Prolly due to all them money bags those recruits be posting on IG 
.
http://m.oanow.com/sports/college/auburn/article_84abf0ee-b4d2-11e4-b72e-db4d2bfc7d12.html?mode=jqm
BIG SPENDERS
Auburn's athletic department records $13.6 million deficit in 2014 fiscal year
2 images
Todd Van Emst/Opelika-Auburn News
Auburn athletic director Jay Jacobs speaks to the media after a press conference to introduce new defensive coordinator Will Muschamp. For the second straight year, the Auburn Athletic department ran a deficit during the fiscal year.
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Alex Byington | AU Sports Writer
Opelika-Auburn News
abyington@oanow.com
Follow on Twitter| Updated Yesterday
Auburn’s magical turnaround season in Gus Malzahn’s first year came with a hefty price tag.
Auburn’s athletic department recorded a $13.6 million deficit during the 2014 fiscal year, which included the football team’s SEC Championship run and BCS runner-up finish in 2013, according to the program’s most recent NCAA financial report provided to the Opelika-Auburn News last week through a records request.
In all, Auburn spent a record $127.3 million in total expenses between July 1, 2013-June 30, 2014 while bringing in $113.7 million in total revenue during the same time frame. That included an increase of roughly $22.8 million in spending between the 2013 and 2014 fiscal years ($104.5 to $127.3 million).
It’s the second straight year Auburn’s athletic department spent more money than it brought in, recording a $865,944 deficit in the 2012-13 fiscal year that included former football coach Gene Chizik’s disastrous 3-9 campaign in 2012.
But as Auburn worked to bounce back from its worst football season in 60 years, the athletic department didn’t hesitate to open up the checkbook, increasing expenditures for football alone from $36.3 million in the 2013 fiscal year to $49.6 in the 2014 fiscal year — an increase of $13.3 million.
As with most athletic departments, Auburn's football program nevertheless remained the cash cow, with Malzahn and the Tigers’ football team bringing in an overall profit of $33.18 million in 2014, though that difference was down slightly from the $38.59 million profit accrued in the 2013 fiscal year. At the same time, Auburn’s football team was the lone major sport to net a profit in 2014, with the men’s basketball team spending $136,454 more than it brought in from revenues, down from a profit of $1.53 million in 2013. Women’s basketball ran a deficit of $4.75 million in 2014 while all other sports lost roughly $23.4 million combined in addition to a loss of $18.5 million from non-program specific sources.
“It’s like your household, sometimes you don’t make as much money as you like to in one year, so you have to dip into your savings,” Auburn athletic director Jay Jacobs told the Opelika-Auburn News last month.
Auburn’s total expenditures ($127.3 million) exceeded the $105 million the department budgeted for in last year’s annual athletic financial report, released to the Opelika-Auburn News a year ago, by more than $20 million.
Auburn spent $3.47 million more on coaching salaries in 2013-14, which included the first year in a six-year, $26.85 million extension awarded to Malzahn the night before the SEC Championship game in December 2013, which raised the first-year coach’s annual salary from $2.44 million to $3.85 in 2014.
It also included the hiring of new head men’s basketball coach Bruce Pearl, who agreed to a six-year, $15.2 million contract in March that would pay him at least $2.7 million in his first season on the Plains.
In the process of hiring new coaches, there was also the expense of firing now-former coaches, including former men’s basketball coach Tony Barbee last March, less than an hour after a fourth-straight first-round ouster in the SEC Tournament. In all, Auburn paid nearly $4.85 million in severance just to former baseball, basketball and football coaches, including $400,000 to former baseball coach John Pawlowski, a combined $390,899 to Barbee and former basketball assistant Ryan Miller, as well as more than $4 million to multiple football coaches, including Chizik. Between the 2013 to 2014 fiscal years, Auburn paid out an increase of more than $2.2 million in severances.
But with some of that turnover came renewed excitement from a revived fan base.
Overall ticket sales climbed in the fiscal year 2014, up roughly $1.3 million to $29.8 from $28.5 million in 2013, while contributions and donations from outside donors increased about $7.6 million, with the athletic department claiming $39.4 million in total contributions, including about $31.65 million for football alone in Malzahn’s first season. The uptick in support also showed in concessions and novelties, which rose from $1.4 to about $2.2 million in 2014.
In all, Auburn’s total operating revenue increased more than $10 million from $103.68 to $113.71 million, an increase of nearly $50 million since 2006, according to records acquired by AL.com.
“We make good business decisions, that’s why we’re able to take a $40-plus million to $108 million in 10 years,” Jacobs said. “Be able to put money in the bank, cash in the bank, because we run this place like it’s a business.”
Auburn Football: Expenses by Category
>> The following numbers include only those with significant differences (more than $100,000) from year-to-year expenses.
Category
FY 2012-13
FY 2013-14
Difference (millions)
Athletic student Aid
$3,337,159
$4,413,252
+1.076
Guarantees
$2,456,150
$4,275,000
+1.819
Head coach salaries/bonuses
$3,592,521
$4,266,128
+0.674
Asst. coach salaries/bonuses
$5,042,980
$6,204424
+1.161
Support staff salaries
$2,812,839
$3,176,950
+0.364
Severance
$2,635,513
$4,055763
+1.420
Team travel
$712,589
$3,233,548
+2.521
Game expenses
$1,567,472
$2,909,496
+1.342
Fund raising/promotions
$4,124,438
$4,784,817
+0.660
Facilities, maintenance
$3,588,196
$4,549,547
+0.961
Other operating costs
$3,128,013
$4,269,043
+1.141
Total operating costs
$36,306,282
$49,639,258
+13.333
Operating expenses by sports, 2013-14 Fiscal Year
Sport
Men’s Teams
Women’s Teams
Baseball
$666,023
Basketball
$1,182,338
$856,651
Equestrian
$231,239
Football
$7,428,815
Golf
$273,400
$148,652
Gymnastics
$282,380
Soccer
$352,980
Softball
$340,820
Swimming and Diving
$269,273
$218,782
Tennis
$181,595
$227,309
Track and Field/Cross Country
$271,966
$399,553
Volleyball
$349,595
Total
$10,273,410
$3,407,961
Percent of total
75.1
24.9
Team specific revenues, 2013-14 Fiscal Year
Sport
Men’s Teams
Women’s Teams
Total
Baseball
$619,511
$619,511
Basketball
$10,125,052
$87,749
$10,212,801
Equestrian
$91,711
$91,711
Football
$83,326,956
$83,326,956
Golf
$164,226
$20,720
$184,946
Gymnastics
$80,849
$80,849
Soccer
$4,783
$4,783
Softball
$72,305
$72,305
Swimming and Diving
$35,033
$30,634
$65,667
Tennis
$475
$2,678
$3,153
Track and Field/Cross Country
$22,927
$35,854
$58,781
Volleyball
$4,599
Total revenue
$94,294
$431,882
$94,726,062
>> Another $18,989,942 was also listed on the report as revenue not related to specific teams.
>> Grand total of revenue with the sport and non-sport specific revenues totaled is $113,716,004.
Totals, 2013-14 Fiscal Year
Item
Football
Men’s Basketball
Women’s Basketball
Other sports
Non-program specific
Total
Total revenue
$83,326,956
$10,125052
$87,749
$1,186,305
$18,989,942
$113,716,004
Total expenses
$50,146,314
$10,261,506
$4,837,936
$24,588,552
$37,506072
$127,340,380
Excess
$33,180
-$136,454
-$4,750,187
-$23,402,247
-$18,516,130
-$13,624376
Alex is the Auburn University Sports Writer for the Opelika-Auburn News.
Follow Alex on Twitter at @AUBlog for the latest in Auburn Sports.
Similar articles
.http://m.oanow.com/sports/college/auburn/article_84abf0ee-b4d2-11e4-b72e-db4d2bfc7d12.html?mode=jqm
BIG SPENDERS
Auburn's athletic department records $13.6 million deficit in 2014 fiscal year
2 imagesTodd Van Emst/Opelika-Auburn News
Auburn athletic director Jay Jacobs speaks to the media after a press conference to introduce new defensive coordinator Will Muschamp. For the second straight year, the Auburn Athletic department ran a deficit during the fiscal year.
Share on facebookShare on twitterShare on pinterest_shareMore Sharing Services7
Alex Byington | AU Sports Writer
Opelika-Auburn News
abyington@oanow.com
Follow on Twitter| Updated Yesterday
Auburn’s magical turnaround season in Gus Malzahn’s first year came with a hefty price tag.
Auburn’s athletic department recorded a $13.6 million deficit during the 2014 fiscal year, which included the football team’s SEC Championship run and BCS runner-up finish in 2013, according to the program’s most recent NCAA financial report provided to the Opelika-Auburn News last week through a records request.
In all, Auburn spent a record $127.3 million in total expenses between July 1, 2013-June 30, 2014 while bringing in $113.7 million in total revenue during the same time frame. That included an increase of roughly $22.8 million in spending between the 2013 and 2014 fiscal years ($104.5 to $127.3 million).
It’s the second straight year Auburn’s athletic department spent more money than it brought in, recording a $865,944 deficit in the 2012-13 fiscal year that included former football coach Gene Chizik’s disastrous 3-9 campaign in 2012.
But as Auburn worked to bounce back from its worst football season in 60 years, the athletic department didn’t hesitate to open up the checkbook, increasing expenditures for football alone from $36.3 million in the 2013 fiscal year to $49.6 in the 2014 fiscal year — an increase of $13.3 million.
As with most athletic departments, Auburn's football program nevertheless remained the cash cow, with Malzahn and the Tigers’ football team bringing in an overall profit of $33.18 million in 2014, though that difference was down slightly from the $38.59 million profit accrued in the 2013 fiscal year. At the same time, Auburn’s football team was the lone major sport to net a profit in 2014, with the men’s basketball team spending $136,454 more than it brought in from revenues, down from a profit of $1.53 million in 2013. Women’s basketball ran a deficit of $4.75 million in 2014 while all other sports lost roughly $23.4 million combined in addition to a loss of $18.5 million from non-program specific sources.
“It’s like your household, sometimes you don’t make as much money as you like to in one year, so you have to dip into your savings,” Auburn athletic director Jay Jacobs told the Opelika-Auburn News last month.
Auburn’s total expenditures ($127.3 million) exceeded the $105 million the department budgeted for in last year’s annual athletic financial report, released to the Opelika-Auburn News a year ago, by more than $20 million.
Auburn spent $3.47 million more on coaching salaries in 2013-14, which included the first year in a six-year, $26.85 million extension awarded to Malzahn the night before the SEC Championship game in December 2013, which raised the first-year coach’s annual salary from $2.44 million to $3.85 in 2014.
It also included the hiring of new head men’s basketball coach Bruce Pearl, who agreed to a six-year, $15.2 million contract in March that would pay him at least $2.7 million in his first season on the Plains.
In the process of hiring new coaches, there was also the expense of firing now-former coaches, including former men’s basketball coach Tony Barbee last March, less than an hour after a fourth-straight first-round ouster in the SEC Tournament. In all, Auburn paid nearly $4.85 million in severance just to former baseball, basketball and football coaches, including $400,000 to former baseball coach John Pawlowski, a combined $390,899 to Barbee and former basketball assistant Ryan Miller, as well as more than $4 million to multiple football coaches, including Chizik. Between the 2013 to 2014 fiscal years, Auburn paid out an increase of more than $2.2 million in severances.
But with some of that turnover came renewed excitement from a revived fan base.
Overall ticket sales climbed in the fiscal year 2014, up roughly $1.3 million to $29.8 from $28.5 million in 2013, while contributions and donations from outside donors increased about $7.6 million, with the athletic department claiming $39.4 million in total contributions, including about $31.65 million for football alone in Malzahn’s first season. The uptick in support also showed in concessions and novelties, which rose from $1.4 to about $2.2 million in 2014.
In all, Auburn’s total operating revenue increased more than $10 million from $103.68 to $113.71 million, an increase of nearly $50 million since 2006, according to records acquired by AL.com.
“We make good business decisions, that’s why we’re able to take a $40-plus million to $108 million in 10 years,” Jacobs said. “Be able to put money in the bank, cash in the bank, because we run this place like it’s a business.”
Auburn Football: Expenses by Category
>> The following numbers include only those with significant differences (more than $100,000) from year-to-year expenses.
Category
FY 2012-13
FY 2013-14
Difference (millions)
Athletic student Aid
$3,337,159
$4,413,252
+1.076
Guarantees
$2,456,150
$4,275,000
+1.819
Head coach salaries/bonuses
$3,592,521
$4,266,128
+0.674
Asst. coach salaries/bonuses
$5,042,980
$6,204424
+1.161
Support staff salaries
$2,812,839
$3,176,950
+0.364
Severance
$2,635,513
$4,055763
+1.420
Team travel
$712,589
$3,233,548
+2.521
Game expenses
$1,567,472
$2,909,496
+1.342
Fund raising/promotions
$4,124,438
$4,784,817
+0.660
Facilities, maintenance
$3,588,196
$4,549,547
+0.961
Other operating costs
$3,128,013
$4,269,043
+1.141
Total operating costs
$36,306,282
$49,639,258
+13.333
Operating expenses by sports, 2013-14 Fiscal Year
Sport
Men’s Teams
Women’s Teams
Baseball
$666,023
Basketball
$1,182,338
$856,651
Equestrian
$231,239
Football
$7,428,815
Golf
$273,400
$148,652
Gymnastics
$282,380
Soccer
$352,980
Softball
$340,820
Swimming and Diving
$269,273
$218,782
Tennis
$181,595
$227,309
Track and Field/Cross Country
$271,966
$399,553
Volleyball
$349,595
Total
$10,273,410
$3,407,961
Percent of total
75.1
24.9
Team specific revenues, 2013-14 Fiscal Year
Sport
Men’s Teams
Women’s Teams
Total
Baseball
$619,511
$619,511
Basketball
$10,125,052
$87,749
$10,212,801
Equestrian
$91,711
$91,711
Football
$83,326,956
$83,326,956
Golf
$164,226
$20,720
$184,946
Gymnastics
$80,849
$80,849
Soccer
$4,783
$4,783
Softball
$72,305
$72,305
Swimming and Diving
$35,033
$30,634
$65,667
Tennis
$475
$2,678
$3,153
Track and Field/Cross Country
$22,927
$35,854
$58,781
Volleyball
$4,599
Total revenue
$94,294
$431,882
$94,726,062
>> Another $18,989,942 was also listed on the report as revenue not related to specific teams.
>> Grand total of revenue with the sport and non-sport specific revenues totaled is $113,716,004.
Totals, 2013-14 Fiscal Year
Item
Football
Men’s Basketball
Women’s Basketball
Other sports
Non-program specific
Total
Total revenue
$83,326,956
$10,125052
$87,749
$1,186,305
$18,989,942
$113,716,004
Total expenses
$50,146,314
$10,261,506
$4,837,936
$24,588,552
$37,506072
$127,340,380
Excess
$33,180
-$136,454
-$4,750,187
-$23,402,247
-$18,516,130
-$13,624376
Alex is the Auburn University Sports Writer for the Opelika-Auburn News.
Follow Alex on Twitter at @AUBlog for the latest in Auburn Sports.
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