CDS Contract Details

[TechPhi97]

I would bet a large part of that is seat fees/required contributions to buy seats at the cesspool. Doesn't make it any less real but helps to understand where it comes from.

In UGA's, the contributions do include premium ticket sales. They have $37M in ticket sales + $74M in contributions (which includes ticket fees above face value), so a total of $111M.

Tech accounts for those ticket premiums in "Event Related" revenue from Premium Leases fees, which means $12.3M from ticket sales, $6.9M from contributions and $9.6M from premium lease fees. Total up to $28.8M. So the difference in ticket sales and contributions is ~$81M per annum.

 

[Peacone36]

"Pay dat man his money"

You feeling satisfied now, Teddy?

 

[Connell62]

You feeling satisfied now, Teddy?

One of my all time favorite movies!

 

[Peacone36]

One of my all time favorite movies!

First DVD I ever purchased

 

[1979jacket]

Look at the amount of money the AA collects in donations (FY22: $6.9M). Then look at what UGA collects in donations (FY22: $74.3M). The difference is something like $70M per year. This is much more than the conference/media rights (GT: ~$37.5M vs UGA: ~$53M).

GT Link: https://finance.gatech.edu/sites/default/files/2022-10/GTAA_Financial_Statements-6-30-2022.pdf
UGA Link: https://georgiadogs.com/documents/2023/2/8/2021-22_Reporting_Year.pdf

wow - i knew it was bad but didn't know that bad of a difference

 

[RamblinRed]

Note its not just contributions.
GT had $12.3M in ticket sales (across all sports), UGA had $37.1M

This is what you see at the really large universities. You would see this at an Ohio St or Michigan.

Or even take my dad's alma mater for instance - Wisconsin.
They had $38.1M in ticket sales. Now they only had $7M in donations. So while donations were in line, their ticket sales dwarf what we can produce.

Ohio State's AD said previously they will make over $100M in revenue from their home football games.

So even if you get into a conference with a higher media payout, you are going to be way behind in terms of other revenue sources, especially tickets sales.

 

[forensicbuzz]

Note its not just contributions.
GT had $12.3M in ticket sales (across all sports), UGA had $37.1M

This is what you see at the really large universities. You would see this at an Ohio St or Michigan.

Or even take my dad's alma mater for instance - Wisconsin.
They had $38.1M in ticket sales. Now they only had $7M in donations. So while donations were in line, their ticket sales dwarf what we can produce.

Ohio State's AD said previously they will make over $100M in revenue from their home football games.

So even if you get into a conference with a higher media payout, you are going to be way behind in terms of other revenue sources, especially tickets sales.

All of this is true. But, you also have to look at how many teams each is supporting. There is a deficit, for sure. But, it's not as bad as the raw numbers make it look.

I believe we have 17 varsity teams and Ohio State has 36 varsity teams. Wisconsin has 23. uga has 21.

 

[ESPNjacket]

Note its not just contributions.
GT had $12.3M in ticket sales (across all sports), UGA had $37.1M

This is what you see at the really large universities. You would see this at an Ohio St or Michigan.

Or even take my dad's alma mater for instance - Wisconsin.
They had $38.1M in ticket sales. Now they only had $7M in donations. So while donations were in line, their ticket sales dwarf what we can produce.

Ohio State's AD said previously they will make over $100M in revenue from their home football games.

So even if you get into a conference with a higher media payout, you are going to be way behind in terms of other revenue sources, especially tickets sales.

The swings in categories are due to a lack of accounting standards. All of the schools put different stuff in different buckets. The totals are all that really matter.

 

[MacDaddy2]

That is a cheap price. Will be either the lowest or 2nd lowest in the ACC (depending upon Grant's deal with BC). $600K less than what Pastner would have made this year.

Damon Stoudamire given $2.1 million salary for first season at Georgia Tech

The contract covers five years.

www.ajc.com

"The $2.1 million salary for the 2023-24 season is the lowest among ACC coaches, according to the USA Today coaching salary database, although figures for Duke coach John Scheyer, Boston College coach Earl Grant and Wake Forest coach Steve Forbes have not been made available."

Stoudamire is eligible for incentive compensation for the program’s Academic Progress Rate: $50,000 if the APR is greater or equal to 950, $75,000 if greater or equal to 960, $100,000 if greater or equal to 970 and $100,00 if a single-year APR falls in the national top 10.

If the Yellow Jackets finish in the top four of the regular-season ACC standings, Stoudamire will be given $100,000. He also could make an extra $100,000 should Tech finish as ACC regular-season champions and/or win the ACC tournament championship.

Stoudamire also could receive $50,000 if the Jackets make the NCAA Tournament, $50,000 for winning an NCAA Tournament First Four game, $75,000 for a first-round NCAA Tournament, $100,000 for a second-round win, $150,000 for a third-round win, $200,000 for a win in the quarterfinals, $250,000 for advancing to the national championship and $300,000 for winning a national title.

Should Stoudamire be named national coach of the year, he will receive $100,000. An ACC coach of the year honor gets Stoudamire a $50,000 bonus.

Stoudamire can earn an extra $250,000 if he remains the Tech coach through May 15, 2025, and another $250,000 if he’s still the coach through May 15, 2027. He received $80,000 for relocation costs, a country club membership and the use of a Georgia Tech Athletic Association vehicle.

Should Stoudamire opt to voluntarily terminate his contract before April 30 he will owe the GTAA $5 million, a figure which decreases by $1 million every year until April 30, 2028. If Tech terminates Stoudamire’s contract without cause it will owe the coach 100% of his contract in 2024 and 2025, 60% in 2026 and 50% in 2027 and ‘28.

Thanks Red for summarizing this awhile back. If I interpret this correctly he will still have $4.9 M remaining for 2027 and 2028 after the end of next year. $2.45M buyout feels relatively inexpensive in the big scheme of things.

 

[Wrecked]

Thanks Red for summarizing this awhile back. If I interpret this correctly he will still have $4.9 M remaining for 2027 and 2028 after the end of next year. $2.45M buyout feels relatively inexpensive in the big scheme of things.

What’s batts buyout on top of that? You can’t let batt walk away from the hire just like tstan couldn’t walk away. Gotta take both out if you take one .

 

[gte447f]

What’s batts buyout on top of that? You can’t let batt walk away from the hire just like tstan couldn’t walk away. Gotta take both out if you take one .

What? Batt isn’t getting fired. Not over this. He would be the one doing the firing, if it were to happen. And I’m not saying it should happen, nor do I think that it will this season. After next season at the earliest. Of course, I hope we are in the tourney after next season and this isn’t an issue.

This is not the same as Tstan saying Geoff was “his guy” or whatever he said.

 

[Root4GT]

What’s batts buyout on top of that? You can’t let batt walk away from the hire just like tstan couldn’t walk away. Gotta take both out if you take one .

That is nonsensical.

 

[King2b]

I'm not against J Batt but just wondering what he provides. Key was kinda thrust upon him when leaks of Fritz surfaced. CDS was out of the box thinking which I give him credit for but hasn't paned out so far. Diversifying the donor base is probably the best thing he's done IF he can make solid hires going forward.

 

[gte447f]

I'm not against J Batt but just wondering what he provides. Key was kinda thrust upon him when leaks of Fritz surfaced. CDS was out of the box thinking which I give him credit for but hasn't paned out so far. Diversifying the donor base is probably the best thing he's done IF he can make solid hires going forward.

I don’t really follow the fund raising, but from what I read on here, he is leaps and bounds ahead of TStan in that department. Plus, he can speak in complete sentences (sorry, I know tstan is a tech man, but good grief, how?).

 

[kg01]

That is nonsensical.

As nonsensical as folks thinking a coach firing is on the horizon.

 

[orientalnc]

A bunch of us are disappointed in the results this season, but I doubt there's a serious discussion at the GTAA about firing Damon.

 

[Techwood Relict]

As nonsensical as folks thinking a coach firing is on the horizon.

 

[AUFC]

A bunch of us are disappointed in the results this season, but I doubt there's a serious discussion at the GTAA about firing Damon.

I suspect one consideration of the initial 6 year contract was that it gives ADJB the ability to evaluate the contract after year 3 and determine whether to fire CDS for a minimal buyout or extend him as to not hurt recruiting. Historically, coaches need 4+ years remaining on their contract at all times to succeed with high school recruiting but I'm not sure how that has changed in the era of free transfers.

 

[Treb1982]

That is a cheap price. Will be either the lowest or 2nd lowest in the ACC (depending upon Grant's deal with BC). $600K less than what Pastner would have made this year..

Apparently the quote "you get what you paid for" still rings true in 2025.

 

[bke1984]

I suspect one consideration of the initial 6 year contract was that it gives ADJB the ability to evaluate the contract after year 3 and determine whether to fire CDS for a minimal buyout or extend him as to not hurt recruiting. Historically, coaches need 4+ years remaining on their contract at all times to succeed with high school recruiting but I'm not sure how that has changed in the era of free transfers.

Is actually raises a good point. Seems like keeping coaches on extended contracts might be silly these days. The roster argument is gone given the kids can just bail whenever - and many likely will when the coach leaves. Why not keep coaches on two year contracts and just extend whenever you want to keep them. The buyouts never really deter other programs from poaching anyways. Seems like it’s more likely that coaches get fired than leave for greener pastures.