Somebody must have had a little talk with Cheek

[TechnoVol]

RELEASE: 11/20/12

Chancellor Jimmy G. Cheek Addresses UT Athletic Department Budget Situation

As we face a transition in our football program, I want to make it clear that we support a mission of comprehensive excellence in our athletics department. Under the leadership of Vice Chancellor and Athletics Director Dave Hart, we will do the things required to return our team to national prominence. As we begin our search for a new coach, I have assured Dave that he will have the support and resources he needs to be successful.

For the next three years, the money the athletics department has contributed to the campus will be reinvested in the athletics department. Relieving athletics of this commitment will allow the department to add an average of $6 million per year to its bottom line for a total of $18 million over three years.

The money was committed under different circumstances and we now need to allow athletics to use these dollars to attain financial stability and invest in the future.

Most of this money has been used for scholarships and fellowships. We will continue to honor these commitments, primarily through private gifts. Let me emphasize, we will not reduce our commitment to students.

I know that winning championships and competing at the highest level lifts the national profile of the University of Tennessee. As chancellor, I am committed to winning both on the field and in the classroom.

 

[Mason72]

Hart's PIMP HAND IS STRONG

 

[TNHopeful505]

That is HUGE.

Gruden....come on down!

 

[RichRollin]

Wow!

 

[juggernaUT]

Haven't been this excited about Tennessee football in a long time! Dave is gonna need a lot of powder from here on out!

 

[vol66]

BOOOOOOOOOmM!

 

[jortfreeTN]

Cheeks is seeing that people give money to the university because of football not our Ag. Department.

 

[Insunseri]

So dooley's buyout is going to come from money that would have otherwise gone to students? lol, that's gotta be a guilt trip for dooley

 

[Coastypop]

RELEASE: 11/20/12

Chancellor Jimmy G. Cheek Addresses UT Athletic Department Budget Situation

As we face a transition in our football program, I want to make it clear that we support a mission of comprehensive excellence in our athletics department. Under the leadership of Vice Chancellor and Athletics Director Dave Hart, we will do the things required to return our team to national prominence. As we begin our search for a new coach, I have assured Dave that he will have the support and resources he needs to be successful.

For the next three years, the money the athletics department has contributed to the campus will be reinvested in the athletics department. Relieving athletics of this commitment will allow the department to add an average of $6 million per year to its bottom line for a total of $18 million over three years.

The money was committed under different circumstances and we now need to allow athletics to use these dollars to attain financial stability and invest in the future.

Most of this money has been used for scholarships and fellowships. We will continue to honor these commitments, primarily through private gifts. Let me emphasize, we will not reduce our commitment to students.

I know that winning championships and competing at the highest level lifts the national profile of the University of Tennessee. As chancellor, I am committed to winning both on the field and in the classroom.

Can we all say GRUDEN?

 

[terrypedigo]

:good!:Lets do it instead of talk, back it up go get the big dog instead of a pup.

 

[DougVol]

Not saying we are. But we announce Gruden, this state will come unhinged. Shotguns will be fired. Children will be scared! Fathers and sons will be drunk.

 

[bigsteve13]

this may be our saving grace. 2 mil wasn't going to cut it

 

[OrangeByBirth]

Cheek is just saying that after the last Board of Trustees meeting, the academic side cannot continue to rob the athletic department. Athletic money will stay in the athletic department for the time being. I suspect that if the reserve levels reach an appropriate point, the athletic department will "voluntarily" transfer some to the academic arena.

 

[82_VOL_83]

So dooley's buyout is going to come from money that would have otherwise gone to students? lol, that's gotta be a guilt trip for dooley

Read much?

 

[FRO]

Gruden is coming within 100 miles of Knoxville.....his ego is NFL...not NCAA bull****

 

[Vols4life]

the power boosters aka haslam and thornton coming through...no wonder hart said the academic side of things would change we're going to get those juco guys in school now...here comes the winning guys

 

[VolFromNashville]

Great news

 

[terrypedigo]

So dooley's buyout is going to come from money that would have otherwise gone to students? lol, that's gotta be a guilt trip for dooley

Dooley is laughing his azz off you think he cares about the students, he is a lawyer think about it he doesnt care one bit, in the end he tried to get fired he wasnt ever a VOL he was a dog all along dont respect the man one bit.:banghead2:

 

[SDV]

I am so fired up now!!!

 

[strongtower]

OP you made my day :rock:

 

[Kingston Vol]

Huge HUGE news!! I'm freaking excited.

 

[Donvolson]

Hart's PIMP HAND IS STRONG

totally agree

 

[Jax_Vol]

I told Jimmy about the photos that we have here at the VolNation. He prefers for those not to get out...

 

[orangepeopleeater]

Is 6 million enough for Gruden and his staff both, or is this for a coach alone.

 

[orangeluvr]

RELEASE: 11/20/12

Chancellor Jimmy G. Cheek Addresses UT Athletic Department Budget Situation

As we face a transition in our football program, I want to make it clear that we support a mission of comprehensive excellence in our athletics department. Under the leadership of Vice Chancellor and Athletics Director Dave Hart, we will do the things required to return our team to national prominence. As we begin our search for a new coach, I have assured Dave that he will have the support and resources he needs to be successful.

For the next three years, the money the athletics department has contributed to the campus will be reinvested in the athletics department. Relieving athletics of this commitment will allow the department to add an average of $6 million per year to its bottom line for a total of $18 million over three years.

The money was committed under different circumstances and we now need to allow athletics to use these dollars to attain financial stability and invest in the future.

Most of this money has been used for scholarships and fellowships. We will continue to honor these commitments, primarily through private gifts. Let me emphasize, we will not reduce our commitment to students.

I know that winning championships and competing at the highest level lifts the national profile of the University of Tennessee. As chancellor, I am committed to winning both on the field and in the classroom.

Thanks to the Haslams and to all the faithful and generous donors who support and love the University of Tennessee. :clapping: :salute: