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According to Brett McMurphy's twitter account, UAB will have to pay that amount to cancel future games vs Tennessee, Kentucky, Troy, Georgia State and South Alabama.

That's fiscally irresponsible.
I suppose their counter-argument would be (as the Financial VP said) that it would be a small price to pay, as football would cost us 50 million in the next 5 years.
Assuming no increase in financial support. The city was throwing around a 75 million dollar commitment alone... This was never about money.
(12-02-2014 05:40 PM)TPBlaze84 Wrote: [ -> ]I suppose their counter-argument would be (as the Financial VP said) that it would be a small price to pay, as football would cost us 50 million in the next 5 years.

Actually with the numbers from 2014, football would have made $125,000.00 over the next 5 years.
No question, dropping football will be a much MORE costly process than continuing to play.
I have no clue or way to back up the numbers of either side. I was just mentioning what was said today. I agree though, it was happening with or without the financial reasoning
(12-02-2014 05:41 PM)BlazerMatt Wrote: [ -> ]Assuming no increase in financial support. The city was throwing around a 75 million dollar commitment alone... This was never about money.

Where in the heck was the city of Birmingham going to find $75 million?
(12-02-2014 05:46 PM)blazerman2006 Wrote: [ -> ]
(12-02-2014 05:41 PM)BlazerMatt Wrote: [ -> ]Assuming no increase in financial support. The city was throwing around a 75 million dollar commitment alone... This was never about money.

Where in the heck was the city of Birmingham going to find $75 million?

I'm guessing it would just be pretend money - loans, bonds, whatever - like everyone else uses to pay for anything expensive, including UAT. I can believe it.
UAB is paying Troy 400k
(12-02-2014 05:46 PM)blazerman2006 Wrote: [ -> ]
(12-02-2014 05:41 PM)BlazerMatt Wrote: [ -> ]Assuming no increase in financial support. The city was throwing around a 75 million dollar commitment alone... This was never about money.

Where in the heck was the city of Birmingham going to find $75 million?

They were vague about that of course. Given the people throwing that figure out there my personal guess, and thats all it is, is that the 75 million figure was somehow tied to the words "Domed Stadium"
Wasn't the Kentucky contract finalized about 8 weeks ago?
(12-02-2014 05:55 PM)thebernreuter Wrote: [ -> ]
(12-02-2014 05:46 PM)blazerman2006 Wrote: [ -> ]
(12-02-2014 05:41 PM)BlazerMatt Wrote: [ -> ]Assuming no increase in financial support. The city was throwing around a 75 million dollar commitment alone... This was never about money.

Where in the heck was the city of Birmingham going to find $75 million?

I'm guessing it would just be pretend money - loans, bonds, whatever - like everyone else uses to pay for anything expensive, including UAT. I can believe it.

There was a 150 million dollar bond that was approved by the citizens and the city has only used 75 million of that. So its real the UAB nation are the laughing stock of collegiate world.
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