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re: Why don't all of these rich boosters put money ...

Posted on 11/28/15 at 9:18 am to
Posted by ddbnsb
Raised in New Orleans
Member since Dec 2005
3327 posts
Posted on 11/28/15 at 9:18 am to
quote:

…into the University that is going broke instead of buying out a winning football coach? Just a thought!



LINK

July 20. 2015
LSU's athletic department announced Monday that it'll transfer $10 million to the university -- about $3 million more than its required payment.

LSU’s main campus receives a guaranteed $7.2 million from its athletics program each year, according to the athletics funds transfer policy approved by the Board of Supervisors in 2012. In a news release, the athletic department said a surplus this year allowed for an additional $2.85 million to be given to the university.
This post was edited on 11/28/15 at 9:43 am
Posted by VetteGuy
Member since Feb 2008
28694 posts
Posted on 11/28/15 at 9:41 am to
I can't believe more people don't grasp this.

It is common, well-known knowledge yet every single thread about Miles' buyout has people comparing it to the State's budget issues.

We are a very stupid populace.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 11/28/15 at 10:13 am to
quote:

LSU’s main campus receives a guaranteed $7.2 million from its athletics program each year, according to the athletics funds transfer policy approved by the Board of Supervisors in 2012. In a news release, the athletic department said a surplus this year allowed for an additional $2.85 million to be given to the university.



The LSU 2015 operating budget was $1,047,257,758.00 their contribution is less than one percent of operating revenue, they should do more, or quit pretending they are a college sports team.
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