Georgia Tech athletics director Dan Radakovich was included in a list appearing in Sunday’s Miami Herald of potential candidates to take a similar position at Miami. Former athletics director Kirby Hocutt resigned to accept a similar position at Texas Tech.
Radakovich has a tie to Coral Gables, having worked for Miami from 1983-85 as an assistant business manager.
He told a reporter from the Macon Telegraph on Sunday that he hasn’t had any discussions with Miami.
Since taking over in Atlanta in 2006, Radakovich has led an arguably unprecedented series of facilities improvements at Tech, including a new softball stadium, as well as a new practice facility for the men’s and women’s basketball teams. An indoor football practice facility is under construction and Alexander Memorial Coliseum will soon be demolished and construction will begin on the $45 million McCamish Pavilion. Plans for a rebuilt tennis facility are in the works, and there are discussions for internal renovations to the baseball stadium.
The Georgia Tech Athletics Association recently sold an approximately $90-million, 30-year bond that will fund the construction of those projects. With the bond, the GTAA’s projected debt will increase to approximately $190 million and will give Tech an annual debt service of as much as $13.7 million by 2014. The GTAA’s current annual debt is $7.2 million.
Though Tech is a public school and Miami is private they have similarities.
Miami had an undergraduate enrollment of 9,268 students in 2009-10, according to the U.S. Department of Education. Tech had 12,351 undergrad enrollees, according to the same report.
Miami’s athletics department had revenues of $56 million compared to $51 million in expenses in 2009-10, according to the DOE report. Georgia Tech had revenues of $47 million with similar expenses, according to the same report. Tech’s operating budget for the 2011 fiscal year will be approximately $55 million.
Tech and Miami field teams in many of the same sports, though Miami also features women’s golf , rowing and soccer and doesn’t have softball.
– Doug Roberson, AJC