Started By
Message
AU AD finances and Coaches Pay
Posted on 12/14/14 at 9:06 am
Posted on 12/14/14 at 9:06 am
Good article on al.com
LINK
Highlights:
Ran a deficit of about 900k this past year. First deficit in at least 9 years.
Our football staff was the 4th highest paid in the nation last year.
We owe former coaches 7.1 million through 2017 in buyouts.
We have 15 million in reserves in the AD so this is easily affordable.
We sold out all football and basketball games for the first time in a long time.
We are expecting to be in good shape (back in the black I assume) this upcoming year due to selling out everything.
Bottom line - We owe a lot and are going to be paying our current staff a lot, but are in great shape with a frickton of money that is purely athletic department money in reserves and may have record setting revenues coming in now with all football and basketball demand selling out everything.
LINK
Highlights:
Ran a deficit of about 900k this past year. First deficit in at least 9 years.
Our football staff was the 4th highest paid in the nation last year.
We owe former coaches 7.1 million through 2017 in buyouts.
We have 15 million in reserves in the AD so this is easily affordable.
We sold out all football and basketball games for the first time in a long time.
We are expecting to be in good shape (back in the black I assume) this upcoming year due to selling out everything.
Bottom line - We owe a lot and are going to be paying our current staff a lot, but are in great shape with a frickton of money that is purely athletic department money in reserves and may have record setting revenues coming in now with all football and basketball demand selling out everything.
7
Posted on 12/14/14 at 9:09 am to Tiger n Miami AU83
Athletics is a non profit that has reserves. I am not too worried about them losing money. Especially since all they really have to do to make that money back is increase student tickets 10$/year. Not like they won't sell out
Posted on 12/14/14 at 9:13 am to GenesChin
They oversell the student section as it is, so they're already making more money tgan they should be there.
Posted on 12/14/14 at 9:20 am to Mac5500
Don't forget the SEC Network money that the schools will start to get.
Posted on 12/14/14 at 9:26 am to Mac5500
quote:
They oversell the student section as it is, so they're already making more money tgan they should be there.
So you are saying there is excess demand for student tickets? Sounds like they should raise student ticket prices more than 10$ then.
Posted on 12/14/14 at 9:55 am to Tiger n Miami AU83
Poorly run Athletic Department. Jay Jacobs is a joke. He is the Les Miles of ADs.
Posted on 12/14/14 at 10:17 am to Tiger n Miami AU83
those al.com article comments are always top quality 
Posted on 12/14/14 at 10:22 am to GenesChin
quote:
So you are saying there is excess demand for student tickets? Sounds like they should raise student ticket prices more than 10$ then.
I'm saying if there were ever a need for us to have to evacuate quickly, it would be impossible to do. If you've seen the student section during a big game, we're packed in there like sardines.
Posted on 12/14/14 at 11:54 am to GenesChin
quote:
Sounds like they should raise student ticket prices more than 10$ then.
Student tickets are already $140 for the season. I think I remember them being $95 back in 2006.
Student Tickets
This post was edited on 12/14/14 at 11:56 am
Posted on 12/14/14 at 11:58 am to mckibaj
They were $110 when I started in 2011
Posted on 12/14/14 at 12:01 pm to Rig
quote:
They were $110 when I started in 2011
I think they were around the 75 mark back in 2000.
Posted on 12/14/14 at 12:32 pm to Tiger n Miami AU83
is the break down of that 7.1 million available?
Posted on 12/14/14 at 12:33 pm to Mac5500
quote:
m saying if there were ever a need for us to have to evacuate quickly, it would be impossible to do. If you've seen the student section during a big game, we're packed in there like sardines.
It's been like that since forever
Posted on 12/14/14 at 12:35 pm to Warfarer
Inflation is a beautiful thing
Posted on 12/14/14 at 12:38 pm to Rig
quote:
Inflation is a beautiful thing
back then our coaching staff probably cost us 3 million total a year though. The coaching arms race is what is driving the ticket costs now, when you have 10 million in coaches a year you have to bring in revenues to pay for them.
Posted on 12/14/14 at 1:08 pm to mckibaj
Paid $10 for a book of 4 home games plus the Iron Bowl in 1979.
The only thing that has risen at a higher rate of inflation than AU student ticket prices is AU tuition.
For my entire first year's tuition and student activity fees, I paid $600.
No, I didn't leave off a zero. 600 bucks
The only thing that has risen at a higher rate of inflation than AU student ticket prices is AU tuition.
For my entire first year's tuition and student activity fees, I paid $600.
No, I didn't leave off a zero. 600 bucks
Posted on 12/14/14 at 2:03 pm to FearlessFreep
quote:
For my entire first year's tuition and student activity fees, I paid $600.
Nothing personal, but I hate you now.
Posted on 12/14/14 at 3:21 pm to DoreonthePlains
Not necessary. I've got two kids in highschool now. The older one wants to attend Belmont, where tuition is currently $14,400 a semester.
Out of state for AU is only $700 less than that. What goes around, comes around.
Out of state for AU is only $700 less than that. What goes around, comes around.
Posted on 12/14/14 at 4:05 pm to Tiger n Miami AU83
The bottom line, if you hire coaches that excite the fan base, no matter the pay, you will get a ROI. We are junkies seeking the next high, Muschamps/Pearls of the world will most definitely open our wallets.
Posted on 12/14/14 at 4:10 pm to CaptainBrannigan
And you are the gonorrhea of forum posters, so I guess you and Jay are one and the same?
Page 1 of 2
Latest Auburn News
Popular
Back to top
Follow SECRant for SEC Football News