Ath/Dept. will owe $11 million interest next year (Gilbert,DNJ.com)

#27
#27
hatvol96 said:
If they think the Atletics Department paid for the library, they don't know as much as they think they do.
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Do you remember who did? His assertion got me curious, so I spent some time poking around online, and I can't find anything. I wasn't a freshman until the year after it opened, but I was in an AP English program in high school that required me to use the UT library pretty heavily. This was when it a big chunk of it was still housed in the Humanities complex, which sucked, so I was heavily focused on the building of the new library at the time. I don't remember anything interesting about who paid for it, though.
 
#28
#28
Vercingetorix said:
Do you remember who did? His assertion got me curious, so I spent some time poking around online, and I can't find anything. I wasn't a freshman until the year after it opened, but I was in an AP English program in high school that required me to use the UT library pretty heavily. This was when it a big chunk of it was still housed in the Humanities complex, which sucked, so I was heavily focused on the building of the new library at the time. I don't remember anything interesting about who paid for it, though.
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I arrived on campus in the fall of '89. I don't remember anything newsworthy about funding of the library construction.
 
#29
#29
University of Tennessee Inside Tennessee Official Athletic Site

While Hamilton is focused on ensuring the financial viability of athletics, he is also committed to giving back to the University. Last year, the athletics department contributed more than $25 million back to the university in some fashion, including $1.375 million in academic scholarships for non-student athletes, $500,000 for the Pride of the Southland Marching Band, and $1.125 million for annual debt service on five University parking garages as well as approximately $11.99 million in athletic benefits to University employees and students through free or reduced rate tickets to sporting events, licensing revenue, and tickets for the University alumni association fundraising purposes
 
#30
#30
I love how they act like anything involving tickets is a donation to the university. News Flash: Without the university, there is no athletic department.
 
#31
#31
ShanMan said:
University of Tennessee Inside Tennessee Official Athletic Site

While Hamilton is focused on ensuring the financial viability of athletics, he is also committed to giving back to the University. Last year, the athletics department contributed more than $25 million back to the university in some fashion, including $1.375 million in academic scholarships for non-student athletes, $500,000 for the Pride of the Southland Marching Band, and $1.125 million for annual debt service on five University parking garages as well as approximately $11.99 million in athletic benefits to University employees and students through free or reduced rate tickets to sporting events, licensing revenue, and tickets for the University alumni association fundraising purposes
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Oh geez, I didn't know about that. The athletic department really is invaluable to the university after all.

I love how they count giving discounted tickets to UT employees and students as part of their "$25 million" contribution. That's rich. That's like dropping a bag of your old clothes off at Goodwill, and then taking a tax writeoff for $100 per shirt.
 
#32
#32
Vercingetorix said:
I love how they count giving discounted tickets to UT employees and students as part of their "$25 million" contribution. That's rich. That's like dropping a bag of your old clothes off at Goodwill, and then taking a tax writeoff for $100 per shirt.
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The sad thing is some people actually buy that BS.
 
#34
#34
The sad thing is that means half of their "contribution back to the University" isn't even money; it's like giving the University drink tickets instead. And then much of what actual money they do send across campus gets spent on the band, parking garages, dorms, and things that benefit the athletic department anyway. I root for our sports teams as much as anybody, but to pretend that the tail isn't wagging the dog here is crazy.
 
#35
#35
Example: when I'm reading all these newspaper articles about how horrible UT's budget crisis is, why don't any of them mention all the money that'll be coming in to UT from the SEC's football deal with ESPN? That's the University's money, right?

Sure it is.
 
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