UT: No more funding aid for sports (GVX story)

#1
ut18vols

ut18vols

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#1
For starters who havent seen this story here is the link: UT: No more funding aid for sports » Knoxville News Sentinel

It seemed to build from Ivan Maisel post in his "Three Point Stance" blog about UT academic side using the athletic side as an ATM. 3-point stance - College Football Nation Blog - ESPN Check Dec 12 blog post.

So now that the articles are posted above my question is: Wasn't the athletic side donating $6 million/year to academic side until the recent agreement with Hart and Cheek? This article makes it sounds like the athletics has been taking money from the academic side, which to my knowledge isn't true. The athletic side donates to the academic side to build unity between the two I would think.

The reason for the agreement to stop the donations was to build the reserve fund back up since it is drastically low compared to opponents in the SEC. Also, to help pay for the many, many buyouts on the payroll currently.

According to comments from posters on the Knox News story: Does any other SEC school donate from their athletic budget to the academic side? This article really puts Tennessee as a whole in a bad light. It is sad the university brass on the academic side seems to have a hate for the cash cow at the university. Times have been rough last couple years but between TV contracts, 100,000+ seat stadium, millions upon donations from alumni...one would think the academic side would be working with the athletics.

I did not see this discussed anywhere on the board, but what is y'all opinion on this? I did not see any of the beat guys discuss this on Twitter but Evan W. did retweet the story.
 
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#3
#3
Cut the book readers off...time for them to get out in the cold, dark world and learn to survive on their own or die. The football program can continue to feed fish to the nerds OR we can teach them how to fish...and leave them to stave to death.

Shut that stupid college part down. It is a distraction for the players.
 
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#4
#4
UT Hill Man said:
We SHOULD NOT use football revenue for anything other than Football expenditures.
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THIS!!! That is how Bama got $100 million in reserves to build a power. We can do the same. The football side should never, ever, ever give another dime to that fricken academic booger picking bunch of virgin nerds.
 
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#5
#5
Jax_Vol said:
THIS!!! That is how Bama got $100 million in reserves to build a power. We can do the same. The football side should never, ever, ever give another dime to that fricken academic booger picking bunch of virgin nerds.
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Your Troll-Fu . . . it's it's . . . Beautiful!:bow2::bow2::bow2:
 
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#7
#7
Looks to me like you misunderstood the article. Basically, they are saying that academic revenue will not be used to balance the athletic departments budget, which is all fine and dandy as we never expected any help from them in the first place.

Title is a bit misleading though.
 
#8
#8
barney said:
Looks to me like you misunderstood the article. Basically, they are saying that academic revenue will not be used to balance the athletic departments budget, which is all fine and dandy as we never expected any help from them in the first place.

Title is a bit misleading though.
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Title is very misleading. This quote ("We've made a strong statement that we're not using state funds to backfill athletics," said Chris Cimino, vice chancellor of finance. "We've done all we're going to do.") is what lead me to believe the academic side was helping athletics. Only thing that changed was the athletic side said we will not be donating for three years, the school side did not use "their" funds.
 
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#9
#9
The academic side has never given money to the athletic side at The University of Tennessee. UTK academics has agreed to stop taking a 6 million dollar yearly donation from UTK athletics. All this article states is that the board at UTK has stated that they will not give money to sports from the academic side on top of no longer taking the donation. People are turning this to make us look bad but really this is just smart financing to save our athletic department that was bled dry by coaching changes and the academic department.

On another note, Tennessee is one of the few athletic departments that makes a profit almost every year and has donated back to a school instead of being financially supported by the school. On top of that, the UTAD has been donating 6 mil a year to the academic side which is ridiculous compared to the amounts the few other profitable school sports programs give back. Most do a profit percentage donation at the end of the year.
 
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#10
#10
The football revenue is gonna help keep the swim team, golf team, etc.. a float which is great but for the academic side to be biting the hand that feeds them rubbed me wrong. Just my opinion though.
 
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#12
#12
thayes9 said:
The academic side has never given money to the athletic side at The University of Tennessee. UTK academics has agreed to stop taking a 6 million dollar yearly donation from UTK athletics. All this article states is that the board at UTK has stated that they will not give money to sports from the academic side on top of no longer taking the donation. People are turning this to make us look bad but really this is just smart financing to save our athletic department that was bled dry by coaching changes and the academic department.

On another note, Tennessee is one of the few athletic departments that makes a profit almost every year and has donated back to a school instead of being financially supported by the school. On top of that, the UTAD has been donating 6 mil a year to the academic side which is ridiculous compared to the amounts the few other profitable school sports programs give back. Most do a profit percentage donation at the end of the year.
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Ok thanks for your insight this makes more sense now. So I see your point that the academic side will not use any of their normal budget to help with further cost on athletic side is something came up, since UT has already withdrew their yearly donation.
 
#16
#16
How about all revenue generated by athletics should be used as required by Title IX but only within the athletic dept and not deposited in to the general fund?
 
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#17
#17
If Hammy borrowed money from the university to buyout Peterson he was borrowing money the AD had already given to the school. Therefore he was borrowing his own money. Seems legit!!!!!
 
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#18
#18
Jax_Vol said:
THIS!!! That is how Bama got $100 million in reserves to build a power. We can do the same. The football side should never, ever, ever give another dime to that fricken academic booger picking bunch of virgin nerds.
Click to expand...

It sounds like Hart stopped the funding to academics and then got a weak threat from the academics side of it. That's how I see it after reading this.

"If the $1.9 million in the athletics reserve fund isn't enough to cover any operating deficit, the campus should have enough fund balances across other auxiliary accounts — such as parking, dining and the bookstore — to cover any shortages. No money would actually cross departments, however, and athletics would have to immediately work to build up revenue and balance its budget."
 
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#19
#19
babyavi said:
It's really not good the precedent that was set with Hamilton. Tens of millions were "gifted" to the academic side and many promises were made to continue this. Now we are struggling due to the same person who hired Kiffin and Dooley, the UT brass want to strap the AD publicly about their use of UT funds which is ridiculous. UT's AD has contributed more to the academic side than 95% of Division I colleges in the last 10 years.

Public perception is that the UT AD took a loan from the academic sector which is completely false since it was not their money to begin with. These issues with understanding that UT athletics drives money for all things UT must come to the forefront.

3-point stance: Changing Vols' culture - College Football Nation Blog - ESPN
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I copied this from the other topic that was just started, but this backs up my point.

All in all, I understand UT academics does not want to support UT athletics if they operate in the red with money from their budget. But to come out with this article making it sound like the athletic dept. has been using academic money is wrong. Yes the former AD made tons of pledges and now that UT athletics need to retract from those commitments for a few years, no need to bite the hand that fed academic side for many other years.
 
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#20
#20
Jax_Vol said:
Cut the book readers off...time for them to get out in the cold, dark world and learn to survive on their own or die. The football program can continue to feed fish to the nerds OR we can teach them how to fish...and leave them to stave to death.

Shut that stupid college part down. It is a distraction for the players.
Click to expand...

tumblr_lwgmnaIoxb1qdu8imo1_500.jpg
 
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#21
#21
Jax_Vol said:
Cut the book readers off...time for them to get out in the cold, dark world and learn to survive on their own or die. The football program can continue to feed fish to the nerds OR we can teach them how to fish...and leave them to stave to death.

Shut that stupid college part down. It is a distraction for the players.
Click to expand...

How's that GED treating ya hoss?
 
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#22
#22
UT Hill Man said:
We SHOULD NOT use football revenue for anything other than Football expenditures.
Click to expand...

If this were true, the university would have no need for the football team and might as well do away with the program. College football is not the NFL where it has an owner who can do what he wants with the money. College football makes universities money period.
 
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#23
#23
It's the liberals there that always make a stink. Send them on their way. They can all go teach at vandybuilt....
 
#25
#25
ut18vols said:
I copied this from the other topic that was just started, but this backs up my point.

All in all, I understand UT academics does not want to support UT athletics if they operate in the red with money from their budget. But to come out with this article making it sound like the athletic dept. has been using academic money is wrong. Yes the former AD made tons of pledges and now that UT athletics need to retract from those commitments for a few years, no need to bite the hand that fed academic side for many other years.
Click to expand...

Having watched from the outside for years, there appears to always be some academic folk who think they are "all that", who make some statement to make the athletic side appear lower than them. I actually think it makes the whole school look stupid, and these people need to be marginalized or fired.

Obviously, the athletic side would not be there without the academic side, but for the academic side to bite the hand that is currently feeding them is simply moronic. Truth is, they are just jealous.

If I was Hart, I would make sure that there was never a transfer of one penny to the academic side again - at least until some of those people are fired.
 
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