/20

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Transcript for College football conferences decide to push back their seasons due to COVID-19
football. Another power conference making an announcement about schedules and it leaves some marquee matchups on the sidelines. ABC's Alex Presha is here with more. Good morning to you, Alex. Reporter: Good morning, Eva. That's right, the pac-12 joining the big ten in only having in-conference games this fall. Maryland is in the big ten, already they've had nine student-athletes and staff test positive for the virus this month. They're in self-isolation. But it highlights some of the challenges these schools face. Touchdown, ou! Reporter: Due to the surge in cases of covid-19 across the country, this morning some college programs are calling a time-out. Touchdown, Penn state! Reporter: The pac-12 conference joining big ten, limiting to in-conference opponents. That is, if they return to the field at all. If you're going to shut down or other major health concerns, that way, if it's only in conference with one text message from the big ten office you can reach everybody. Reporter: With colleges and universities grappling with how to have students on campus this other conferences like the ivy league moving to eliminate their fall sports altogether for 2020 which will cause huge financial hits. This is a devastating financial impact on those independent schools and on schools from smaller conferences who look forward to one of those two of those games every year. Simply to help out on the bottom line. Reporter: College sports is a multibillion-dollar business. "Usa today" reporting at least $4.1 billion is at stake for the top five conferences in the NCAA. Just this week, Stanford, one of the wealthiest universities in the country, cut 11 sports programs due to the economic losses during the pandemic. The moves following reports of on-campus cases of covid-19 spiking. Roughly one-third of the roster at Clemson university tested positive. Lsu's football team seeing a similar spike. North Carolina, Kansas and Ohio state all pausing voluntary on-campus workouts. Ohio state also launching this online campaign. "Want a championship run in 2020? Then wear a mask." We'll see what the big 12, ACC and S.E.C. Do in the coming weeks. They cancelled the basketball tournament this past March. Now, some fans are pushing them to postpone football until spring of 2021. A lot of questions about sports. And what school is going to look like in the fall. Alex, thank you so much. Appreciate it.

This transcript has been automatically generated and may not be 100% accurate.

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