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Hire Fast, Fire Slow?
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<blockquote data-quote="RonJohn" data-source="post: 868594" data-attributes="member: 2426"><p>What I was pointing out is that "school" management is limited by law/regulation in what they can provide from a financial standpoint. The school and/or students fees can only provide a maximum of 10% of the budget for athletics. The other 90% is required to come from athletics. (tickets, merchandise, broadcast rights, donations, etc.) According to the last numbers I saw, the money from the school and student fees was very close to 10% of the overall budget. The broadcast rights are part of the contract with the ACC, and there isn't much that the GTAA can do to increase that revenue. The ONLY way to increase revenue for the GTAA is from fans/boosters. The GTAA cannot spend money that it doesn't have. (Unless they want to put athletics in several hundred millions of dollars worth of debt, oh wait...)</p><p></p><p>It has been a pet peeve of mine for a while that GT fans complain that GT athletics don't spend enough money, while at the same time complaining about ticket prices, concessions prices, merchandise prices, etc. I am afraid that boosters are going to have to step up next year or GT football will just regress even more. I think that ticket revenue is going to decrease by a large amount next year. Unless CGC is able to turn things around, GT will have less revenue to work with and have to pay both a buyout and a new coach.</p></blockquote><p></p>
[QUOTE="RonJohn, post: 868594, member: 2426"] What I was pointing out is that "school" management is limited by law/regulation in what they can provide from a financial standpoint. The school and/or students fees can only provide a maximum of 10% of the budget for athletics. The other 90% is required to come from athletics. (tickets, merchandise, broadcast rights, donations, etc.) According to the last numbers I saw, the money from the school and student fees was very close to 10% of the overall budget. The broadcast rights are part of the contract with the ACC, and there isn't much that the GTAA can do to increase that revenue. The ONLY way to increase revenue for the GTAA is from fans/boosters. The GTAA cannot spend money that it doesn't have. (Unless they want to put athletics in several hundred millions of dollars worth of debt, oh wait...) It has been a pet peeve of mine for a while that GT fans complain that GT athletics don't spend enough money, while at the same time complaining about ticket prices, concessions prices, merchandise prices, etc. I am afraid that boosters are going to have to step up next year or GT football will just regress even more. I think that ticket revenue is going to decrease by a large amount next year. Unless CGC is able to turn things around, GT will have less revenue to work with and have to pay both a buyout and a new coach. [/QUOTE]
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