rexvol
The Minister of Defense
- Joined
- Apr 29, 2006
- Messages
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"We have the smallest outdoor football footprint that I've seen, with the possible exception of Duke. We need more outdoor fields. We need to partner with the University, in my opinion, to consider to have meaningful conversation about our residence hall. Now we don't know. The University has a lot of needs. Obviously we have needs for new residence halls at our university. Significant needs."
Was totally shocked by this statement. I know that Gibbs is dated and we need a new dorm for those guys, but the outdoor field issue surprised me.
"We have not built and new residence hall on the campus of the University of Tennessee for 40 years. You need a minute to absorb that. Forty. We're building one now, one is under construction."
Anyone come across an artist rendering of the new dorm? Also, how did Hammy let this go on?
"But not before we upgrade the men's and women's basketball locker rooms. You know it was amazing to me that when I first went into our ladies' basketball locker room, for Pat to have won eight national titles. If I took you all on a trip around the Southeastern Conference, and into the other locker rooms, you'd be shocked. You'd be shocked. So we're going to upgrade those."
Hamilton should be ashamed. Where was the money going?
"The perception and the reality, there was a huge divide between our financial position and our real position and the perceived position. The perceived position was that we were plus with money. And the real position was that that was not the case.
"Now I'm not concerned about that long term, because we do have a strategy. It'll take us where we want to go. But to give you that example, which again has been made public in nature, our reserve was under $2 million. Now for a Southeastern Conference athletics department, that's unheard of. Because we compete against people that have financial reserves athletically of $50 to over $100 million."
Everyone needs to donate to the Tennessee Fund, if only $10.
Tennessee Fund | Support University of Tennessee Athletics
"One of the things the Chancellor has done, two things he's done, he took revenues, athletic revenues that we've been transferring as a gift, a portion of a larger donation back to the university. But the gift portion, he returned three years of that gift portion to us so we could stabilize. And then he has committed to allow us to keep in the athletic revenue, all of the new money, once we've renegotiated our television contract through the Southeastern Conference. So that will enable us to have a firm footing financially to move forward. But that was, as I told Doug, probably the biggest surprise. The specific thing you're mentioning, of course we're legally bound and contractually bound to pay those buyouts, but it was a big number, you're correct. Both in the number of people and the financial number was pretty significant in nature."
I think the academics are starting to "get it".