Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Colleges

Tennessee's Athletic Department Sees Six-Figure Deficit For FY '20

The Univ. of Tennessee’s athletic department "operated at a six-figure deficit" during FY '20, according to Blake Toppmeyer of the KNOXVILLE NEWS SENTINEL. UT attributed its operating deficit of $488,857, in part, to "pandemic-induced revenue reductions," while noting that the financial loss was "not as great as it initially expected." The school's "finish in the red" comes after it reported a $789,730 "operating surplus" for FY '19. UT reported $140.3M in "revenue, a 2.4% decrease from the previous fiscal year." Notably, UT’s "NCAA distribution revenue dropped" from $2.9M during FY '19 to $737,623 during FY '20. That reflects, in part, the "financial impact of not having an NCAA Tournament for men’s basketball." The school reported $140.8M in "total operating expenses," marking a 1.5% "decrease in expenses from the previous year." UT "cut its recruiting expenses by about $860,000," and "trimmed $1.5 million from its travel expenses." The pandemic's financial effect "likely will be seen more severely on next year’s report" (KNOXVILLE NEWS SENTINEL, 1/17).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2021/01/18/Colleges/Tennessee.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2021/01/18/Colleges/Tennessee.aspx

CLOSE