Up, up and away

How do you know when an athletic department isn’t run like a business?

When it sells a plane used for football recruiting for $1.4 million in 2018 and decides less than two years later it needs to explore buying a plane to use for football recruiting.  And here’s Greg McGarity, doing his best word salad work about that:

“I expect to get with the president next month to talk about opportunities,” athletic director Greg McGarity said this week. “Our intention was to go through a couple of cycles and have a financial review at the end of those cycles to figure out what’s the best path moving forward in our aviation efforts. We just concluded that coming off this recruiting season. We’re going through that review which we had planned all along. We may continue to do what we’re doing or we may go down a different path.”

You can probably guess the punchline.

McGarity said in 2018 that investing in a new aircraft would cost $8 million to $10 million.

Do I smell a booster pitch coming?

33 Comments

Filed under Georgia Football, It's Just Bidness

33 responses to “Up, up and away

  1. Cynical Dawg

    I gladly await the pop of the college sports money bubble. When’s gonna be our time, Lord? When, indeed?

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  2. dawgtired

    Well, they revealed their short-sighted tendencies with that move…and a costly one at that.

    I know it’s off topic but great music insert. I dig me some Sinatra.

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    • Mark

      Short sighted: maybe, maybe not. Given Kirby’s propensity for recruiting nationwide, there’s no denying that the jet McGarity mentioned buying would be a more efficient way to travel, time-wise, than the turboprop that UGA sold.

      Liked by 1 person

  3. We have to have executive relationships at a jet manufacturer in Savannah. Right?

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  4. The other Doug

    “Our intention was to go through a couple of cycles and have a financial review at the end of those cycles to figure out what’s the best path moving forward in our aviation efforts.”
    Translation- We thought it would be cheaper to rent.

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  5. spur21

    If you fly less than 200 hours a year you are better off renting a jet.

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    • RangerRuss

      Where Aviation is concerned I always defer to those whose flying time wasn’t relegated to sitting on corrugated steel with their feet on a skid or their ass in an inboard webbed seat. But whether it’s rented or leased, borrowed or bought and paid for, no expense should be spared to ensure UGA has the best maintained and modern aircraft available. We spend too much on frivolous shit to go cheap on transportation. The most dangerous thing we do every day is traveling to and from our destination.

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  6. Gurkha Dawg

    Check out Net Jets Greg. Also, you don’t need to “go through a couple of cycles”. Aircraft costs should me fairly easy to project.

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    • That was my thought as well. Hell, Delta has a program would cover both general and commercial.

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      • Gurkha Dawg

        I have a couple of friends who own their jets. Both say it is much more expensive than a program like Net Jets. The only reason they own is because most of the people they do business with own their jets and they need to make the proper impression.

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        • doofusdawg

          The reason you own is you can still take the one year accelerated depreciation in year one of the purchase. So if you buy a $10 million jet it really only cost you roughly $6.3 million. But if you are a non profit I don’t know how you can take advantage of this unless you can sell the tax credits. Perhaps a CPA here could chime in.

          As far as a new jet I would expect something like a CJ 3 or 4 or Phenom 300e. Owning a jet is probably something that Kirby is pushing for to help with branding and recruiting. From a financial standpoint I’m sure there are a number of more cost effective options. Somebody could by the jet and lease it to UGA… surprised someone has not offered this scenario.

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          • Gurkha Dawg

            I’m sure you know the the purchase price is just the start of the expense of owning a jet. The guys I know have a full time pilot that they employ. Then the cost of a hotel for the pilot if you’re just saying a night or two or the cost of fuel to fly the plane back home, then back to get you. Also insurance, hanger fees, maintenance. Maintenance is something you don’t want to skimp on. Basically it cost so much any prudent person wouldn’t do it unless they needed the cache that comes with it. Of course if you have so much money it doesn’t matter, then it doesn’t matter.

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    • WHB209

      Boats, planes and women….lease’um them don’t buy’um

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  7. OurADisaGlorifiedAccountant

    Good grief. If it flies or floats. You rent it.

    We aren’t flying the volume to demand ownership. This is about as big a vanity exercise as you can imagine.

    Liked by 1 person

  8. Red Cup

    Who knew we had “ aviation efforts”?

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  9. Go Dawgs!

    I tell ya, $8 million here, $8 million there, pretty soon you’re talking about real money!

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  10. Will (the other one)

    8-10 million is shopping isn’t shopping in the budget aisle, but considering a Gulfstream G-6 is in the neighborhood of $60 million, they are sort of being frugal…

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  11. ATL Dawg

    They should include this in the Hartman Fund brochure instead of pretending that Jake Fromm will go hungry and have no clothes or books without your “donations”.

    “Ladies and gentlemen, we’re just a poor, humble charitable organization. We need your donations to keep from drowning. Paying the players and fixing the concessions or bathrooms frightens and confuses us.”

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  12. FlyingPeakDawg

    Well, they could fly the plane around Sanford on game day with electronics outfitted to boost WiFi…and maybe listen in a little on the opposing team’s communications. Just saying…

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  13. TimberRidgeDawg

    Unit cost for Predator Drone is around $4M. Throw in a few rocket accessories, a little gas, and a Gen Z with a Joy Stick and a lot of the primary recruiting competition could be eliminated preemptively..

    Like