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Auburn’s athletic department operated at a substantial loss during the 2021 fiscal year
Posted on 1/25/22 at 3:59 pm
Posted on 1/25/22 at 3:59 pm
quote:
Auburn University’s athletic department operated at a substantial loss during the 2021 fiscal year, according to a report from the Montgomery Advisor, which says that the athletic department finished the year with a $9.7 million deficit.
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Posted on 1/25/22 at 4:01 pm to PorkSammich
Gus’ buyout was absurd.
Posted on 1/25/22 at 4:01 pm to PorkSammich
Poors.
Posted on 1/25/22 at 4:02 pm to PorkSammich
quote:
Among the many causes for Auburn’s deficit, according to the Montgomery Advisor, are limited capacity and ticket sales at sporting events; firing head football coach Gus Malzahn and his staff, then hiring Bryan Harsin and his staff; and the pandemic.
Posted on 1/25/22 at 4:04 pm to PorkSammich
I would like to see every athletic departments books. No way Auburn is the only one.
Posted on 1/25/22 at 4:06 pm to Weagle25
quote:
This deficit came one year after Auburn operated at a $17.9 million profit
quote:
Due partly to the COVID-19 pandemic, the University of Arkansas athletic department reported a double-digit decline in revenue for the 2019-20 fiscal year. Still, the department came within $500,000 of breaking even.
Posted on 1/25/22 at 4:07 pm to LSBoosie
quote:
I would like to see every athletic departments books. No way Auburn is the only one.
Alabama operated at $9.6M Surplus - Tuscaloosa News
quote:
Alabama athletics operated at a $9.6 million surplus during the 2021 fiscal year but would have been in the red if not for a SEC-wide bailout of $23 million for each school, according to the annual report obtained by The Tuscaloosa News/USA TODAY through a public records request.
The Crimson Tide's operating revenue was $179.8 million during the 2021 fiscal year, which spanned from July 1, 2020 to June 30, 2021. Operating expenses were $170.2 million.
During the 2020 fiscal year, Alabama operated at a surplus of $16.14 million. The Crimson Tide brought in less money largely due to COVID-19, but it also managed to cut costs by about $3 million.
The SEC gave each member school a $23 million supplemental revenue distribution to help with the financial impact of the pandemic. It was a one-time advance based on projected revenue from a lucrative TV contract beginning in 2025.
Posted on 1/25/22 at 4:07 pm to LSBoosie
quote:
I would like to see every athletic departments books. No way Auburn is the only one.
This.
Posted on 1/25/22 at 4:08 pm to PorkSammich
Of course they did and wouldn't surprise me if the same happened with LSU
Both schools spend money like drunken sailors
Both schools spend money like drunken sailors
Posted on 1/25/22 at 4:10 pm to Weagle25
quote:
Among the many causes for Auburn’s deficit, according to the Montgomery Advisor, are limited capacity and ticket sales at sporting events; firing head football coach Gus Malzahn and his staff, then hiring Bryan Harsin and his staff; and the pandemic.
Makes sense. Would be hard to absorb that buyout regardless.
Posted on 1/25/22 at 4:10 pm to PorkSammich
Auburn paid coaches around $16 million to not coach at Auburn in 2021.
ETA: The highest approx buyouts.
Gus $13.4 million
Kevin Steele : $1.6 million
Chad Morris: $500,000
ETA: The highest approx buyouts.
Gus $13.4 million
Kevin Steele : $1.6 million
Chad Morris: $500,000
This post was edited on 1/25/22 at 4:14 pm
Posted on 1/25/22 at 4:11 pm to LSBoosie
Posted on 1/25/22 at 4:16 pm to Weagle25
quote:
are limited capacity and ticket sales at sporting events
Quick, someone start another “we pay $300 for regular season basketball tickets” thread because you have the smallest arena in the SEC.
Posted on 1/25/22 at 4:33 pm to Tuscaloosa
quote:
Dec 14, 2021 · Here are the Top 25 Most Valuable College Football Programs, courtesy of GoBankingRates: 1. Texas (Tie) – $147 1. Texas A&M (Tie) – $147M 3. Michigan – $139M 4. Alabama – $134M 5. Ohio State – $132M 6. Oklahoma – $129M 7. Georgia – $125M 8. Notre Dame $120M 9. Florida (Tie) – $117M 9. Auburn (Tie) – $117M 11. LSU – $114M 12. …
Looks like Auburn has a few bucks left in the mattress.
Posted on 1/25/22 at 5:06 pm to PorkSammich
And still had enough coin to beat Arkansas 
Posted on 1/25/22 at 5:08 pm to PorkSammich
Covid. Really simple. Auburn has reserves to cover it.
Posted on 1/25/22 at 5:11 pm to Auburn80
Wonder how much profit UGA would have had without COVID-19.
Damn..
Damn..
Posted on 1/25/22 at 5:19 pm to DaWGfan01
quote:
UGA ended up with a 21 million $surplus..
Last year.
Auburn showed a 18 million surplus in the same year
This post was edited on 1/25/22 at 5:20 pm
Posted on 1/25/22 at 5:30 pm to RD Dawg
quote:
Both schools spend money like drunken sailors
I wish we were spending it on recruits
Posted on 1/25/22 at 5:32 pm to SummerOfGeorge
quote:
The SEC gave each member school a $23 million supplemental revenue distribution to help with the financial impact of the pandemic. It was a one-time advance based on projected revenue from a lucrative TV contract beginning in 2025.
So the SEC just got a few hundred million lying around to spare? WTF?
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