Group Created with Sketch.
Volume 25 No. 29

Colleges

Georgia Tech will finish with $88.3M in revenues for FY '17-18, almost $4M over the budget
Photo: GETTY IMAGES

A year after posting a $2.9M deficit, Georgia Tech athletics will come out $2.1M "ahead in its annual budget" for FY '17-18, according to Ken Sugiura of the ATLANTA JOURNAL-CONSTITUTION. However, GT Associate AD/Finance & Administration Marvin Lewis "offered a worst-case scenario" of a $2.8M deficit for FY '18-19, as revenues are "expected to fall" by about 5% compared with the '18 budget. For FY '17-18, GT is to finish with $88.3M in revenues, almost $4M "over the budget." The athletics department earned $15M in ticket sales -- $843,000 above the budgeted total -- as "better-than-expected premium-ticket sales and a successful strategy in the secondary market helped beat projections." GT also had "budgeted revenue from the Dream, Atlanta United, Hawks and the NCAA." The program will "take a financial hit in moving from Russell Athletic to Adidas as its apparel provider, as the department will receive $200,000 annually from Adidas compared with $950,000 from Russell." There are also "additional expenses for infrastructure and personnel" with the planned August '19 launch of the ACC Network. There is an "anticipation of budget surpluses" beginning in FY '19-20 and beyond (AJC.com, 6/12).

UW football has appeared in the CFP and Fiesta Bowl since hiring Petersen
Photo: GETTY IMAGES

Recent results from the Univ. of Washington have put the school "in the discussion" of having the "most complete athletic department in the country," according to Matt Calkins of the SEATTLE TIMES. It starts with football, which "vaulted itself back into the national spotlight well ahead of schedule" upon the hiring of coach Chris Petersen. Two years after Petersen took over, the school "stampeded their way to a Pac-12 title and College Football Playoff berth, then reached the Fiesta Bowl the next season." Women’s basketball made an "unexpected run" in '16 by reaching the Final Four. UW baseball this year made its "first ever College World Series," and softball won its "first eight of the postseason before falling to Florida State in the national championship series." The UW women’s golf team "won its first national championship" in '16. The women’s rowing team "swept the three grand events en route to the national championship last year and finished second this year." The men’s team -- although not NCAA-sanctioned -- "won the overall points title in the national championships for the 11th time in 12 years." Generally speaking, there "hasn’t been a fall, winter or spring that has failed to produce something memorable" at UW in "quite a while." UW AD Jen Cohen "can’t be deprived of credit" (SEATTLE TIMES, 6/13).