Tag Archives: Jimmy Cheek

Tennessee’s $111 million athletic budget in context

Vols AD Dave Hart (photo by Adam Brimer)

KNOXVILLE, Tennessee — Tennessee’s $111.6 million athletic budget is 10th-highest in the country and fourth-highest in the SEC.

That’s from the comprehensive USA Today database of athletic budgets released on Tuesday.

The survey also showed that the Vols’ have the seventh-highest expenses in the country and that its institutional “subsidy” of $12.4 million — or 11 percent of its budget — is highest in the SEC.

All these numbers are from the 2012-2013 fiscal year. You can click on the graphic to see the breakdown by category. (Here’s a link if you can’t see it below).

Tennessee’s 2013-2014 fiscal year will end in another month, and should produce some different figures in key areas.

Here’s some context to the current numbers:

* Most of the current subsidy comes from a $11.4 million transfer from the university that helped the athletic department plug a potential deficit caused largely by $7.97 million in “severance payments” to Derek Dooley and his staff.

Even though the money wasn’t all due immediately, buyouts must be accounted for in the current fiscal year.

* In years past, the athletic department has actually made an annual contribution to the main university fund. In the 2011-2012 fiscal year, for example, the athletic department sent $5.8 million to the university. Over the last 10 years, the department has given about $40 million to the university (for a net transfer of $30 million once student fees are considered).

* When Dave Hart was hired as athletic director, he asked UT’s administration if he could end the annual transfers. By giving excess funds away at the end of the year, the department struggled to build a reserve fund. And that could cause problems in years (like this one) when expenses increased.

* UT Chancellor Jimmy Cheek agreed to “reinvest” some of the athletic department’s contributions to the university back into the department’s budget over the next three years. The biggest payment came from the transfer described in this fiscal year.

* Where does the rest of the subsidy come from? That’s the $1 million in student fees billed to students. USA Today counts student fees in their subsidy total, and most departments — even rich ones — take at least a small bit of revenue from student fees.

Questions? Let me know and I’ll try to answer them. If I don’t know, I’ll try to find out.

After a spring break filled with basketball, Tennessee football is back today

Coach Butch Jones (right) talks with offensive coordinator Mike Bajakian before practice earlier this month at Neyland Stadium (photo by Evan Woodbery)

KNOXVILLE, Tennessee — Tennessee returns to practice on Tuesday for its sixth official session of the spring season.

The Vols last practiced on March 14, a scrimmage at Neyland Stadium. Most players went home for the break, although some — including running back Marlin Lane — stayed in town to work out or rehab injuries.

Lane injured his hand and received treatment over the break. Coach Butch Jones is expected to provide an update on his status Tuesday afternoon, although his return this spring is questionable at best.

Jones and his staff also took a few days off during the break. Jones joined athletic director Dave Hart and UT Chancellor Jimmy Cheek in Raleigh, N.C., to watch the men’s basketball team advance to the Sweet 16.

It’s safe to say that with both basketball teams embarking on a deep NCAA tournament run, this week’s football practices won’t be on center stage.

Check out our full coverage on GoVolsXtra this evening, including instant observations, post-interview updates, video and photos.

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