The Ivy League was the first athletic conference to respond to the COVID-19 pandemic by shutting down all athletic competition in March 2020, leaving many Spring schedules unfinished. The Fall 2020 schedule was cancelled in July, and winter sports were cancelled before Thanksgiving. Of the 357 men's basketball teams in Division I, only ten did not play; the Ivy League made up eight of those ten. By giving up its automatic qualifying bid to March Madness, the Ivy League forfeited at least $280,000 in NCAA basketball funds. As a consequence of the pandemic, an unprecedented number of student athletes in the Ivy League either transferred to other schools, or temporarily unenrolled in hopes of maintaining their eligibility to play post-pandemic. Some Ivy alumni expressed displeasure with the League's position. In February 2021 it was reported that Yale declined a multi-million dollar offer from alum Joseph Tsai to create a sequestered "bubble" for the lacrosse team.