… is an operating deficit.
New basketball coach Josh Pastner and his staff, repairs to Bobby Dodd Stadium and slow ticket sales are expected to drop Georgia Tech’s athletic department into a $2.4 million deficit for the upcoming fiscal year. Athletic director Mike Bobinski sees it as a one-year aberration, though, and is confident for improved financial standing in years to follow.
The projection was given Thursday at the Georgia Tech Athletic Association’s board of trustees meeting by Marvin Lewis, associate athletic director for finance and administration.
Ticket revenues are projected to dip $2.2 million from this past year’s totals, to $12.052 million, on expectations of slower sales for football (after a 3-9 season) and basketball (following a coaching change and low expectations for the 2016-17 season)…
Ain’t nobody getting canned this season.
Best of all, Dawgnation, we’re doing our part to help.
… As is also the case for all even years, Tech won’t have Georgia on its home schedule, a game that can bring in between $1 million and $1.5 million, Lewis said.