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Thread: Buyout

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    Buyout

    According to ESPN, ISU will be paying MAC $225,000 per year through 2010.



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    Re: Buyout

    Does anybody (Jeremy) know if boosters will help cover the cost of the buyout? Or will it have to come out of athletic dept. funds?



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    Re: Buyout

    Quote Originally Posted by Nedrick View Post
    Does anybody (Jeremy) know if boosters will help cover the cost of the buyout? Or will it have to come out of athletic dept. funds?
    Reserve fund in Athletic dept Budget and boosters. There have already been contributions made by earmarking from supporters of the program for the buyout. That money will go into reserve fund along what is already there to pay for Asst and Mac, also Morgans buyout comes from that fund.



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    Re: Buyout

    I think Kotlar this morning stated that the total cost of the buyout was in the neighborhood of 2.5 Million. That included Mac, assistants with contracts and other perks and benefits.



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    Re: Buyout

    Yeah, with both Morgan and the FB buyouts, Ch 13 was reporting it's costing us over 1 mil a year to buyout all these contracts I think.



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    Re: Buyout

    I think it will hurt for a little while but in the long run this will all be worth it


    James

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    Re: Buyout

    $1M is only 3,333 season tickets...

    it will be interesting to see if they raise the season ticket prices next year. I know they are agressively changing our donation times to get everything ready for seats reassignments.



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