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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 9:55 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 12:32 pm to Tiger n Miami AU83
is the break down of that 7.1 million available?
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 2/3/17 at 4:40 pm to Tiger n Miami AU83
delete
This post was edited on 2/3/17 at 4:42 pm
Posted on 2/3/17 at 4:41 pm to Tiger n Miami AU83
Sell outs will be hard to come by if the wins aren't there
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