UT's athletics department hopes to break even after contending with $4 million deficit a year ago

UT hopes to break even in 2013 and 2014

Women's basketball assistant coach Dean Lockwood, head football coach Butch Jones and athletics director Dave Hart chat while waiting for the University of Tennessee Lady Vols softball team to return from the Womens College World Series, Wednesday, June 5, 2013. The Lady VOls fell to Oklahoma in the finals, ending their season 52-12. (AMY SMOTHERMAN BURGESS/NEWS SENTINEL)

Photo by Amy Smotherman Burgess

Women's basketball assistant coach Dean Lockwood, head football coach Butch Jones and athletics director Dave Hart chat while waiting for the University of Tennessee Lady Vols softball team to return from the Womens College World Series, Wednesday, June 5, 2013. The Lady VOls fell to Oklahoma in the finals, ending their season 52-12. (AMY SMOTHERMAN BURGESS/NEWS SENTINEL)

One year after plunging football fortunes forced Tennessee’s athletic department into a $4 million deficit, officials expressed optimism that a round of belt-tightening would help the Vols show a balanced budget in the fiscal year that ends this month.

Bill Myers, the department’s chief financial officer, told UT’s board of trustees on Wednesday that the Vols expect to break even in the 2013 and 2014 fiscal years. Myers projected $99 million in expenses in the 2013 fiscal year that ends June 30 and a $96 million budget for the fiscal year ending June 30, 2014. The department spent $106 million in the 2012 fiscal year.

“If you look at other BCS schools of our caliber, budgets are not going down,” Myers told the trustees on the Finance and Administration Committee. “So this is not necessarily a good thing.

But Myers said the department’s “prudent financial decisions” would pay off when the football team’s revenue grows along with its win total.

“A year ago we told you about a $3.9 million deficit because ticket sales were not where we wanted them to be and donations were not where we wanted them to be,” Myers said.

The department used its reserve fund to cover the deficit and then started cutting costs, including the elimination of 19 athletic department jobs, closer scrutiny of nonconference scheduling and a review of utilities and infrastructure.

“We made a financial decision that rather than try to grow revenues when they weren’t there, we tried to reduce expenses,” Myers said.

Myers said UT system President Joe DiPietro and Chancellor Jimmy Cheek have been supportive of the department and “understand our business very well.”

He noted that the department pays the university more than $10 million for scholarships, many for out-of-state athletes, and pays its own utilities, which costs about $3 million.

Myers also estimated that the addition of Missouri and Texas A&M to the SEC added nearly $1 million in travel costs across all of UT’s sports programs.

Cheek said the influx of funds from the league’s new agreement with ESPN should arrive in 2014.

“We entered into that agreement with the assumption that it will be significant,” Cheek said.

Myers said the budget doesn’t benefit for coaching buyouts “coming off the books.” He said UT accounting practices call for the buyouts to be included in the budget for the year in which they occur.

“Even though we’re paying it over several years, we expense it when it happens,” he said.

Evan Woodbery covers Tennessee football. Follow him at www.Twitter.com/TennesseeBeat.

Related document

Budget excerpt: University of Tennessee athletics 5-year budget summary comparison

Get Copyright Permissions © 2013, Knoxville News Sentinel Co.
Want to use this article? Click here for options!

© 2013 govolsxtra.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Discuss
  • Print

Comments » 21

CrankE writes:

Fix Football.

Everything else depends on that. Not a dime for anything else until it's done. Raze Stokely? Not until football is fixed.

Erect another statue to a favorite Volunteer? Not until football is fixed.

Unless football gets fixed, nothing else will matter.

NashvillePreds writes:

Derek Dooley managed to shrink our athletic budget by ~$10MM per year... sounds about right.

What a novel approach to balancing a budget by cutting expenses.
Someone please cc Barack.

Go Vols

voloffaith writes:

$$$$$$$$$$$$$$$$$$$ Oh the love of it is.........

CoverOrange writes:

How much is ESPN paying us?

A $1M extra expense to travel to Texas and Missouri? And we didn't even go to either with the football team.

FWBVol writes:

in response to CrankE:

Fix Football.

Everything else depends on that. Not a dime for anything else until it's done. Raze Stokely? Not until football is fixed.

Erect another statue to a favorite Volunteer? Not until football is fixed.

Unless football gets fixed, nothing else will matter.

It could be argued that razing Stokely is one of the steps in fixing football. When Stokely is gone UT can get additional practice field space. And if a new dorm that will house athletes in part is built on the additional Stokely space that could also help with the improving the football program.

utvolfan1955 writes:

Kind of interesting how the 3 members of the self proclaimed "truth squad" respond to each other one right after the other. Coincidence or 3 user names of the same troll?

Snapshot writes:

in response to Ghost_Of_Neyland:

(This comment was removed by the site staff.)

Why don't you grow up kid, and stop with the 2nd grade name calling?

Come back when you have something intelligent to add to the conversation.

antonio14313 writes:

in response to Speyers_Spectacular_Show:

(This comment was removed by the site staff.)

congratulations!!! you're actually on topic this time! for once. lol...

go vols.

t

EastTnVols962 writes:

I don't really mind reading all of the negativity the "truth squad" spews on this site, because that is your right to do so. It's not going to change, so why fight it. I have only one request. If you're going to talk trash about our administrators, at least use their names. It's hard for me to take anything you say seriously with all of the ridiculous names yall spew out. It reminds me of Flanders from the Simpsons. I mean how serious can this sound: "If it wasn't for that flibdiddly alububdiddly Hart, we be doing flabdoodily great!" That's how I read it. If you have a serious comment, post it like an adult would. PLease and Go Vols!

vol49 writes:

TrollVolsExtra.com. Home of the basement dwelling PS3 playing Cheetos stained shirt futon bedwetting losers. Bama Dave, Gator Cheek, Coach Jones the loser and all the other Vol athletic staff are finally going to listen to the 'truth clods' and resign. You must be the arithmetic men; you add trouble, subtract pleasure, divide attention, and multiply ignorance.

Snapshot writes:

in response to Ghost_Of_Neyland:

(This comment was removed by the site staff.)

Nothing except you are a name calling little kid? Grow up dude.

Snapshot writes:

in response to Ghost_Of_Neyland:

(This comment was removed by the site staff.)

See, you keep making my point. Come on back when you grow into an adult.

Olddogsrule writes:

in response to CrankE:

Fix Football.

Everything else depends on that. Not a dime for anything else until it's done. Raze Stokely? Not until football is fixed.

Erect another statue to a favorite Volunteer? Not until football is fixed.

Unless football gets fixed, nothing else will matter.

While “Everything depends on football” is true only in sports, (not academics) , razing Stokely and Gibbs Hall to build better practice field options (offense, defense, special teams, focusing individually); and erecting a new athletic dorm will certainly aid in coaching up a winning team, in the recruiting wars, and in general go a long way toward “fixing football” which you so ardently cry out for.

Olddogsrule writes:

in response to Speyers_Spectacular_Show:

(This comment was removed by the site staff.)

While I assume your screen name alludes to Cotton Speyrer’s two TD receptions in the ’69 Cotton Bowl win by Texas over the Vols, you could at least spell his name right. The previously bloated UTAD is one of the reasons we’re in the position of having to haul ourselves out of debt by the bootstraps. And there you go again, a post so full of logical fallacies one hardly knows where to begin. Fallacy of Begging the Question, Ad Hominem Fallacy, Genetic Fallacy, Fallacy of Appeal to Ridicule, Fallacy of Guilt by Association, Fallacy of Hasty Generalization : aw schucks, yer posts, all of them, is so fallac (double entendre’ intended) ifn ahuz you ah’d jus’ quit postin’ a’tal cause no one kin b’lieve a word you say. We’d all be better off fer it, ‘specially the little chirren who come on hyar fer a football education.

Olddogsrule writes:

in response to Ghost_Of_Neyland:

(This comment was removed by the site staff.)

Ghostie- Speyers-MikeCurrier-1percenter-aint-no-johnny-majors-hapless-foible-whatever …. (and now … speaking of bizzarro. Shiftb mmm .. Could it be the ‘shift b’ is as in a keyboard shortcut for changing cases …or this case, changing screen names as desired, also could it be, .. the second shift has arrived to back up the first?) seems to appear after the above multi-screen name individual but single faceted personality who cannot think outside of logical fallacies, only to agree with himself in a different screen name, also in logical fallacy? So, let me suggest some more fitting screen names for you:

‘Eeyore’ because like all stuffed animals ... "They haven't got brains, any of them (your various incarnations), only grey fluff that's blown into their heads by mistake, and they don't Think." (logically that is)

Or

‘Belial-the-Destroyer-They-Call-Me-Legion' We’ve never read but one or two positive posts by you. The vast majority are destructive poor mouthing of University of Tennessee trustees, president, chancellors, administrators, coaches, fans, and yes even players (when you choose the name of an opponent who happened to have a good day in a defeat of the Volunteers. There is no one left! Yes, you are a destroyer, not a builder … potentially causing a quality recruit or three to choose some other program, donors to decide not to, quality fans to choose another site (they even come on here and say so). And to me, one of the worst is your current incarnation as Ghost-of-Neyland. As if you assign to yourself the General’s attributes of sports knowledge, Volunteer loyalty, and sportsmanship. None of which you display. As I have said before, you’re an embarrassment to all UT graduates, especially from Engineering. Also to the Neyland family for using their name in such a disrespectable manner. I suspect The General rolls in his grave each time you post. He’d proly have you goin’ back an forth in a gravel parkin' lot doin' low crawls til you puke fer appropriatin’ and ill-usin’ his name that way.

Oh, and by the way, the word wouldn't be 'gratify' in your usage above.

Snapshot writes:

in response to Ghost_Of_Neyland:

(This comment was removed by the site staff.)

Keep up your name calling, little boy. Pathetic.

utvolfan1955 writes:

in response to Olddogsrule:

Ghostie- Speyers-MikeCurrier-1percenter-aint-no-johnny-majors-hapless-foible-whatever …. (and now … speaking of bizzarro. Shiftb mmm .. Could it be the ‘shift b’ is as in a keyboard shortcut for changing cases …or this case, changing screen names as desired, also could it be, .. the second shift has arrived to back up the first?) seems to appear after the above multi-screen name individual but single faceted personality who cannot think outside of logical fallacies, only to agree with himself in a different screen name, also in logical fallacy? So, let me suggest some more fitting screen names for you:

‘Eeyore’ because like all stuffed animals ... "They haven't got brains, any of them (your various incarnations), only grey fluff that's blown into their heads by mistake, and they don't Think." (logically that is)

Or

‘Belial-the-Destroyer-They-Call-Me-Legion' We’ve never read but one or two positive posts by you. The vast majority are destructive poor mouthing of University of Tennessee trustees, president, chancellors, administrators, coaches, fans, and yes even players (when you choose the name of an opponent who happened to have a good day in a defeat of the Volunteers. There is no one left! Yes, you are a destroyer, not a builder … potentially causing a quality recruit or three to choose some other program, donors to decide not to, quality fans to choose another site (they even come on here and say so). And to me, one of the worst is your current incarnation as Ghost-of-Neyland. As if you assign to yourself the General’s attributes of sports knowledge, Volunteer loyalty, and sportsmanship. None of which you display. As I have said before, you’re an embarrassment to all UT graduates, especially from Engineering. Also to the Neyland family for using their name in such a disrespectable manner. I suspect The General rolls in his grave each time you post. He’d proly have you goin’ back an forth in a gravel parkin' lot doin' low crawls til you puke fer appropriatin’ and ill-usin’ his name that way.

Oh, and by the way, the word wouldn't be 'gratify' in your usage above.

I think you nailed it Olddog. Ghostie, Speyers and shiftb could be KNS cubicle clowns. They probably all drive to work together in their Yugo

Lil_ZZGataBoy writes:

in response to Ghost_Of_Neyland:

(This comment was removed by the site staff.)

Oh, yeah, you're so "little!" "...salt to back it up...?" Don't need none, you prove it yourself. You argue with EVERYONE, you believe you're right about everything, but worst of all "you're not a Vol fan."

Not sure what you are. Either an 11-year old little brat or someone who suffers from reality disabilities. Whatever! You contribute nothing, absolutely nothing, to this board. And you prove it with every post.

Just.be.gone -- now.

Lil_ZZGataBoy writes:

in response to Ghost_Of_Neyland:

(This comment was removed by the site staff.)

Yeah, based on your posts everyone can tell you're not a Vol fan.

You always right? Only in your mind. C'mon boy, put up some facts to support your "rightness." You just throw out random opinions and then you ridicule and denigrate everyone who disagrees. Which is usually everyone.

Just.be.gone -- now.

TheGVXKing writes:

in response to Ghost_Of_Neyland:

(This comment was removed by the site staff.)

Been following your posts. You are absolutely hilarious! You live in your own little fantasy world where you are the only resident. You're mind is not reality.

TheGVXKing writes:

in response to Ghost_Of_Neyland:

(This comment was removed by the site staff.)

Yes, I know, I should ignore trolls. But this Ghost-guy is such a joke I just couldn't help myself. Where do these people come from?

Want to participate in the conversation? Become a subscriber today. Subscribers can read and comment on any story, anytime. Non-subscribers will only be able to view comments on select stories.

Features