Don’t cry for Phil Fulmer, Knoxville.
Tennessee’s athletic department operated at a $6.5 million deficit during the 2018 fiscal year that ended June 30, according to UT’s annual revenue and expense report submitted to the NCAA and obtained by USA TODAY NETWORK – Tennessee via a public records request.
That operating deficit is due to the buyouts that stemmed from Tennessee firing football coach Butch Jones, his staff and athletic director John Currie.
By comparison, Tennessee operated at a $10.8 million surplus in the 2017 fiscal year, when it had only $1 million in severance expenses.
Tennessee reached a $2.2 million settlement with Currie in March after he was placed on paid suspension on Dec. 1, 2017. Phillip Fulmer replaced Currie as athletic director.
Jones and his staff were fired with time remaining on their contracts. Tennessee owed Jones a $8.26 million buyout due in monthly installments through the end of his contract, which expires Feb. 28, 2021.
After all, he’s probably got a nice buyout, too.
Get The Picture 
If Fulmer wants to operate Tennessee athletics as a massive bonfire to incinerate Haslam’s cash, more power to him.
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https://www.ttnews.com/articles/warren-buffett-reveals-he-paid-2786-billion-stake-pilot-flying-j
It’s Warren Buffett money they are burning.
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Did you see the inside-the-Browns piece on ESPN? They decided to put Browns-related social media up on a big screen so staff could see how fans were taking about the team. Dawg Pound is a famous reference to Cleveland fans, so a staffer decided to stream #DP. Which is apparently a popular porn reference.
20 minutes on the big screen. Orange really does make you stupid.
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The budget for urnge fabric more than doubled with the new hirings.
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Post of the day!
Don’t forget that Coach Orangeneck seems to be meeting Phat Phil at the Krispy Kreme regularly.
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Remember the astronauts saying that they could, from the Moon and with the naked eye, see an orange object moving swiftly through the parking lot of a KK back on the blue planet? Mystery solved?
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I see what you did there
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Good one! LOL!
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A fool & his money are soon parted.
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Looking forward, Pruitt’s buyout is $2.3M, Chaney’s is $1M, and Fulmer’s is $500K annually.
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me too
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At Tennessee, anything is possible.
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25-55 in the SEC over the past decade. “Mediocrity” is now a complimentary term in Knoxville when it comes to their football program.
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That’s a lot of scratch to let Fulmer try and recreate his glory days.
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This is going to end very badly, isn’t it?
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With Volsintears.
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#1 in bball. Problem solved.
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UT always was really more of a basketball school.
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Hahahahaha! I found this funny as shit! Can you imagine if Greg McStingy had been in charge of the money when that went down?
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