How much money does UT Ath Dep have?

#26
#26
IIRC Hart said we had like $11k in the bank at the end of the 2010 fiscal year. For a program like UT's that has a $100m budget that's a code orange (no pun intended) because the smallest budget overage would put us into the red. Fortunately we have a large and wealthy donor base and an AD that knows what he's doing so there's no reason to be in crisis mode.

Just another example of how Hamilton ran our athletic department into the ground. He loved spending money. At least we have something to show for all the $$ he was tossing around.
 
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#28
#28
DjCrenshaw said:
7 Skrillion dollars
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#30
#30
PermaVol said:
IIRC Hart said we had like $11k in the bank at the end of the 2010 fiscal year. For a program like UT's that has a $100m budget that's a code orange (no pun intended) because the smallest budget overage would put us into the red. Fortunately we have a large and wealthy donor base and an AD that knows what he's doing so there's no reason to be in crisis mode.

Just another example of how Hamilton ran our athletic department into the ground. He loved spending money. At least we have something to show for all the $$ he was tossing around.
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He was a bit of a cheap skate when it came to coaches, but their buyouts.... wooooo doggie.
 
#35
#35
I know UT has some of the highest donation requirements for season tickets in the SEC if I'm not mistaken
 
#39
#39
DjCrenshaw said:
I was listening to sports talk on my commute home, and if I am not mistaken Jimmy Hyams said that UT's Ath Department only has 5 million stashed away. Bammers on the other hand has stock pilled some 80 million on the back burner.

First off, is this a pretty accurate figure?

Secondly, does this mean we can't throw a whole bunch of money at a lot of coaches? I know the negavols will enjoy this, but would it hamper our ability to replace Dooley?

Lastly, what caused UT to be in that situation? Was it all of the renovations that Hammy put us up to, or is it all of the coaches' buyouts that we are involved with?
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SIAP, but Hyams was obviously referring to the money stashed by the Athletic Department in the 70s.
 
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#40
#40
DjCrenshaw said:
I was listening to sports talk on my commute home, and if I am not mistaken Jimmy Hyams said that UT's Ath Department only has 5 million stashed away. Bammers on the other hand has stock pilled some 80 million on the back burner.

First off, is this a pretty accurate figure?

Secondly, does this mean we can't throw a whole bunch of money at a lot of coaches? I know the negavols will enjoy this, but would it hamper our ability to replace Dooley?

Lastly, what caused UT to be in that situation? Was it all of the renovations that Hammy put us up to, or is it all of the coaches' buyouts that we are involved with?
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First of all, jimmy Hyams is an absolute dumbass and has no clue what he is talking about...secondly, UT athletic Dpt has ENOUGH...PERIOD.
 
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#41
#41
SpringBokVol said:
UT AD has most of its money tied up in buildings and future growth plans.

They have some cash on hand - not sure how much.

Money is not an issue for this AD - if they need it they know where to get it.
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They'll rob a Pilot. Well not literally anyway
 
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#43
#43
SpringBokVol said:
UT AD has most of its money tied up in buildings and future growth plans.

They have some cash on hand - not sure how much.

Money is not an issue for this AD - if they need it they know where to get it.
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or buy out money will not come from the AD coffers. It will come from donors and the VASF money. That is not a problem to worry about.
 
#44
#44
Think how much Oklahoma State will have when T Boone Pickens kicks the bucket - Bama did get Logan Youngs fortune you know
 
#49
#49
I'd say they have quite a bit more than 5 million. Heck, they make more than that after a single home game against the likes of Buffalo. Lets say an average ticket cost $50 for a non SEC team like Buffalo. I think they raked in 96k for Buffalo. 96,000 x 50 = 4.8 million. That's just the ticket sales, not counting concessions, memorabilia, or parking. Imagine what a sold out Florida, Bama, or Georgia would rake in. It's in the 10's of millions....We had 8 home games last year....Just sayin.
 
#50
#50
I think more fiscal responsibility is one of the things D Hart is focusing on and why the Men's & Women's athletic departments are being combined. Based on what Hart has said I wouldn't be surprised if the AD dept free cash was low compared to our peers at similar revenue levels. This is symptomatic of the dysfunctional nature of UT over the past 10yrs at the University President level and a consequence of mismanagement--most likely by Dickey and Hamilton. I'm sure people will take issue with that but--and as I am merely speculating--I'd like to know if any one has any concrete info on this.
 
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