Making ends meet, a translation

If you frequent UGA message boards, or have done so over the years, you’ve probably seen data compiled by the prolific AirForceDawg at some point.  I mention this because he’s put me on the scent of some recent financial data that you might find of interest.

The source for the information is the U.S. Department of Education’s Equity in Athletics Data Analysis (EADA) website.  Visit there, and you can find the relevant financial data, i.e., revenues and expenses, for the fiscal year ending June 30, 2017, for America’s collegiate athletic departments.  As the site itself explains,

This database consists of athletics data that are submitted annually as required by the Equity in Athletics Disclosure Act (EADA), via a Web-based data collection, by all co-educational postsecondary institutions that receive Title IV funding (i.e., those that participate in federal student aid programs) and that have an intercollegiate athletics program.

For example, here’s a snapshot of UGA athletics expenses:

And here’s one for revenues:

If you can’t make the numbers out, allow me to do the simple math for you.

  • Revenues:  $157,852,479
  • Expenses:  $110,084,458
  • Net:  $47,768,021

In case you’re wondering, football’s net during that period was $56,947,313.  Not exactly what you’d call hard times.  At least if you’re not Greg McGarity.

As far as context goes in the SEC, I’m going to outsource that to AFD, who’s already done the clickwork:

FY2017 (i.e., 1 July 2016 – 30 June 2017) Athletics Department Revenue:

1. Alabama: $174,305,613
2. Georgia: $157,852,479
3. Auburn: $147,413,201
4. Louisiana State: $146,934,487
5. Florida: $142,545,938
6. Tennessee: $139,659,550
7. South Carolina: $136,032,845
8. Arkansas: $132,172,997
9. Texas A&M: $130,442,544
10. Kentucky: $122,307,014
11. Ole Miss: $101,857,663
12. Missouri: $90,034,258
13. Mississippi State: $89,696,829
14. Vanderbilt: $80,335,651

FY2017 (i.e., 1 July 2016 – 30 June 2017) Athletics Department Expenses:

1. Alabama: $143,634,940
2. Florida: $137,818,468
3. South Carolina: $135,499,095
4. Louisiana State: $131,722,243
5. Tennessee: $128,944,788
6. Auburn: $125,832,608
7. Texas A&M: $122,615,852
8. Kentucky: $121,688,546
9. Arkansas: $116,112,803
10. Georgia: $110,084,458
11. Ole Miss: $92,908,665
12. Missouri: $90,034,258
13. Mississippi State: $77,773,532
13. Vanderbilt: $69,803,910

FY2017 (i.e., 1 July 2016 – 30 June 2017) Athletics Department Profit:

1. Georgia: $47,768,021
2. Alabama: $30,670,673
3. Auburn: $21,580,593
4. Arkansas: $16,060,194
5. Louisiana State: $15,212,244
6. Mississippi State: $11,923,297
7. Vanderbilt: $10,531,741
8. Tennessee: $10,714,762
9. Ole Miss: $8,948,998
10. Texas A&M: $7,826,692
11. Florida: $4,727,470
12. South Carolina: $533,750
13. Kentucky: $618,468
14. Missouri: $0

First in net (or profit, if you’d prefer the term) — and by a wide margin.  That was accomplished by finishing second in revenue and tenth in expenses.

Butts-Mehre has no business pleading poverty these days, but I suspect you knew that already.  My question is, since McGarity loves to trumpet his fiscal responsibility, why hasn’t he been shouting these numbers to the skies?  Could it be that he might have to explain why the athletic department doesn’t seem to prioritize spending as a path to excellence the way nine others of his peers do?

And for those of you who have been critical of me or anyone daring to question Butts-Mehre’s financial tactics, tell me, are you really okay with an ostensibly non-profit organization operating like this?

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80 Comments

Filed under Georgia Football, It's Just Bidness, SEC Football

80 responses to “Making ends meet, a translation

  1. Wow. Kirby must be getting a fat raise if they are crying poverty.

    I’d say this is a perfect time to drop some $$ on a big splash basketball/baseball coaching hire, but who am I kidding.

    Like

  2. Sanford222view

    I’m SHOCKED! Shocked I tell you!

    Liked by 1 person

  3. AirForceDawg

    When former UGA President Michael Adams forced Athletics Director Vince Dooley’s retirement on 30 June 2004, UGA’s Athletics Department ranked #1 in the SEC and #5 nationally per the National Association of Collegiate Directors of Athletics (NACDA) Directors’ Cup Standings. Since then UGA has regressed to #4 in the SEC and #15 nationally (sagging to 20th from 2009-’11), ostensibly to increase the bottomline (even though the Athletics Association is a 501-c-3 non-profit organization). What more could UGA’s 19 athletics teams, student-athletes, and coaches have accomplished had the Athletics Department not penny-pinched them since Dooley departed?

    FY2017 (i.e., 1 July 2016 – 30 June 2017) SEC Men’s Basketball Revenue:

    Kentucky: $27,965,227
    Tennessee: $18,322,729
    Arkansas: $16,332,876
    Alabama: $15,003,656
    Florida: $14,200,425
    South Carolina: $11,948,781
    Ole Miss: $10,700,408
    Missouri: $10,065,698
    Auburn: $9,900,612
    Georgia: $9,459,251
    Vanderbilt: $9,378,279
    Texas A&M: $8,905,402
    LSU: $8,135,734
    Mississippi State: $7,572,191

    FY2017 (i.e., 1 July 2016 – 30 June 2017) SEC Men’s Basketball Expenses:

    Kentucky: $19,180,059
    Missouri: $10,065,698
    Arkansas: $9,790,947
    Alabama: $9,681,264
    Auburn: $9,632,816
    South Carolina: $9,282,730
    Texas A&M: $8,953,278
    Ole Miss: $7,588,764
    Florida: $7,207,469
    Vanderbilt: $7,168,389
    Tennessee: $6,977,691
    Mississippi State: $6,563,856
    LSU: $6,516,369
    Georgia: $6,237,492

    Bottomline: UGA Men’s Basketball turned a $3,221,759 profit in FY2017.

    Liked by 2 people

    • Thanks for doing all the legwork on this.

      Liked by 1 person

    • Bulldog Joe

      Thanks, AFD!

      Now run the expense numbers for baseball.

      It’s worse.

      Like

      • Bulldog Joe

        Wow. I stand corrected.

        One school actually dropped below us this year in its investment in baseball.

        But Tennessee flipped ADs twice in the past year. No doubt this will get fixed.

        Like

    • Russ

      It’s a toss up to see which dumbass has down more to screw UGA athletics. I think I’d vote Adams since he screwed up a lot of stuff, not just athletics. Plus, he’s just a royal ass.

      Liked by 1 person

      • Bulldog Joe

        Dr. Adams took $30M+ from the Athletic Board to make his fundraising bonus in 2012.

        While Dr. Adams is thankfully gone, the current faculty perpetuates it to this day.

        There are a lot of hands in the Athletic piggy bank. None of them have the student-athletes in mind.

        Like

    • Tony Barnfart

      one thing we’ve known, at least since the Pruitt tirade, was how behind we were in facilities. So while we had the money yet didn’t plan or spend accordingly, all of the deferred CapEx is thrown into the price of goods sold if you will. WTF is a rainy day ?

      Like

    • Oh shit, that leg work just pissed me off more. However, the powers that be do not give a damn about that. Maybe they need a liquor baron to get with it on hoops.

      Like

    • Bulldog Joe

      We’re at the bottom of women’s basketball too, with Missouri and Alabama.

      So you can’t accuse The Georgia Way of being sexist.

      Like

  4. ATL Dawg

    Looking forward to McGarity spinning this one. I doubt he can top “the data is so hard” but you never know.

    Like

  5. AirForceDawg

    https://ope.ed.gov/athletics/#/

    Revenues
    All revenues attributable to intercollegiate athletic activities. This includes revenues from appearance guarantees and options, contributions from alumni and others, institutional royalties, signage and other sponsorships, sport camps, state or other government support, student activity fees, ticket and luxury box sales, and any other revenues attributable to intercollegiate athletic activities.

    Expenses
    All expenses attributable to intercollegiate athletic activities. This includes appearance guarantees and options, athletically related student aid, contract services, equipment, fundraising activities, operating expenses, promotional activities, recruiting expenses, salaries and benefits, supplies, travel, and any other expenses attributable to intercollegiate athletic activities.

    Like

    • AusDawg85

      …fundraising activities… Ok, even the biggest apologist for McG now has to question why not spend more of that “profit” on fundraising?

      AirForceDawg, can you rank reserve funds in the SEC? I suspect we’re number 1 in preparing for that rainy day although the Bama war chest (and Auburn???) could be bigger I suppose.

      Like

  6. SAtowndawg

    absolutely pitiful but not shocking…hard to make the argument that he even wants non-football sports to succeed with that type of funding…but at least we’re in the good graces of the NCAA, which seems to be his main priority…Kirby aside, he’s been a total failure in everything but the reserve fund

    Like

  7. I didn’t think I could be angrier, but yep… found a little more room to squeeze in a lot more anger.

    At this point it’s almost funny, isn’t it?

    It’s funny how Greg McGarity runs the entire athletic department on the cheap, making an almost $50M profit, and has the gall to step up and demand more money from DawgNation.

    It’s funny how this makes me want to punch Greg McGarity in his big-eared face.

    Like

  8. Sides

    I get the McGarity hate after reading this blog for the last 5 years. I know misrepresented the facts to raise ticket prices (price increases are never popular). Obviously UGa is swimming in money and needs to spend some of it on other sports programs. But………..

    Isn’t McGarity’s job to maximize profits while fielding competitive teams (football being the most important)? It seems like all these stats add up to an AD who is doing a good job. I am sure his bosses are very happy at the job he is doing.

    Like

    • A non-profit organization, which the UGA Athletic Association is, generally runs on a profit-neutral budget. Meaning they spend as much as they take in. At least, that’s how it’s supposed to work.

      So what McGarity should be doing is taking the $47M in profit and using that to provide pay raises to coaches, to buy out Fox and Stricklin when he fires them, to hire better basketball and baseball coaches (instead of his normal cheap replacements), make improvements to the Tennis Center, and then whatever is left should go into the West Endzone project, offsetting as much donations as possible, which would then be moved back into the general donation fund for other projects.

      That’s what should happen. I wonder what will.

      Like

    • Isn’t McGarity’s job to maximize profits while fielding competitive teams (football being the most important)?

      From AFD’s comment earlier:

      When former UGA President Michael Adams forced Athletics Director Vince Dooley’s retirement on 30 June 2004, UGA’s Athletics Department ranked #1 in the SEC and #5 nationally per the National Association of Collegiate Directors of Athletics (NACDA) Directors’ Cup Standings. Since then UGA has regressed to #4 in the SEC and #15 nationally (sagging to 20th from 2009-’11)…

      Er, I’m sorry. What was your question again?

      Like

      • Sides

        You act like being in the top 15 of the NACDA isn’t competitive. And look at all that money….

        Like

        • Compared to where UGA athletics were, it isn’t competitive. And do you seriously think as a fan, I’m more excited about the money than program performance?

          Like

          • Sides

            I know your not happy and I understand why. I am just saying that as it stands now, these numbers show an AD who is maximizing revenues and minimizing costs. It seems like based on most metrics they are fielding competitive teams, with football being the most important (and likely the most competitive it’s been in 30 years).

            I do think eventually the school will be sorry for this course of action action. It will be interesting to watch in the future.

            A side question. Do you think McG makes these decisions or is carrying out a course of action directed to him by the university president (or whoever is in charge of public universities)?

            Like

    • Sides, you’ve probably figured out that a lot of the negativity about UGA’s AD is related to 3 things.

      1) His habitual tendency to say the wrong thing at the wrong time – whether it was the 2 Autograph-Gate episodes (Green & Gurley), the patently false statement about his decision to fire the previous coach on the drive back to Atlanta in ’15, or the most recent topic, the financial health of the athletic program, he is a walking PR disaster.
      2) His disastrous hiring record of coaches – he has presided over the fall of the Georgia women’s gymnastics program because of abject failures in hiring. Other than Kirby and the track coach (internal promote), you can’t look at his hires as anything but failures. I shudder to think of what he’s going to do when Manny Diaz (men’s tennis) and Jack Bauerle (swimming/diving) decide to retire.
      3) The abject failure to support the programs financially – until he put his neck in the noose with the hiring of Kirby, the football program was practically being squeezed for every ounce of profit possible (exhibit 1 – the failure to build the CJPMIPF). Other programs felt the same pain.

      Liked by 1 person

      • Jay Gemes

        I agree with almost all of your argument. Add volleyball coach as a good hire, incredible turnaround in his first year, hope this trend continues

        Like

      • Russ

        You left out the fact that McGarity, himself an alumni of the UGA tennis program, allowed the NCAA to move the tournament away from Athens (where Magill built it into the event that it is) because he wouldn’t spend a few million to update the indoor courts. The last time the tourney was here, the university embarrassed themselves with the poor state of the facility.

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        • Thanks for that addition to the greatest hits (or misses), Russ.

          Like

        • Bulldog Joe

          The NCAA gave us a year to fix it, but The Georgia Way called their bluff and the NCAA played their cards.

          Arrogance lost that day and Greg said he couldn’t eat.

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        • Really, the tennis facility situation is the picture perfect example of the WTF’ishness.

          It’d be interesting to see the bumps in salary and the number of personnel in the Athletic Department that are strictly administrative / bureaucracy people (not coaches or sport specific analytics people or coaches personal admins).

          Like

    • James

      No – this is a non-profit. Maximizing profits is the last thing he needs to worry about. His job is to use the funds given to him to better UGA athletics.

      Like

    • Tony Barnfart

      but he really isn’t fielding competitive teams BECAUSE of the lack of investment. Football is only now reaching its full potential after Pruitt called us out and Kirby fully implemented the same winning strategy. What is a reserve fund for if not for saving your ass when you realize you’ve been asleep at the wheel for a decade (not all mcgarity)

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      • They didn’t use the reserve fund to build the IPF. They got donors to fund it.

        Like

        • I know that. We’re not in disagreement. I think my post was confusing (I was tired last night)…….. all I’m saying is that they SHOULD have tapped into the rainy day fund (instead) because their ineptness in failing to realize the competitive landscape for a period of years sure as hell sounds like a rainy day to me.

          Like

  9. “And for those of you who have been critical of me or anyone daring to question Butts-Mehre’s financial tactics, tell me, are you really okay with an ostensibly non-profit organization operating like this?”

    Senator, the problem is a lot of big 501c3 organizations (and family foundations) operate in exactly the same way. They rake in money from people’s generosity and then have a high-cost structure where only a small percentage of your contribution makes it to the cause you are supporting whether that’s research to cure some terrible disease or curbing world hunger.

    Regarding your question, Congress with the tax law change certainly is starting to recognize that these “charitable contributions” really aren’t that at all.

    Like

    • Mayor

      EE, you are right but the new tax law wasn’t needed to curb the 501(c)(3) abuses–enforcement of existing law was all that was needed and still is. Charities are not supposed to be able to make and retain large amounts of money. They are supposed to spend the dough on charitable causes. The IRS needs to send the universities (not just Georgia) a tax bill just like a for profit corporation (because that is what they really are)–then we’d see some changes. But likely not before.

      Like

  10. JCDAWG83

    McGarity is laughing at the fans and their bitching. He knows the checks are in the mail and will continue to be. If you don’t like the way things are being run, don’t pay McGarity and BM to keep running them the same way. No one is making you send them any money.

    Like

  11. Clay County

    Great job Senator! A 33% hike in ticket prices is reason to question the most inept AD on the planet!

    Like

  12. 69Dawg

    Senator, The Georgia Way, is much like a swamp. Old saying “It is hard to remember your primary objective is to drain the swamp when you are up to your ass in alligators”. Nobody at BM or the administration wants to fight the gators (ole boys network) so we (common fans) are being pissed on but told that it is raining.

    Like

    • 69Dawg

      PS if the Gayturds had wanted to rule the SEC in everything but football, maybe Mcgoofy should now be referred to a Gator Agent McGoofy.

      Like

  13. Russ

    I think I’ve figured out the rainy day that McGoofity is planning for:

    Liked by 1 person

  14. AirForceDawg

    National Association of Collegiate Directors of Athletics (NACDA) Directors’ Cup Standings

    UGA:

    2017-’18: 37th nationally, 4th in SEC (AD Greg McGarity) – note: Final Fall Standings
    2016-’17: 15th nationally, 4th in SEC (AD Greg McGarity)
    2015-’16: 15th nationally, 3rd in SEC (AD Greg McGarity)
    2014-’15: 14th nationally, 2nd in SEC (AD Greg McGarity)
    2013-’14: 16th nationally, 4th in SEC (AD Greg McGarity)
    2012-’13: 10th nationally, 3rd in SEC (AD Greg McGarity)
    2011-’12: 18th nationally, 3rd in SEC (AD Greg McGarity)
    2010-’11: 20th nationally, 3rd in SEC (AD Greg McGarity)

    2009-’10: 20th nationally, 4th in SEC (AD Damon Evans)
    2008-’09: 18th nationally, 3rd in SEC (AD Damon Evans)
    2007-’08: 10th nationally, 3rd in SEC (AD Damon Evans)
    2006-’07: 12th nationally, 3rd in SEC (AD Damon Evans)
    2005-’06: 9th nationally, 2nd in SEC (AD Damon Evans)
    2004-’05: 7th nationally, 2nd in SEC (AD Damon Evans)

    2003-’04: 5th nationally, 1st in SEC (AD Vince Dooley)
    2002-’03: 15th nationally, 3rd in SEC (AD Vince Dooley)
    2001-’02: 8th nationally, 2nd in SEC (AD Vince Dooley)
    2000-’01: 3rd nationally, 1st in SEC (AD Vince Dooley)
    1999-’00: 12th nationally, 3rd in SEC (AD Vince Dooley)
    1998-’99: 2nd nationally, 1st in SEC (AD Vince Dooley)
    1997-’98: 7th nationally, 2nd in SEC (AD Vince Dooley)

    Like

  15. saildawg

    Man this makes my blood boil. I emailed McG after the CFO took a local banking job, and the CFO position was then given to entrenched member of the AA. I am thinking of emailing him again. To his credit he did email me back, with vague and unsatisfactory answers last time. Ends meat indeed with a surplus of 48 million.

    Like

  16. Trbodawg

    I’m 35 plus years away from graduation, but I’d like to see that some of that surplus used to reduce Student “Activity” fees. . .

    Liked by 1 person

    • Trbodawg

      scratch ‘reduce’ insert ‘eliminate’

      Liked by 1 person

      • AirForceDawg

        Btw, UGA Athletics Association’s $81.7M reserve would be even greater had it not donated $80.5M ($50.5M for academics and $30M to the UGA Foundation as an endowment) to the university to support academics, diversity initiatives, experiential learning, etc. between 2006-2016:

        2006: in July President Adams and Athletic Director Damon Evans decide that UGA Athletic Association will begin donating $4M per year to UGA to support academics and services
        2007: UGA Athletics Association donates $4M to UGA for academics and services
        2008: UGA Athletics Association donates $4M to UGA for academics and services
        2009: UGA Athletics Association agrees to donate an extra $1M in addition to the $4M per year to UGA for academics and services; however, UGAA refuses to pay traditional bowl bonuses to coaches and staff citing “difficult economic conditions being experienced by the university”
        2010: UGA Athletics Association agrees to donate an extra $2M in addition to the $4M per year to UGA for academics and services
        2011: UGA Athletics Association donates $4M to UGA for academics and services; on 20 December Coach Richt, his assistants, and staff receive a Letter of Admonition from Athletics Director Greg McGarity b/c Richt paid them $63,556.50 out of his own pocket for traditional bowl bonuses that UGA reneged on in 2009
        2012: UGA Athletics Association donates $2M to UGA for academics; additionally, UGA Athletic Board agrees to move $30M from its cash reserves to the UGA Foundation as an endowment
        2013: UGA Athletics Association donates $5.5M to UGA for academics and services once the annual lease agreement is factored in
        2014: UGA Athletics Association donates $5.5M to UGA for academics and services once the annual lease agreement is factored in
        2015: UGA Athletics Association donates $5.5M to UGA for academics and services once the annual lease agreement is factored in
        2016: UGA Athletics Association donates an extra $1M to UGA for “experiential learning” in addition to the $4M to fund university initiatives

        Like

        • This is what comes of a school president who alienates a significant part of the donor base.

          Like

          • SCIllinois

            Isn’t this a good thing – the giving such large portions back to academics? (Of course screwing coaches out of bonuses and then coming down on Richt for being a good guy is BS).

            My only quibble might be to have these 4M chunks given to the endowment, rather than one-off things.

            Maybe I’m misreading something in how y’all view the academic contributions in light of ADGM’s doublespeak?

            Like

            • The reason this is a thing is because Michael Adams alienated a sizeable chunk of the donor base on the academic side, so the school came up with the clever idea of leveraging athletics to make up some of the shortfall.

              If I want to give to the school, I’ll give to the school. If I want to give to the athletic department, I’ll give to the athletic department. It’s not that hard a concept to grasp, is it?

              Like

              • Mayor

                Mike Adams–gone but not forgotten.

                Like

              • Russ

                Exactly, Senator. I’m not a big doner by any means, but when I give, it’s very specific. I wouldn’t be very pleased if I specifically gave to A, but they turned around and gave it to B.

                Like

                • SCIllinois

                  Fair enough, I guess. I’m biased; I’m a professor. I was just surprised to see y’all upset that athletics was giving back so generously to the academic mission.

                  Like

              • MA

                The mid-2000s also correspond to the economic downturn in the state that led to furloughs and a period of five years in which raises for UGA (and state) staff were frozen; I imagine that also contributed (no pun intended) to Adams deciding that Athletics would cover some of that shortfall.

                Like

      • Russ

        Amen, brother! No matter where my daughter attends school, I’m going to be pissed stroking a check that includes that fee. Man, I hope she gets into a service academy!

        Like

  17. Jared S.

    Takeway:

    UGA could’ve paid Kirby $20 million his first year as HC and STILL been the most profitable athletics program in the SEC.

    Like

  18. TnDawg

    Well, what happens to the $47M? And where are the surpluses from previous years?

    Like

    • JonesDawg

      That’s what’s leaving me puzzled. where does the Cash go?

      Also, why are these numbers so much different than what Seth Emerson Reported?
      “UGA athletics had a surplus of $11.2 million in the most recently completed fiscal year, which ended July 31, 2017. That was according to a treasurer’s report filed at the September board meeting, which noted expenses of $119.1 million and revenues of $130.3 million. (The athletics department gives $4.5 million of that back to the school each year for academics.)”

      Like

      • AirForceDawg

        Note that the revenue and expenses reported by institutions to the Department of Education for Fiscal Year 2017 (i.e., 1 July 2016 – 31 July 2017) differs by a month from what UGA’s treasurer reported to the UGA Athletics Boards of Directors in September. As for the diminished surplus between the two fiscal reportings, UGA Athletics Association probably is making debt and bond payments on capital improvement projects not included in the data provided to the Department of Education.

        Like

        • AirForceDawg

          Department of Education Equity in Athletics Data Analysis Fiscal Year: 1 July 2016 – 30 June 2017

          University of Georgia Athletics Association Treasurer’s Fiscal Year: 1 August 2016 – 31 July 2017 (i.e., one month difference between the reporting periods)

          Some UGA Athletics Association Capital Improvement Projects:

          $39.5M to expand football facilities (12,000-sq ft S&C area; 8,500-sq ft training room; 60-yard wide by 20-yard long multi-purpose IPF [demolished on 13 January 2016]) at the Butts-Mehre complex; President Adams approves project as long as donors fund 50% of it; project completed January 2011 (Athletics Board approved project on 21 May 2009)

          $1.25M for Sanford Stadium for new flooring, ceiling fans, televisions and graphics, to the Champions Club, where the highest paying contributors sit on the north side club level. The board approved adding two LED panel to provide closed captioning. (Athletics Board approved project on 23 May 2013)

          $3M to refurbish two artificial turf football fields beside Lumpkin Street (Athletics Board approved project on 20 September 2013)

          $12M Foley Field Renovations to add seats and restrooms, widen a concourse, and upgrade the press box ($7M from the Athletics Association and $5M from UGA donors; Athletics Board approved project on 22 May 2014)

          $1.8M Enhancements to Stegeman Coliseum (Athletics Board Approved project on 26 May 2016)

          $4.575M Soccer Stadium Renovation (Athletics Board approved project on 26 May 2016)

          $5.27M Second phase of an interior renovation to Stegeman Coliseum (Athletics Board approved project on 9 September 2016)

          $4.35M to expand the golf teams’ clubhouse by 4,000 square feet (Athletics Board approved project on 9 September 2016)

          $2.1M for new LED advertising lighting in Sanford Stadium (Athletics Board approved project on 9 September 2016)

          $1M for an upgrade to the football stadium’s fire alarm system (Athletics Board approved project on 9 September 2016)

          $30.2M Indoor Practice Facility (opened February 2017) – note that ADGM originally required UGA donors to fund half of the project, but they actually funded all of it; btw, this was Coach Richt’s #1 priority in September 2004

          $63M West End Zone Project (expected to be completed prior to the 2018 season) – note that ADGM wants UGA donors to fund $53M of the project

          Like

  19. From AJC/DawgNation article on UGA finances:

    “UGA athletics had a surplus of $11.2 million in the most recently completed fiscal year, which ended July 31, 2017. That was according to a treasurer’s report filed at the September board meeting, which noted expenses of $119.1 million and revenues of $130.3 million. (The athletics department gives $4.5 million of that back to the school each year for academics.)”

    Why the different numbers?

    Like

  20. PTC DAWG

    Starting at #11 and up, every SEC School made more than 4.5 MILLION dollars, are we mad at all of them?

    Should we be last on this list?

    Like

  21. Thanks AirForceDawg. That makes sense. The best approach would seem to be to look at it both ways — i.e., net (after all expenses/interest payments) and gross (before those payments). I’m guessing we don’t have both types of data for ALA, FLA, etc.?

    Given higher debt loads at other schools, presumably their nets would shrink more than UGA’s. Which all feeds into the question of the appropriate debt levels (especially given historically low interest rates over the past 10 years).

    Like

  22. Former Fan

    There’s a reason the not for profit athletic departments now get to pay taxes with very little uproar from the rest of us. Way overdue.

    Like

  23. Jt (the other one)

    I need to hurry up and start a non-profit!

    Like