Started By
Message
0
Posted on 11/20/12 at 3:18 pm to Collins10
quote:and probably because yall are running a deficit in th AD currently
It's the yearly donation that the AD typically gives the university and is electing not to for 3 years.
Posted on 11/20/12 at 3:18 pm to Collins10
quote:
This isn't money that the university is giving to the Athletic Department- It's the yearly donation that the AD typically gives the university and is electing not to for 3 years.
Makes sense
Posted on 11/20/12 at 3:18 pm to ProjectP2294
When auburn announces their coaching search, it will be amended to this:
quote:
"Monetary concerns should not and will not be a factor when it comes to finding the right players to restore our proud tradition."
Posted on 11/20/12 at 3:19 pm to ProjectP2294
Damm, how much are they planning on paying Cutcliffe?
Posted on 11/20/12 at 3:21 pm to Heresaucer
quote:
Damm, how much are they planning on paying Cutcliffe?
Its Fulmer, and its not a coincidence that this follows the announcement that Hostess plans to continue production of twinkies...
Posted on 11/20/12 at 3:29 pm to DaleDenton
Doesn't UT athletics pay taxes etc. to the main system?
I heard it's really screwed up like the Athletic Department has to pay for services from the main system.
Since I read it on the internet it must be true!
I heard it's really screwed up like the Athletic Department has to pay for services from the main system.
Since I read it on the internet it must be true!
Posted on 11/20/12 at 3:32 pm to DaleDenton
I'm curious to know what morons (a) decided that Derek Dooley had ever done anything in his career to warrant a $5M buyout, and (b) decided that he was worth paying the whole $5M to without having his salary at his new job mitigate against it. At least Bama was smart enough to make sure that Shula's contract was worded in such a way that his salary in Jacksonville mitigated against the buyout, and Dooley by comparison makes Shula look like Vince Lombardi.
Don't tell me that was all on Hamilton. The AD is not authorized to approve that kind of new expense in a budget.
Don't tell me that was all on Hamilton. The AD is not authorized to approve that kind of new expense in a budget.
Posted on 11/20/12 at 3:35 pm to BamaGradinTn
quote:
that Shula's contract was worded in such a way that his salary in Jacksonville mitigated against the buyout
They all do this, not just bama
Posted on 11/20/12 at 3:45 pm to NYCAuburn
quote:
NYCAuburn
Tennessee Athletic Department receives $18M from university
quote:
that Shula's contract was worded in such a way that his salary in Jacksonville mitigated against the buyout
They all do this, not just bama
Actually, Knoxville doesn't have the market cornered on stupidity. Auburn paid Tuberville over $5M...half within 30 days of his departure and the other half within six months. Two lump sums...also no mitigation. If anyone at Auburn had two brain cells to rub together at the time Tuberville's contract was written, his Texas Tech salary would have mitigated a nice chunk of it.
What fools agreed to this?
This post was edited on 11/20/12 at 3:49 pm
Posted on 11/20/12 at 3:52 pm to BamaGradinTn
tubs situation on his contract was a little bit different, considering the scenario
Posted on 11/20/12 at 3:57 pm to DaleDenton
quote:
So your athletic department was broke and needed a loan from the University?
Tennessee = almost all college athletic departments
FIFY
Posted on 11/20/12 at 3:57 pm to NYCAuburn
So what is going on? Did they give them 18M or what?
Posted on 11/20/12 at 3:57 pm to volfan30
You volz owe more people money than the barn......That is amazing.
Posted on 11/20/12 at 3:58 pm to BamaGradinTn
quote:
I'm curious to know what morons (a) decided that Derek Dooley had ever done anything in his career to warrant a $5M buyout, and (b) decided that he was worth paying the whole $5M to without having his salary at his new job mitigate against it.
Posted on 11/20/12 at 4:00 pm to Crompdaddy8
Doesn't Tennessee still have two full Athletic Departments...one of men's sports and one for women's sports?
Posted on 11/20/12 at 4:03 pm to BlueIndian420
quote:
So what is going on? Did they give them 18M or what?
No, they are keeping 18mil over a three year period, that would normaly give to the university
Posted on 11/20/12 at 4:13 pm to Domination
quote:
I know that we dont owe 18M in buyouts, so any insight as to how that number was arrived at?
Prolly $9,000,000 for the buyouts & another $9,000,000 shortfall to cover bonds for upgrades to Neyland, TBA & operating expenses etc...
Damn...most SEC schools donate from the AD to the general fund...
Posted on 11/20/12 at 4:44 pm to volfan30
They relieved the AD of its obligation to give $6 million a year to the university for academic stuff. Should've been done a long time ago but good to see nonetheless
Posted on 11/20/12 at 4:46 pm to volfan30
poors lol
Page 2 of 3
Popular
Back to top
Follow SECRant for SEC Football News