AD gives $6M to academic causes, draws on reserves

Of course this is not about Oregon. Here we subsidize the money-losing jocks to the tune of $6 million or so, and then our administration signs off on their 21% raises anyway. 8/24/2012, From the University of Florida, reported by Hays Carlyon in the Florida Times-Union:

GAINESVILLE — Florida’s athletic department, the University Athletic Association, will contribute $6 million dollars to the university this fiscal year, but is having to take roughly $500,000 out of its reserves to do so to make up for a 7-percent shortfall from the previous year reported in its 2012-13 operating budget executive summary. 

The UAA, which operates separately from the university, budgeted a $5.575 million contribution to UF. That’s down from $6 million a year ago. A UF spokesman said the UAA would still contribute $6 million to the school, drawing on reserves. 

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One Response to AD gives $6M to academic causes, draws on reserves

  1. Anonymous says:

    I just heard a Pandora commercial asking for donations to Duck athletics.