Your podcast on the facilities made me think about some of the smaller projects such as the training facility, weigh room, that seem to be delayed because the school is a couple of million dollars short to begin. Was wondering if you or anyone else in the know could answer how Vanderbilt’s football budget works since it seems that some of the “savings” with the coaching change could have covered some of these facility costs.
1. What was James Franklin’s buyout amount and was this money used for the football program?
2. If the offer to pay Franklin $5.0M a year was accurate, is the $2.0M-$3.0M saved annually with Mason’s lower salary, budgeted for football or was the Franklin increase coming from a donor(s) and specified only for his salary?
3. I’ve read that with the increased SEC network revenue, some of the University subsidy of the athletics program is being decreased. Let’s say the budgeted SEC revenue is $25M for this year and it comes in at $28M. Does the extra $3.0M automatically go to the AD or does the University decide how to allocate?
4. What is Vanderbilt’s average revenue after expenses for a home game? We talk often about hosting more games but what is the breakeven point for Vanderbilt to make money. For example, will they still make money if they pay Ball State $1.0M to come and only sell 30,000 tickets? - For comparison, a recent AJC article said Georgia Tech is getting $2.85M for the Chick-fil-a kickoff opener against UT and their AD says a home game is worth $2.5M (Did not define if that is total revenue: ticket sales, parking, concessions, etc. or include gameday expenses).
1. What was James Franklin’s buyout amount and was this money used for the football program?
2. If the offer to pay Franklin $5.0M a year was accurate, is the $2.0M-$3.0M saved annually with Mason’s lower salary, budgeted for football or was the Franklin increase coming from a donor(s) and specified only for his salary?
3. I’ve read that with the increased SEC network revenue, some of the University subsidy of the athletics program is being decreased. Let’s say the budgeted SEC revenue is $25M for this year and it comes in at $28M. Does the extra $3.0M automatically go to the AD or does the University decide how to allocate?
4. What is Vanderbilt’s average revenue after expenses for a home game? We talk often about hosting more games but what is the breakeven point for Vanderbilt to make money. For example, will they still make money if they pay Ball State $1.0M to come and only sell 30,000 tickets? - For comparison, a recent AJC article said Georgia Tech is getting $2.85M for the Chick-fil-a kickoff opener against UT and their AD says a home game is worth $2.5M (Did not define if that is total revenue: ticket sales, parking, concessions, etc. or include gameday expenses).
