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SBD/June 13, 2013/Colleges
Univ. Of Kentucky Raises Athletics Budget To Record High After Hiring New Football Staff
Published June 13, 2013
SWAMP PEOPLE: In Gainesville, Jeff Schweers reports the Univ. of Florida Athletic Association BOD yesterday approved a $100.5M budget for '13-14, an increase of 3.83% over "the current approved budget." The additional $3.6M in expenditures includes a $2.6M increase in salaries, "a figure that includes guaranteed raises in several coaches’ contracts" and a 3.5% "across-the-board increase for all 325 association employees." UF AD Jeremy Foley said that the budget "reflects the fact that only six games will be played this football season at Ben Hill Griffin Stadium instead of the usual seven." The budget summary also forecasts a $1.9M "increase in ticket-related booster contributions" and a $1.1M "net increase in football game revenue because of a reduction in game guarantees to opposing teams because one fewer home game is scheduled" (GAINESVILLE SUN, 6/13). In Tampa, Antonya English noted a $50M renovation to UF's O'Connell Center is among the school's "upcoming major projects." The renovation will be funded by $40M "in private donations" and $10M from the school, as "the building belongs to UF" (TAMPABAY.com, 6/12).