LSU Athletics Finances Question

Supposedly we have a budget but absolutely no one knows what it is. So we know about as much as you in that regard.

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Supposedly we have a budget

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The budget was for buyouts, not for new hires according to The Advocate.

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Orgeron was given a limited budget to buy out his staff, multiple sources said, and Pelini's buyout would have taken up most of it.

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Also looks like they negotiated Pelini's buyout.

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Instead, LSU and Pelini agreed to a financial settlement in which Pelini will accept a one-time payment instead of the full liquidated damages in his contract, the school said in a statement. The exact amount was not detailed.

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Remember, the athletic budget has nothing to do with the academic side, other than some PR hit when the AD is spending like a drunken sailor while the academic side can't pay the light bill. I'm sure covid has taken a bite out of the LSU AD, but, if they really wanted to fire O, they could come up with the money. It's just hard to fire someone immediately after winning a national championship.

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I highly doubt we fixed our financial situation in a year with no revenue

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The athletic department has different finances than the school.

The thing from a few years ago was on the academic side and was mostly rhetoric and political posturing to get more funding from the state budget.

LSU athletics is completely separate from the university and does not receive any university funds. While Covid is certainly an issue to the budget, that’s true for all schools. LSU athletics and TAF have plenty of money and have revenues/profits in line with its SEC Big6 peers.

LSU Athletics are like the Vietnamese ----- No Tax!!!

I think there is a serious flaw in the article. 73.5M rev for what i assume is football. A&M’s today (reported be USA Today) is north of 200 M. It’s probably not very accurate to assume 130 M of A&M’s revenue was unrelated to football. That same article had Lsu at very respectable 10th ~158M for 18-19.

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This is not a shite post. I know that a few years ago it was discussed and quite frankly many were throwing crap at LSU about your poor financial situation. Has that improved?

I ask because it appears to have improved some just based on the fact that Pelini was given a fully guaranteed 3 year contract worth something like $4.5 million (that number is probably slightly off).

I’m not sure what other costs would be associated with letting the other coaches go but I’m assuming a few million?

Given that, the financial losses from this year due to COVID and other factors, what do you think your budget is for new offensive and defensive coordinators/staff? Just curious.

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Well in the spirit of the Christmas season, I will take your word that this isn't a troll post.

Obviously, LSU was down an estimated $80 million in Revenue this year due to COVID-19 (lost Ticket, concession, parking and merchandise sales). Concession revenues really popped last year as LSU allowed major Beer sales at the ball games (my wife would always grab 1 or 2, herself).

Now LSU's self imposed bowl ban is going to cost LSU to lose an estimated $8 million dollars. Given these buyouts, that lost bowl revenue could have covered this buyouts. Some LSU fans were wanting LSU to go ahead and un ban themselves and go play the bowl game and get the $ 8 million and see if these young team can keep getting better and get to 6-5.

I posted on TR and another LSU site No way. LSU finished the last 2 games with 50 scholarship players. These young men are gassed. No need to risk and injury, take the team culture that you finished with the last 2 games and build on that for next year.

So what is going to happen, well TAF supporters are going to have to come up with more donations and season ticket holders like myself are probably going to be asked to pay more for the seat License associated with season tickets. Just my theory.