And that's with pulling over 3.5MM out of their cash reserve.
Those same alums are the ones that haven't been renewing season tickets for the last few years. Add to that, they've already been hit up numerous times over the last few years for facility improvements, they'll have to come up with cash for buyouts, and then offer a large salary to a decent coach?
Possible, sure. But that athletic department isn't in good shape at all.
OH, don't forget they are still dealing with buyout payments to three other guys; former AD for one. Now you add another nine?