The economy and a coaching change

#1
tm3

tm3

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#1
the statement was made on the radio this AM that UT is already facing millions (i think the total was $38mil) in budget cuts due to the downturn in the economy, and although there is $7mil in a "contingency fund" to cover CPF's buyout (if necessary) it might look very bad for the U to be willing to take that hit while academics are hurting so badly financially.

i never thought that the buyout would be much of an issue if it got to that point but it looks different in that context.
 
#2
#2
$38 mil. in budget cuts for the atheletic dept? or is it the university? If it's the University, then a Fulmer buyout would have nothing to do with those budget cuts.
 
#4
#4
Liper said:
University. AD has its own budget.
Click to expand...

True, but it looks bad all the same.

One thing though... the question right now is can we afford to fire him. There is also another question... can they afford to keep Fulmer?

If fan apathy is a major concern, then revenues in the coming year will take an impact.
 
#5
#5
The university and the AD are separate. However, even though they are facing those budget cuts, how much are the facing with fan apathy? I don't think 38 mil worth but could be bad. If Fulmer is brought back then I think your VASF donations and overall ticket sales drop dramatically which also has its own impacts on the university.
 
#8
#8
The buyout will come from private money, not state of Tennessee taxpayer money.
 
#9
#9
As Hamilton stated, Fan apathy is a program killer. If Fulmer stays and UT isn't better next year then Neyland will be near empty. That would be a financial hit UT can't afford.
 
#10
#10
When I was a freshman (1988), the university had to cut library hours way back while the athletic department was building an indoor practice field. Didn't seem to bother them too much how it looked back then.
 
#11
#11
swami2302 said:
As Hamilton stated, Fan apathy is a program killer. If Fulmer stays and UT isn't better next year then Neyland will be near empty. That would be a financial hit UT can't afford.
Click to expand...
.

at $45 per ticket, 20k less tickets sold per game would be $900k per game plus concession profits. so having 20k empty seats at every home game could result in a $7mil loss annually. the buyout would be $6mil paid over 4 years, or $1.5mil per year.

that is why the buyout has always looked like a better business decision to me.

but the perception of UT being willing to spend big money on a buyout while cutting back on academic budgets might not be well received among non-football fans.
 
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