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UT Official: No State Money for Athletics

No academic funding or state money will be used to bail out the University of Tennessee athletics department should sagging ticket sales and the cost of a multimillion-dollar coaching change cause another budget deficit, officials tell the News Sentinel.
“We’ve made a strong statement that we’re not using state funds to backfill athletics,” said Chris Cimino, vice chancellor of finance. “We’ve done all we’re going to do.”
Last month, the school announced a three-year, $18 million reprieve in donations the athletics department makes to student scholarships, fellowships and discretionary academic funds.
In the meantime, the department is facing as much as $9.4 million to buy out former head football coach Derek Dooley and his staff, another $18.2 million over six years in salary for new coach Butch Jones, $3 million annually for new assistant football coaches and another $1.4 million to buy out Jones’ contract at the University of Cincinnati. Last year, the department reported a $4 million shortfall in its nearly $100 million annual budget.
“While it’s too early to state the exact situation 6½ months from now, our revenues and expenses are on par with what we expected at this point,” UT athletics department spokesman Jimmy Stanton said in a statement, referring to June budget projections.
To cut costs, 17 layoffs were announced in April as part of the consolidation of the women’s and men’s athletic departments. The changes resulted in a $2.5 million saving.