You’ve got to spend money to lose money.

In a year in which it won the SEC and played in the national title game, Auburn managed to turn in an athletic department operating deficit.

Severance payments totaled $2.7 million in 2013, largely for Chizik and his staff after the Tigers went 3-9. Auburn Senior Associate Athletics Director Jack Smith said the athletics department drew upon a cash reserve of more than $15 million to cover last year’s operating deficit.

Jay Jacobs is the bizarro Greg McGarity.

But that’s not even the most remarkable part of the story.  This is:  “Student fee subsidies also prevented Auburn from reporting deficits on its NCAA reports in 2011, 2010 and 2009.”

How do you win a national football title and lose money (but for what you forcibly extracted from students)?  Shoot, Tennessee used to be my gold standard for financial mismanagement in the conference, but at least the Vols have the excuse of not winning anything for a while.

Even Maryland managed to avoid finishing in the red last year.

Maybe Saban’s master plan is for Alabama to spend so much money that it forces Auburn into bankruptcy trying to keep pace.

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10 Comments

Filed under Auburn's Cast of Thousands, It's Just Bidness

10 responses to “You’ve got to spend money to lose money.

  1. Hogbody Spradlin

    “Maybe Saban’s master plan is for Alabama to spend so much money that it forces Auburn into bankruptcy trying to keep pace.”

    That’s not a flippant thought. Bama spends like a Roman orgy and Auburn does its best to keep up.

    • Scorpio Jones, III

      And, both Bama and Auburn have been broke as my brother in the not too distant past.

      No, it is not a flippant thought, just a mirror of how things work over there.

  2. reipar

    I love the Auburn to USSR comparison :)

  3. Rival

    They also had some tree restoration costs to worry about.

    And cleaning up all that TP gets expensive.

  4. JasonC

    Buying recruits ain’t as cheap as it used to be.

  5. cube

    Some schools care more about winning than reserve funds. Must be nice.

    • Bulldog Joe

      Two SEC titles, a national title, and $13M added to the cash reserve in four years.

      If only we could be so foolish.