Monday, June 18, 2012

FSU's athletics budget suddenly good, not in shortfall after all - Coley Harvey, Orlando Sentinel

So, about that budgetary shortfall Florida State's athletics department was facing?bAs of June 1, the Seminoles are operating in the black. According to athletics director Randy Spetman, bright blue economic skies have begun surrounding upon the school's sports programs, replacing the dark financial clouds that once morbidly loomed over them. "The way the conference distributes money every year, they were very conservative; which I was very thankful for," Spetman said. Instead of receiving approximately $14 million total this year from the ACC as part of a conference distribution pool, FSU has received nearly $16 million, Spetman said. That $16 million was the result of an additional $1.6 million paid from the ACC on June 1 that the university received that it hadn't been expecting.

http://articles.orlandosentinel.com/2012-06-08/sports/os-florida-state-athletic-budget-0608-20120608_1_athletics-budget-acc-conference-official