I was listening to Hyams this morning and he addressed this issue about the financial situation within the AD. His perspective matched what other print media have outlined about the UT financial situation.
In a way this is a tempest in a teapot saga. UT has plenty of income, but is low on cash reserves. According to everything that I have heard and read, UT is the only school in the SEC that operates with our specific financial model. The administration, for years, has siphoned off over 21 million dollars/year to go into the academic side of the university and what we are seeing shows that this model is unsustainable. That is probably why few, if any, other successful SEC schools utilize that form of financial redistribution. It also appears that this reverse flow of funds is coming to an end.
If all of that is true, and this methodology is ending, with that 21 million a year UT could more than fund the buyout of the current staff, pay a very expensive new staff, and still build the depleted cash reserves. It isn't like the AD is broke, there is still a huge amount of revenue coming into the university through the football program and that is slated to increase with the new TV contracts.