Quote from: vu84v2 on August 08, 2019, 10:32:02 AMQuote from: M on August 08, 2019, 10:25:53 AM
I'd bet the buyout money goes into some sort athletic fund that athletics has to use at their discretion. I'm cautiously optimistic (that's just my nature) that they'll land a couple decent drawing games. I'm less optimistic about what he said about building improvements.
That is not the way budgeting and finance in universities works. Budgets are ultimately controlled at the university level. If any college or department gets additional funds (other than targeted donations), the university has the final say on whether the money goes back as additional budget to the college or department. My guess is that only a portion of the buyout money will go towards funding future opponents.
Quote from: vu84v2 on August 08, 2019, 10:47:56 AM
So he has commitment from the university that all of the buyout money will be used as additional budget for the basketball program? If true, why didn't he say that? He does not control how much money, including funds from special revenues, is allocated to the athletic department.
In my experience, there wouldn't be a need for additional budget. It would be my position that the buyout payment would be credited against the applicable expenditure item and not treated as a special revenue. It would serve to offset the expenses of scheduling replacement games, which is it's intended purpose. The only question for me would be how detailed the line items in the athletic department budget are in regards to the flexibility they have in using it for other purposes.