I don't know the accuracy of this, but per the link below Wisconsin spends about $3.63m on women's basketball.
Interested in participating in a sports program at University of Wisconsin - Madison? Find out the average sports scholarship awarded to each student athlete, how well UW - Madison ranks for each sport, how much money is allocated to the sports team, and more.
www.collegefactual.com
Looking at nearby Big Ten programs you have:
Minnesota: $4.66 million
Michigan: $4.93 million
Michigan State: $4.85 million
Illinois: $4.99 million
Iowa: $5.97 million
Purdue: $4.58 million
I get that Wisconsin spends more on women's hockey and more on volleyball but the fact that they're basically throwing in the towel for women's basketball and spending far less than all other neighboring B1G programs is stunning. Especially considering the recent explosion of interest in women's basketball and the fact that fans will show up for women's sports if they start winning (volleyball sells out every match and women's basketball was top 5 in attendance in the late 90s/early 00s when they had NCAA tournament teams.)
If they could pull a decent coach and become a borderline top 25 program, they'll start drawing 8-10k fans per game and will generate a lot more revenue and buzz. Wisconsin should be one of the easiest schools to recruit to too--it's a great college town, has strong academics and is within a few hours of Chicago/Minnesota/Milwaukee. They've had a lot of in-state talent over the past decade too that's left the area (Arike Ogunbowale, KK Arnold, Megan Gustafson, McKenna Warnock, Lexi Donarski, and Allie Ziebell to name a few). Hiring Pingeton and not allocating any money for NIL just shows they don't care about the success of the program and it's a real shame.