2019 AD Surplus

[WoodsmanVol]

Is this for real? If so, ZOUNDS!!!!! We may hit 1 or 2 million in 2020, if not 6mil.

After dealing with a $6.5 million deficit the previous year, the Tennessee Vols athletic budget reported a nearly $790 million surplus for fiscal year 2019, which ended June 30.
Source: Tennessee Vols morning report: Athletic budget back in black

 

[whm324]

$790 MILLION surplus? Whoa! I have always liked Fulmer, but this is amazing....

 

[GAVol]

Lol... There's no way that's NOT a typo. Had to be $790,000; not $790 million.

 

[IndianaVol]

CRAZY good.

Couple of thoughts.
Wonder how much is increased ticket sales for basketball... don't recall any games at TBA that were not sellouts last season?
Isn't a part of this the delay Fulmer put in place for the Neyland renovations?...if so, very smart move that wasn't super popular at the time.

 

[GAVol]

Revenue

• Ticket sales: $36.2M ($29M)
• Contributions: $31.3M ($26.4M)
• Media rights: $34.9M ($15.2M)
• Royalties, licensing, advertisement and sponsorships: $13.5 ($10.1M)

Expenses

• Support staff/administrative compensation, benefits and bonuses: $26.3M ($4.5M)
• Coaching salaries, benefits and bonuses: $24.6M ($11M)
• Athletic facilities debt service, leases and rental fee: $16.9M ($11.1M)
• Athletic student aid: $15.3M ($5.2M)
• Severance payments: $873,806 ($260,852)

 

[VOLINVONORE]

Lol... There's no way that's NOT a typo. Had to be $790,000; not $790 million.

Yep. It is very difficult to go from a deficit of 6.5 million to a surplus of 790 million when you have income about 145-150 million. Someone is cooking the books.

 

[malinoisvol]

Let me hold a dolla, big man.

 

[901 Orange]

Yep. It is very difficu;t to go from a dficit of 6.5 million to a surplus of 790 million when you have income about 145-150 million. Someone is cooking the books.

Yeah maybe they ment 79mil not 790mil

 

[reecetn]

yea its a typo....

Vol Athletic Department Surplus

 

[WoodsmanVol]

Other site is now saying $790K. Seems a reporter goofed big time. Wish it was 790 million, though.

 

[IPleadInsanity]

I don't understand the math I guess, seems when you are gifted 44 million in TV revenues with no expense associated with it you would be able to show a surplus? I guess it actually shows they failed to spend all the money! Someone will get canned! Auburn had a 13 million surplus I think? Bama 3 million.

 

[robow]

Yep. It is very difficu;t to go from a dficit of 6.5 million to a surplus of 790 million when you have income about 145-150 million. Someone is cooking the books.

No way you can be this far off from cooking the books...Somebody has moved on to Brewing the books.

 

[jakez4ut]

where does the TV revenue figure in to this? i didn't see that mentioned in the article at all? there's $44M hanging out looking for something to do?

lol.

 

[IPleadInsanity]

I hope I am reading this wrong.....Not surprisingly, men’s basketball's ticket revenue surged to $5.2 million to reflect Tennessee’s 2018-19 season that saw the Vols reach the No. 1 ranking in the country. That marked an increase of about $800,000 in ticket revenue compared to the previous fiscal year.

So all of the basketball ticket revenues go toward paying the coaches salary? Guess football/SEC splits are pulling the load.

 

[BeecherVol]

Lol... There's no way that's NOT a typo. Had to be $790,000; not $790 million.

"Fuzzy math"

- George W. Bush

 

[RockyTop140]

Lmao 790 million. That reporter is a clown

 

[Electric Orange]

Is this for real? If so, ZOUNDS!!!!! We may hit 1 or 2 million in 2020, if not 6mil.

After dealing with a $6.5 million deficit the previous year, the Tennessee Vols athletic budget reported a nearly $790 million surplus for fiscal year 2019, which ended June 30.
Source: Tennessee Vols morning report: Athletic budget back in black

3/4 billion? Yeah right

 

[Volfansince1980]

I wonder what the reserve is up to?

 

[golfer89]

Does Garth Brooks concert count for athletic budget ???

 

[EZE]

Lol... There's no way that's NOT a typo. Had to be $790,000; not $790 million.

Without a doubt.

 

[dyllisvol42]

Does Garth Brooks concert count for athletic budget ???

He should pay the university for that worthless show. Second worst concert I have ever been to. Ow that being said. I’m not a fan, but the big group of people I was with were all fans and had seen him before, and they all agreed it was bad.

 

[peaygolf]

Lmao 790 million. That reporter is a clown

And.......looking for a job, probably

 

[Thunder Good-Oil]

Comes out to about 60 million beers poured.

 

[Boca Vol]

Comes out to about 60 million beers poured.

For what we've endured for most of this century that sounds about right!

 

[dobre_shunka]

"Fuzzy math"

- George W. Bush

"If you like your surplus you can keep your surplus."

-Barack Obama