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Georgia Tech Athletics
Georgia Tech Football
Mostly “Fire Geoff Collins”, some reminiscing, maybe bourbon or other distractions
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<blockquote data-quote="LibertyTurns" data-source="post: 838116" data-attributes="member: 789"><p>[USER=932]@bke1984[/USER] 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.</p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="LibertyTurns, post: 838116, member: 789"] [USER=932]@bke1984[/USER] 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. [/QUOTE]
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Mostly “Fire Geoff Collins”, some reminiscing, maybe bourbon or other distractions
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