Tennessee’s Athletic Budget has $4M Deficit

The 2011-12 fiscal year has closed for the University of Tennessee department of athletics, and the department is reporting a $3.98 million deficit for the year. The department, which receives no public dollars from the state of Tennessee, took in $106,485,376 in revenues against an expense total of $110,466,652 during the last fiscal year.

To fund this deficit, the UT department of athletics has utilized a substantial portion of its reserve, reducing the amount in the fund to slightly less than $2 million dollars.