(04-15-2016 12:47 AM)FUT Wrote: (04-14-2016 09:18 PM)covingtontiger Wrote: (04-14-2016 08:25 PM)tigers1125 Wrote: I will ask again-where do you guys think the multi millions of $ generated by season ticket sales and per seat donations go to (and don't say scholarships as I know monies are shuffled from fund to fund to suit Admin's wishes and needs)?
It does not go into coaches salaries. By law, the University can only pay something like $200, 000 annually to a coach. That may not be the exact figure, but it is in that ballpark.
In order to pay millions to a coach, that money has to come from mega-donors like Fred Smith, Bill Laurie, etc. the TSF donations made by us smaller donors go to scholarships for all athletes in all sports.
Ticket money and TSF donations do not fund coaches salaries that exceed the legal limit.
Ugh. Why is this so gd difficult for people to get?
Ok so lets say there is no law about what the school can pay out of tsf donations. Then you take those funds and use them to pay the coach?
Now let's discuss football scholarships, non revenue sports, facility upgrades, etc.
Booster money goes there.
It is one big pile of cash. The dudes that write the big checks just get more say and for a brief moment get to feel like their dicks are bigger than they really are.
I will help clear this up a bit for you so that you can truly understand if you slow down and think about what I am about to provide, there is not one big pile of cash. So, lets start there.
Not only by accounting rules but state laws there is not one big pile of cash to move money around, like RC did and he should have been in serious consideration for some type of legal punishment that may have included jail time if that had ever moved forward but it didn't.
Each area that fans and donors, large or small donate to have actual account codes attached to them that tie them to very specific programs. For instance the Time to Shine campaign was a "Capital Expense" campaign and that campaign all monies sent in for that specific campaign can only be used for that specific use they were signed up for. The money can't be put in the general fund, nor used for anything other than the capital campaign it was represented to be sold for. If someone moved those funds to another area, it would be fraud. As well, the tax benefits associated with a this campaign and other "capital" campaign donations are treated differently than other ones. This one for instance is 100% tax deductible.
The Trueblue Society, is a very specific area that is not 100% tax deductible but 75% tax deductible and allows donars to donate money to very specific areas. For instance, a donation there is designated by the donating party to go to something like, the rifle team. If you designate the donations go to the rifle team, then it is fraud if the money is not designated as such. So, take the example of the Rifle team and then know that all TrueBlue donations are specific donations that go to specific needs.
Next, the majority of the football and basketball head coaches along with the majority of assistant coaches are paid for by Ambassadors and their designation to pay those as well are bound by very specific donation requirements and it would be fraud as well do move those funds out of a specific account over to another account. Outside of the base salaries allowed by law, which are in the $ 200K to $ 250k (which you can look up if you want) the remainder of their compensation is covered others but not by TSF or any other monies taken in from any form of revenue whether it be season ticket sales, or monies paid as donations in order to buy seats.
TSF is almost exclusively used to pay for scholarships. About ten or so years ago the State of Tennessee mandated that every state instuition had to start paying for their own athletic scholarships and would not be funded by the State any longer. The hit to universities across the state was tremendous, you have to remember there are in-state tuition costs and out of state tuition costs. Today, 100% of all scholarships can't be paid for out of any other university funds, by law - or it would be fraud. The TSF is designed specifically to pay for these scholarships because by law the State will not do it and by law the University can't subsidize it.
These are some examples, there are literally numerous more that follow the same guideline.
I truly hope this helps in putting to bed your notion there is one single "bucket of money that is one pot thought process" because not only is that thought process incorrect but its fraudulent in its basis and foundation and simply is wrong.
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Word around campus is that Rudd overruled Bowen
