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Any news?? (stage 3: press coverage)
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<blockquote data-quote="RamblinRed" data-source="post: 895907" data-attributes="member: 1776"><p>IMO this year is already a sunk cost. So while I want a coaching change, i'm willing to wait until the season concludes for that to happen (I don't feel like it is worth $3.3MM for a cash strapped AA to remove the coach with 66 days left).</p><p></p><p>GT AA's issues run much deeper - basically going back to DRad's building explosion.</p><p>GT is currently paying $14MM per year on debt servicing - that is more than the AA spends each year on scholarships.</p><p>After 2022 GT AA still has over $300MM in debt to pay off, with a huge payoff coming in 2023 ($33MM principal payment - must have a note coming due).</p><p></p><p>I'm afraid having to pay his full contract will simply further cause issues in trying to hire a replacement, as you are basically taking more than a $1MM off the table for the next 3 years that could be used for the new staff.</p><p></p><p>I'm worried that if we pay that extra $3.3MM it will be like the MBB program where we had to make inexpensive hires because that is all we could afford.</p></blockquote><p></p>
[QUOTE="RamblinRed, post: 895907, member: 1776"] IMO this year is already a sunk cost. So while I want a coaching change, i'm willing to wait until the season concludes for that to happen (I don't feel like it is worth $3.3MM for a cash strapped AA to remove the coach with 66 days left). GT AA's issues run much deeper - basically going back to DRad's building explosion. GT is currently paying $14MM per year on debt servicing - that is more than the AA spends each year on scholarships. After 2022 GT AA still has over $300MM in debt to pay off, with a huge payoff coming in 2023 ($33MM principal payment - must have a note coming due). I'm afraid having to pay his full contract will simply further cause issues in trying to hire a replacement, as you are basically taking more than a $1MM off the table for the next 3 years that could be used for the new staff. I'm worried that if we pay that extra $3.3MM it will be like the MBB program where we had to make inexpensive hires because that is all we could afford. [/QUOTE]
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