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Barners losing money
Posted on 3/29/14 at 10:26 am
Posted on 3/29/14 at 10:26 am
Auburn University's athletics department reported a deficit of $865,994 for its 2013 fiscal year, according to the university's most recent NCAA financial report.
This marked the first time Auburn listed a deficit since AL.com began tracking college athletics financial data eight years ago. Auburn reported a surplus of $8.8 million in 2011-12, the year before Gene Chizik's disastrous final season as football coach.
Severance payments totaled $2.7 million in 2013, largely for Chizik and his staff after the Tigers went 3-9. Auburn Senior Associate Athletics Director Jack Smith said the athletics department drew upon a cash reserve of more than $15 million to cover last year's operating deficit. Alabama reported a $21.2 million surplus in 2013.
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This marked the first time Auburn listed a deficit since AL.com began tracking college athletics financial data eight years ago. Auburn reported a surplus of $8.8 million in 2011-12, the year before Gene Chizik's disastrous final season as football coach.
Severance payments totaled $2.7 million in 2013, largely for Chizik and his staff after the Tigers went 3-9. Auburn Senior Associate Athletics Director Jack Smith said the athletics department drew upon a cash reserve of more than $15 million to cover last year's operating deficit. Alabama reported a $21.2 million surplus in 2013.
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Posted on 3/29/14 at 10:29 am to Forrest Gump
Finally started counting all those prepaid debit cards they been passing out for years to their players.
Posted on 3/29/14 at 10:29 am to Forrest Gump
Keeping up with the Jones' can be expensive for poly-technical institutes.
This post was edited on 3/29/14 at 10:30 am
Posted on 3/29/14 at 10:29 am to Forrest Gump
Why barners?
Posted on 3/29/14 at 10:29 am to Forrest Gump
I knew exactly who wrote this article before clicking the link. I know he skews facts like a muddafucca a lot.
Posted on 3/29/14 at 10:31 am to Forrest Gump
On a cold and gray Opelika morn
A poor little baby child is born in the ghettooooo
A poor little baby child is born in the ghettooooo
Posted on 3/29/14 at 10:32 am to Forrest Gump
The melt, it continues!
Posted on 3/29/14 at 10:34 am to Forrest Gump
I am shamed... 
Posted on 3/29/14 at 10:52 am to Forrest Gump
auburn po
Posted on 3/29/14 at 10:58 am to Forrest Gump
Auburn also offering season tickets for 2014 only (non renewable) for only $350 and not requiring a donation. If I were an Arkansas or LSU fan, I would jump on this.
Not being able to renew this next year is because Alabama and Georgia, AU's biggest rivals will play at Jordan Hare in 2015.
LINK
Not being able to renew this next year is because Alabama and Georgia, AU's biggest rivals will play at Jordan Hare in 2015.
LINK
Posted on 3/29/14 at 10:59 am to Forrest Gump
It's a lose lose because your from Alabama
Posted on 3/29/14 at 11:04 am to Forrest Gump
quote:
Barners losing money
Really? Did you read the article?
quote:
Auburn University's athletics department reported a deficit of $865,994 for its 2013 fiscal year, according to the university's most recent NCAA financial report.
A single season deficit. I'd be curious to see why this was. Buyouts I presume. Which I'd gladly pay to have Bruce Pearl over Tony Barbee.
quote:
Auburn reported a surplus of $8.8 million in 2011-12, the year before Gene Chizik's disastrous final season as football coach.
Ran a surplus in 2012.
quote:
Auburn Senior Associate Athletics Director Jack Smith said the athletics department drew upon a cash reserve of more than $15 million to cover last year's operating deficit.
Took the loss out of a total athletic surplus of over $15 million. That leaves surplus monies in the athletic department of over $14 million dollars.
I had always recommended Bama's business school over Auburn's. Perhaps I need to rethink that.....
Posted on 3/29/14 at 11:14 am to Forrest Gump
What are we going to do?!?!?!?!?
Posted on 3/29/14 at 11:18 am to Forrest Gump
yellawood and some others gonna need to stroke some checks.
This is what happens when you combine a SHITTY 2012 season with firing the HC and having to pay him and his whole staff a raft of money.
Shitty season leads to fewer season tix sold. Gus will fix the season ticket sales issue.
This is what happens when you combine a SHITTY 2012 season with firing the HC and having to pay him and his whole staff a raft of money.
Shitty season leads to fewer season tix sold. Gus will fix the season ticket sales issue.
Posted on 3/29/14 at 11:39 am to Forrest Gump
You have to spend money to make money in this business. Everyone knows AU is trending up. Bama is in decline.
Posted on 3/29/14 at 11:41 am to Forrest Gump
No one saw this coming.. 
Posted on 3/29/14 at 12:13 pm to Forrest Gump
pathetic for a SEC athletic department to be losing money.
Posted on 3/29/14 at 2:53 pm to Forrest Gump
You don't go a couple years with the worst athletic department in the conference and make a whole lot of money from it..
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