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Time to Bury the Asterisk?
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<blockquote data-quote="Augusta_Jacket" data-source="post: 770407" data-attributes="member: 1191"><p>We are broke precisely because we have paid three former coaches absurd amounts of money to be unemployed by GT. We also don't give well as a program. In 2017 there was a ranking of all 65 P5 programs on football spending. We finished 61st. Only Wake Forest spends less than us in the ACC. You can call it broke or frugal, but either which way we are pinching pennies. Ask any STH about the emails monthly from the GTAA detailing how they need more money just to pay current expenses. We were broke before COVID, and we aren't any better since.</p><p></p><p>[URL unfurl="true"]https://www.syracuse.com/orangefootball/2017/08/which_schools_spend_the_most_on_college_football_where_does_syracuse_rank.html[/URL]</p><p></p><p>Edit to add another article:</p><p></p><p>[URL unfurl="true"]https://www.ajc.com/sports/college/georgia-tech-faces-tight-budget-but-increased-revenues-future/9U39mJ6svTyiFt1FCVzryL/#:~:text=After%20running%20a%20%249.6%20million,chief%20financial%20officer%20Marvin%20Lewis.[/URL]</p><p></p><p><strong><em>"This past year’s $13.6 million debt service accounted for 15% of expenses in the past year’s budget, well above the ACC average of about 8%. For a $14 million annual debt payment (which is what Tech projects to pay in two years) to comprise 8% of expenses, Tech’s budget would have to be $175 million — about $84 million more than it is projected to be."</em></strong></p></blockquote><p></p>
[QUOTE="Augusta_Jacket, post: 770407, member: 1191"] We are broke precisely because we have paid three former coaches absurd amounts of money to be unemployed by GT. We also don't give well as a program. In 2017 there was a ranking of all 65 P5 programs on football spending. We finished 61st. Only Wake Forest spends less than us in the ACC. You can call it broke or frugal, but either which way we are pinching pennies. Ask any STH about the emails monthly from the GTAA detailing how they need more money just to pay current expenses. We were broke before COVID, and we aren't any better since. [URL unfurl="true"]https://www.syracuse.com/orangefootball/2017/08/which_schools_spend_the_most_on_college_football_where_does_syracuse_rank.html[/URL] Edit to add another article: [URL unfurl="true"]https://www.ajc.com/sports/college/georgia-tech-faces-tight-budget-but-increased-revenues-future/9U39mJ6svTyiFt1FCVzryL/#:~:text=After%20running%20a%20%249.6%20million,chief%20financial%20officer%20Marvin%20Lewis.[/URL] [B][I]"This past year’s $13.6 million debt service accounted for 15% of expenses in the past year’s budget, well above the ACC average of about 8%. For a $14 million annual debt payment (which is what Tech projects to pay in two years) to comprise 8% of expenses, Tech’s budget would have to be $175 million — about $84 million more than it is projected to be."[/I][/B] [/QUOTE]
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