Can an athletic department go broke?

[usfgrad84]

How many leaders in any company or industry actually take a pay cut. That's a complete fantasy. If that would be the case at a state school then it should start with the Governor.

The reality is this situation is going to be a tremendous drag on the entire athletic department. The only saving grace, and may be a part of why the BE presidents would vote for such a deal, may be the disbursement of the departure fees from the schools that are leaving. Perhaps UC, UCONN and USF feel those fees can help be the bridge, financially, for a few years until we/they get picked up in the next round of expansion. Other than that, this situation is going I to be big drag on the department's ability to operate. I don't see how it can't be.

[charsibb]

Do the C7 get to vote on Monday? Seems they shouldn't, since they've already announced they're leaving?

 

What about them maybe voting yo disband the BE? Seems they shouldn't be able to do that either...

[Hem]

We will be fine. We get a piece of all the exit fees, and BOY OH BOY there have been a LOT of those. We also will get a piece when Aresco sells the Big East name to the C7 for buku dollars. 

[Who'sYourData?]

Woulard has managed the budget incredibly well thus far, no reason for that not to continue.  Exit fees should keep things reasonable until we get a life raft or realize that we are generations away from being with the big boys.

[Breedwell]

We may drop a few sports as well.

 

Can you say bye-bye Golf, Tennis, and Cross-country?

 

Not after that 1 million-dollar donation by a golfer's parents.

[Quo Vadis]

Do the C7 get to vote on Monday? Seems they shouldn't, since they've already announced they're leaving?

 

What about them maybe voting yo disband the BE? Seems they shouldn't be able to do that either...

Since the first year of the contract affects the C7 (it covers basketball payments for 2013-2014 and the C7 are currently scheduled to be in the Big East for that year) they get to vote on the contract.

[charsibb]

Woulard has managed the budget incredibly well thus far, no reason for that not to continue.  Exit fees should keep things reasonable until we get a life raft or realize that we are generations away from being with the big boys.

 

Don't look now, but I predict we'll get screwed out of the exit fees as well.

[GaUSFBull]

Woulard has managed the budget incredibly well thus far

 

How?  He's not even out of high school yet.  

[Skingraft]

Woulard has managed the budget incredibly well thus far

How? He's not even out of high school yet.

His dad asked for $1 from every school woulard committed too, decomitted too, then recommitted to

[smazza]

an athletic dept can go broke

 

 

usf athletics has been poorly managed for decades