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Georgia Tech AD: "Significant" Budget Cuts Ahead For Teams

Georgia Tech AD Todd Stansbury said the school is making "pretty significant budget cuts" for its 17 varsity teams and the administration, according to Ken Sugiura of the ATLANTA JOURNAL-CONSTITUTION. The cuts "may have to extend into personnel costs." The athletic department planned to enact a furlough authorized by the University System of Georgia, but that was "rescinded when the state system later determined that furloughs were not necessary." On whether furloughs or layoffs were a possibility, Stansbury "acknowledged the possibility of some measure to reduce the personnel budget." Personnel costs, at $29.3M, "accounts for 36% of the projected $80.5 million budget, the largest piece of the pie." The 20% cap on attendance in Bobby Dodd Stadium this season "will mean a steeper drop in revenues than planned." The school "initially projected for $13 million in ticket revenue for the year ahead," and it "normally counts on a $20-25 million revenue stream tied to football ticket sales." That already was a $7M drop from the previous fiscal year. But that was a projection "using a model with attendance capped at 50% for Bobby Dodd Stadium, not 20%" (ATLANTA JOURNAL-CONSTITUTION, 9/17).

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