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 The athletic department planned to enact a furlough authorized by the University System of Georgia, but that was "rescinded when the state system later determined that furloughs were not necessary."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).
