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LSU Finances
Posted on 10/30/20 at 4:17 pm
Posted on 10/30/20 at 4:17 pm
$80 million this year. wow. I'm sure that's not going to be far off for many schools.
Orgeron is one of many athletic department employees taking a pay cut for next year as LSU struggles with budget deficits because of the coronavirus pandemic. The school said Thursday that it’s expecting an $80 million projected shortfall due to COVID-19 and is asking all coaches and employees that are on contracts to take a voluntary 5 percent pay cut as some staffers are being laid off.
“As part of this plan, coaches and other employees with contracts will be asked to voluntarily reduce their annual salary by 5% in 2021,” LSU said. “Athletics Director, Scott Woodward, Head Football Coach, Ed Orgeron, and others have already agreed to participate. In addition to this compensation reduction plan, the Department made the difficult but necessary decision to restructure certain functions and eliminate several positions.”
Orgeron is one of many athletic department employees taking a pay cut for next year as LSU struggles with budget deficits because of the coronavirus pandemic. The school said Thursday that it’s expecting an $80 million projected shortfall due to COVID-19 and is asking all coaches and employees that are on contracts to take a voluntary 5 percent pay cut as some staffers are being laid off.
“As part of this plan, coaches and other employees with contracts will be asked to voluntarily reduce their annual salary by 5% in 2021,” LSU said. “Athletics Director, Scott Woodward, Head Football Coach, Ed Orgeron, and others have already agreed to participate. In addition to this compensation reduction plan, the Department made the difficult but necessary decision to restructure certain functions and eliminate several positions.”
Posted on 10/30/20 at 4:19 pm to CorchJay
But herp derp HAYUL NAW. OUR BOYS AINT TAKIN NO BUS.
Posted on 10/30/20 at 4:30 pm to jangalang
AU should follow a similar stance. Any other "company" would do the same
Posted on 10/30/20 at 4:42 pm to CorchJay
quote:
AU should follow a similar stance. Any other "company" would do the same
We have been doing this for a while. We even did it before it was cool to do so.
quote:
the Department made the difficult but necessary decision to restructure certain functions and eliminate several positions.”
Posted on 10/30/20 at 4:51 pm to jangalang
. . . so the girls are walking their horses to school ?
both ways
both ways
This post was edited on 10/31/20 at 8:36 am
Posted on 10/30/20 at 5:11 pm to jangalang
I think most of that was the JJ hanger ons. Got rid of the dead weight just laying around he AD. And now brought in the proper yes people for the new AD.
Posted on 10/30/20 at 5:31 pm to CorchJay
I recall posts on the OT and other parts of this website discussing LSU’s financial instability outside of the athletic department. I’m sure their budget was stressed before the pandemic even hit
Posted on 10/30/20 at 6:52 pm to CorchJay
Me. LSu has always been the poors. I was banned for a month for telling them that once.
Posted on 10/30/20 at 11:14 pm to CorchJay
I said it a few years ago on the rant I believe. College football will eventually fail. Along with most other sports.
Posted on 10/31/20 at 8:11 am to CorchJay
quote:
Orgeron is one of many athletic department employees taking a pay cut for next year as LSU struggles with budget deficits because of the coronavirus pandemic. The school said Thursday that it’s expecting an $80 million projected shortfall due to COVID-19
This is a pet peeve of mine. Let’s get this straight, the coronavirus didn’t do shite to any business. The gov’t did. So, when looking to pin blame for things like closed businesses, increased suicide rates, and financially struggling sports programs, PLEASE lay blame where it actually resides.
Posted on 10/31/20 at 8:33 am to Aubie Spr96
I’m gonna be very depressed if we go back into a lockdown. My stocks, my livelihood, and maybe even my job may be even more negatively affected
This post was edited on 10/31/20 at 9:33 am
Posted on 10/31/20 at 9:50 am to jangalang
quote:
I’m gonna be very depressed if we go back into a lockdown. My stocks, my livelihood, and maybe even my job may be even more negatively affected
Yep. Refuse.
Posted on 10/31/20 at 11:08 am to Aubie Spr96
quote:
The gov’t did.
How so? We're getting hammered from the liberals for NOT being aggressive enough in shutting down businesses.
Posted on 10/31/20 at 11:10 am to jangalang
quote:
We have been doing this for a while. We even did it before it was cool to do so.
quote:
the Department made the difficult but necessary decision to restructure certain functions and eliminate several positions.”
True. Remember, AD Greene instituted a 10% budget cut across the board even before the COVID19 hit us.
Ummm. Did he foresee something before us?
Posted on 10/31/20 at 11:11 am to HailToTheChiz
The mask/lockdown people are all folks that have been working comfortably from home drinking booze and ordering shite from Amazon. The shutdown doesn’t mean anything to them.
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