Highest severance packages paid out in FY 2018

Discussion in 'Main Sports Forum' started by BMF, Aug 12, 2019.

  1. BMF

    BMF Bad Mother....
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    Tennessee led the way, but UF wasn't far behind...

    Tennessee athletics is the king of the buyout


    Analysis of operating costs shows Tennessee athletics is the king of the buyout

    The UT athletic department’s $13.8 million in reported severance expenses were the most among all Division I athletic departments at public institutions during the fiscal year that ended June 30, 2018.

    Tennessee was the only institution that reported more than $13 million in severance payments. Nebraska, Florida, Arizona State and UCLA topped $12 million in reported severance costs. All of those schools, including Tennessee, fired their football coach in 2017, which helps explain the high severance figure.

    Tennessee operated at the biggest loss among SEC teams

    Because of the severance burden, Tennessee reported a $6.5 million operating loss for the 2018 fiscal year. The Vols operated at a $10.8 million surplus in the previous fiscal year.

    Mississippi and Missouri were the only other SEC teams to report an operating loss in 2018, but neither matched Tennessee’s amount.

    Texas A&M paced the conference in total revenue ($212.4 million) and in operating surplus ($46.6 million). Alabama was second in total revenue ($177.5 million), but Georgia ranked second in operating surplus ($42.8 million).
     
    • BMF

      BMF Bad Mother....
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      Also, from that article USA Today released the FY 2018 (year ended June 30, 2018) finances:

      USA TODAY Sports

      upload_2019-8-12_20-9-42.png
       
      • Swamp Donkey

        Swamp Donkey Moral Victory Champs!
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        Wow. It seems like we are one or two places lower every year now.
         
      • Gator Fever

        Gator Fever Senior Member

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        How the hell did FSU take in more than we did?
         
        • rogdochar

          rogdochar Senior Member
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          fixing games with Vegas.
           
          • Gatordiddy

            Gatordiddy Well-Known Member
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            Probably because it was for the ‘17-18 season.
            Jimbo was still there and they went 7-5 (and beat us 38-22)

            So the giant suck hadn’t quite started yet...
             
          • CaribGator

            CaribGator 2020 Champs
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            No big deal, it goes with the new mantra, 'feelings are more important than facts'

            And right now it feels good to be a Gator!
             
          • fischerwood

            fischerwood I believe we are on the way back now

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            The Circus??
             
            • GatorKen714

              GatorKen714 Well-Known Member

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              That was my first thought also.
               

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