@bke1984 If we’re considering switching coaches this year which I think is unlikely, we’re going to need to “Hewitt” the contract. We’re going to need to take the $14M and spread it out over 8 or 10 years. 3K GT supporters gave $2.9M this past year specifically to keep us from defaulting on our bills or drawing on a line of credit. I think between renewed interest in the program & folks willing to fork over more, it could be possible. That being said, if we eat 1 more year of this we end up only needing to pay off $7M. You could pay that off fairly quickly, maybe 4 years or less.
This brings up the #2 conundrum. I know assistants generally are not promised anything & usually are on 1 year deals, but we already ran Woody out of town after 1 year. If we can coordinators, then a year later cashier our coach & he gets rid of all of them, well maybe he finds a difficult time because outside of all the other challenges GT presents, job instability is not there either.
The budget is a definite issue. We lost almost $3M last fiscal year despite severely reduced operations and I believe salary cuts. We needed emergency fundraising to make it up. I’m guessing we’ll be $1M or more in the hole this year (hoping the Benz deal is worth $1M/yr), probably worst case $3M in the red. Can’t find a recent financial report & am guessing based on past history, projecting football revenue losses due to poor gate/season ticket sales. I’m also thinking more people are going to be sitting on their wallets Given our troubles and no plan.
My bet: the entire staff is here next year. They’ll have 1 more year to turn it around & Tstan is going to have a very hard year if things go poorly. He’d better hope for a miracle 6-6 record.