2025 Athletics Update

jsb

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One interesting thing is that he mentions in the letter that the budget will need to increase by $20 million in 2025. I am wondering if this means we will be closer to fully funding the entire $20 million. Everyone had thought we wouldn't come close.
 

alarson

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How exactly do you propose we pay for the $20 million?

That doesn't change what I said. The market for these kinds of increases is extremely questionable.

Department should probably look inward at expenses that went up in eras of rising media dollars before they were forced to share some of those revenues.
 

FarmerCy1

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“Adding state sales tax to all ticket sales will allow us to better align financially with those Big 12 institutions that are tax exempt in their respective states”

I’m confused how this statement makes sense, other than justifying passing the sales tax onto the fans rather than paying out of the AD’s budget
 

jsb

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That doesn't change what I said. The market for these kinds of increases is extremely questionable.

Department should probably look inward at expenses that went up in eras of rising media dollars before they were forced to share some of those revenues.

They probably have. I'm guessing that this wasn't arrived at without thinking about it.
 

Mr.G.Spot

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“Adding state sales tax to all ticket sales will allow us to better align financially with those Big 12 institutions that are tax exempt in their respective states”

I’m confused how this statement makes sense, other than justifying passing the sales tax onto the fans rather than paying out of the AD’s budget
That's all that it says. You are correct.
 
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BCClone

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Not exactly sure.
One interesting thing is that he mentions in the letter that the budget will need to increase by $20 million in 2025. I am wondering if this means we will be closer to fully funding the entire $20 million. Everyone had thought we wouldn't come close.
If WeWill goes in-house, that may get 6-8 of the increase
 

MeowingCows

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“Adding state sales tax to all ticket sales will allow us to better align financially with those Big 12 institutions that are tax exempt in their respective states”

I’m confused how this statement makes sense, other than justifying passing the sales tax onto the fans rather than paying out of the AD’s budget
That's exactly what it is, yes.