I have some stuff to share with you from the Georgia Tech Athletic Association meeting last Thursday. I was going to blog about it last week but the Brian Oliver transfer came up.
The budget for fiscal year ‘12 was approved at $58.9 million, up from $55.1 million in the past fiscal year. Increased revenues from the new ESPN contract and also the stronger home football schedule (Clemson, Virginia Tech, Georgia) are expected to cover the increased expenses (more on that below).
Some of the increased costs are due to the firing of basketball coach Paul Hewitt and also the impact of moving the basketball games off campus due to the renovation of Alexander Memorial Coliseum. Both men’s and women’s teams will also play more road games than usual, meaning higher travel costs.
The budget, though, has an apparent leak in it, as football season ticket sales are slower than expected, despite the strong odd-year schedule. As of last week, Tech had sold about 22,300 season