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longhorns athletics in the red

Gismo

By Gismo
in Tampa Bay and General Sports

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Gismo Toro Magnifico

Gismo

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Posted

2 million in the hole

http://www.mystatesman.com/news/sports/college/texas-athletics-finished-2013-14-school-year-28-mi/njkqz/?icmp=statesman_internallink_invitationbox_apr2013_statesmanstubtomystatesmanpremium#977df097.3625640.735609

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Apis Bull Toro Magnifico

Apis Bull

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Posted

They must waste a ton of money then

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charsibb Toro Magnifico

charsibb

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Posted

They must waste a ton of money then

 

Same way we did - difference is they can afford it

 

The department also incurred a one-time charge of $4.375 million to buy out Charlie Strong’s contract at Louisville. That money came straight from reserves and not the operating budget, Patterson said, dropping the overall reserve total to about $35 million currently.

 

Former coach Mack Brown received a $2.75 million severance package, but the payout is structured over four years. Brown also received a $500,000 one-year payment to become a special assistant to the president, an arrangement Patterson said will continue in 2015.

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smazza Toro Magnifico

smazza

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Posted

one fundraiser will wipe that debt out

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Paisa el Toro Toro Magnifico

Paisa el Toro

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Posted

They have their own channel, they'll be fine.

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NCBull Toro Magnifico

NCBull

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I'm real worried for em

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