JoseyWalesTheOutlaw
Member
Georgia Tech’s coaching transition was not cheap
Their rainy day fund looks like my checkbook.....
The transition from coach Paul Johnson to Collins and the hiring of new staff cost the athletic department a little less than $6 million, associate AD for finance and administration Marvin Lewis said Thursday at the quarterly meeting of the Georgia Tech Athletic Association. Tech already was projecting to run a $2.8 million deficit for the fiscal year, but now will be closer to $9 million.
As a result, Tech’s fund balance – its money for a rainy day – has been depleted. It was about $6.65 million at the start of the fiscal year in July.
Darwin Holt kilt GT football with one forearm to ole Chick............
Their rainy day fund looks like my checkbook.....
The transition from coach Paul Johnson to Collins and the hiring of new staff cost the athletic department a little less than $6 million, associate AD for finance and administration Marvin Lewis said Thursday at the quarterly meeting of the Georgia Tech Athletic Association. Tech already was projecting to run a $2.8 million deficit for the fiscal year, but now will be closer to $9 million.
As a result, Tech’s fund balance – its money for a rainy day – has been depleted. It was about $6.65 million at the start of the fiscal year in July.
Darwin Holt kilt GT football with one forearm to ole Chick............
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