UT athletics focused on bottom line as end of fiscal year approaches

Wednesday, June 19, 2013 at 8:39pm

KNOXVILLE — Tennessee's athletic department is hoping to break even when the fiscal year ends June 30 according to a review at the university's board of trustees meeting.

The department ran a deficit of $3.98 million a year ago, dropping financial reserves below $2 million. Officials cut the budget for 2012-13 from $105.9 million the year before. Officials said Wednesday they expect revenues between $96 and $97 million but must see the final expenses for the year.

University officials declined to comment until after the fiscal year ends.

Three consecutive losing seasons in football, and a decline in ticket sales and donations were cited for the revenue drop. Firing coach Derek Dooley last November cost a $5 million buyout, and new coach Butch Jones's contract is worth $18.2 million.

 

2 Comments on this post:

By: courier37027 on 6/20/13 at 8:51

Where was this "bottom line focus" when Dooley was fired?

By: 4gold on 6/21/13 at 9:35

UT should just focus on womens sports and dump the mens programs that are dragging them down. The football team? Put a skirt on'em. The softball team is more butch.

Go Nashville a great place to live!