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re: When the new SEC TV contract takes effect, every SEC school is set to make around $40M/yr
Posted on 2/18/23 at 11:14 pm to SeekGreatness
Posted on 2/18/23 at 11:14 pm to SeekGreatness
For Fiscal Year 2021 the Athletic Dept. had a 9.6 million dollar deficit. How they financed that debt I don't know. For Fiscal Year 2022 they had a 1.94 million surplus. Expenses are eye opening. The university spent $192.8 million on total operating expenses in the 2022 fiscal year, $61.2 million more than in 2021, $37.2 million more than in 2020 and $43.8 million more than in 2019, according to the documents.
So if the buyout money is there it will take more TAF donations. The rest of the money already seems to be spoken for with current expenses.
So if the buyout money is there it will take more TAF donations. The rest of the money already seems to be spoken for with current expenses.
Posted on 2/18/23 at 11:41 pm to Tom Bronco
For 21-22 each SEC school got $49.9 million from the SEC media deals. The new media deal with ABC-ESPN is supposed to bring us much more per school even with 16 schools in 2024.
Posted on 2/20/23 at 6:56 am to Tom Bronco
quote:
The university spent $192.8 million on total operating expenses in the 2022 fiscal year, $61.2 million more than in 2021, $37.2 million more than in 2020 and $43.8 million more than in 2019, according to the documents.
Meaning regardless of how much is coming in, they are going to find a way to spend it to keep up in the SEC arms race.
quote:
So if the buyout money is there it will take more TAF donations. The rest of the money already seems to be spoken for with current expenses.
Correct. And I'm as pissed off as the next fan, but no coach worth a damn is going to come here if we fire McMahon after one season.
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