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re: LSU Athletic Dept bleeding $
Posted on 1/30/24 at 3:02 pm to ShadowTigerTX
Posted on 1/30/24 at 3:02 pm to ShadowTigerTX
quote:only saw that 2021 was a deficit, and 2022 was a surplus. For a long time LSU was one of the few athletic programs in the country that actually turned a profit in their athletics.
* How does this compare to previous years?
quote:we would have been up by a mill if not for those.
* Is this a one year thing or would we have been profitable without the severance payments?
quote:Yeah, I don't understand this part either. I always thought the donors paid this out. Do they give the money to the athletic department to pay out the departures?
* What "non-program specific” staff are getting $5M in severance payments? That's *NOT* coaches. The TAF (and others) pay coaches' payouts when they're fired, not the athletic department
Anyway, we are under a new deal with ESPN, so we'll be profiting every year for the foreseeable future.
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