Vols Athletic Department Hopes to Break Even

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 6/19/2013 6:30 pm

KNOXVILLE, Tenn. (AP) - Tennessee's athletic department is hoping to break even when the fiscal year ends June 30 according to a review at the university's board of trustees meeting.


The department ran a deficit of $3.98 million a year ago, dropping financial reserves below $2 million. Officials cut the budget for 2012-13 from $105.9 million the year before. Officials said Wednesday they expect revenues between $96 and $97 million but must see the final expenses for the year.


University officials declined to comment until after the fiscal year ends.


Three consecutive losing seasons in football, and a decline in ticket sales and donations were cited for the revenue drop. Firing coach Derek Dooley last November cost a $5 million buyout, and new coach Butch Jones's contract is worth $18.2 million.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
Vols Football Scoreboard
Vols Basketball Scoreboard
General Sports News
Inergize Digital This site is hosted and managed by Inergize Digital.