Question on Athletics Reserve @UT

#1
LibertyVolance

LibertyVolance

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#1
I read someone's mention of UT's reserve being only 1.9 Million. If true, why is it so small when you factor in the great attendance figures of basketball and football? Where does the money go?
 
#2
#2
LibertyVolance said:
I read someone's mention of UT's reserve being only 1.9 Million. If true, why is it so small when you factor in the great attendance figures of basketball and football? Where does the money go?
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Millions of dollars in buyouts that the impatient fans demand and claim the AD can afford.
 
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#4
#4
When you've had to pay $14 million in buyouts over the past few years and the donor base is shrinking....there go the reserves.
 
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#6
#6
$14 million in buyouts over about 10 years is not why we have low reserves. Even if those buyouts were cut in half, we'd still have less than $10 million in reserves.

The reason that we don't have money is that we've mismanaged money in general.
 
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#8
#8
the AD at UT typically puts back much more to the general school fund than most of the SEC football schools - this is the main reason we don't have 100 mil+ in there

Hart got 6 mil per year over a 3 year span to stay within the AD - if that had happened the 20 years prior we would have easily paid for the buyouts
 
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#9
#9
Neyland Stadium renovations, new dorms, campus beautification projects, renovating fields, buildings, complexes, it's not done using the annual UT fraternity spelling bee cash prize money.
 
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#12
#12
#JuanVol said:
UTSPORTS.COM - University of Tennessee Athletics - Facilities

Top notch facilities aren't cheap.
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Right, and the facilities have brought on more debt than buyouts. Buyouts are always the first thing brought up by media so they can let fans carry some of the burden. It's ridiculous.

How much money has UT invested in non-revenue sports? How much did the aquatic center cost? What about that boathouse for the rowing team? I've heard that our soccer stadium is unbelievably nice.

I'm sorry, but paying Buzz Peterson a few million isn't why we are trouble. Spending too much money on things that don't matter is much more of a reason. That coupled with bad hires in sports that do matter.
 
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#13
#13
BigZiti09 said:
Right, and the facilities have brought on more debt than buyouts. Buyouts are always the first thing brought up by media so they can let fans carry some of the burden. It's ridiculous.

How much money has UT invested in non-revenue sports? How much did the aquatic center cost? What about that boathouse for the rowing team? I've heard that our soccer stadium is unbelievably nice.

I'm sorry, but paying Buzz Peterson a few million isn't why we are trouble. Spending too much money on things that don't matter is much more of a reason. That coupled with bad hires in sports that do matter.
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Not saying that the facilities haven't added to the debt problem...but I believe Regal donated about $5M for the building of the soccer stadium, IIRC.

Either way...staggering to hear that 'Bama has $90 - $100M in reserve, while we have $1.9M. Kind of puts things into perspective.
 
#14
#14
lostsheep said:
Not saying that the facilities haven't added to the debt problem...but I believe Regal donated about $5M for the building of the soccer stadium, IIRC.

Either way...staggering to hear that 'Bama has $90 - $100M in reserve, while we have $1.9M. Kind of puts things into perspective.
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That's what winning a National Championship three out of the last five years can get you!
 
#16
#16
lostsheep said:
Not saying that the facilities haven't added to the debt problem...but I believe Regal donated about $5M for the building of the soccer stadium, IIRC.

Either way...staggering to hear that 'Bama has $90 - $100M in reserve, while we have $1.9M. Kind of puts things into perspective.
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While I have no clue what the actual # is today, I thought the 1.9M in reserve # was back when Butch Jones was hired. Around the same time Hart got Cheek to agree to move about 18M back over to the athletic dept(which was to go to the academic side FROM the athletic dept).

I would bet they are in much better shape today then they were just a couple years ago. Hart seems to be making the right calls IMO.
 
#17
#17
UT can't spend the money after they pass away. They buy new facilities and new coaches every few years. Spend it while you have it!
 
#18
#18
LebanonVolunteer said:
While I have no clue what the actual # is today, I thought the 1.9M in reserve # was back when Butch Jones was hired. Around the same time Hart got Cheek to agree to move about 18M back over to the athletic dept(which was to go to the academic side FROM the athletic dept).

I would bet they are in much better shape today then they were just a couple years ago. Hart seems to be making the right calls IMO.
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You may be right...I'm just repeating #'s I heard Jimmy and Rob Lewis discussing a couple days ago.
 
#19
#19
LebanonVolunteer said:
While I have no clue what the actual # is today, I thought the 1.9M in reserve # was back when Butch Jones was hired. Around the same time Hart got Cheek to agree to move about 18M back over to the athletic dept(which was to go to the academic side FROM the athletic dept).

I would bet they are in much better shape today then they were just a couple years ago. Hart seems to be making the right calls IMO.
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It wasn't going back, athletics were just going to be allowed to keep 6 of the 7+ million that they gave to academics each year for 3 years.
 
#20
#20
BigZiti09 said:
Right, and the facilities have brought on more debt than buyouts. Buyouts are always the first thing brought up by media so they can let fans carry some of the burden. It's ridiculous.

How much money has UT invested in non-revenue sports? How much did the aquatic center cost? What about that boathouse for the rowing team? I've heard that our soccer stadium is unbelievably nice.

I'm sorry, but paying Buzz Peterson a few million isn't why we are trouble. Spending too much money on things that don't matter is much more of a reason. That coupled with bad hires in sports that do matter.
Click to expand...

Just because you don't particularly care about swimming, crew, or soccer doesn't mean that these don't matter. It's all part of trying to brand UT as a top-notch athletic school. Once the humans catch up, it will be pretty damn impressive.
 
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