LSU

February 12th, 2019 | by CollegeAD
LSU
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A legislative audit of LSU’s athletic budget for fiscal 2018 showed Hurricane Harvey increased operating expenses, total revenues increased in the Tiger Athletic Foundation and that head coach Ed Orgeron received a $10,000 relocation incentive payment that was not included in his contract. The report was released Monday morning by state Legislative Auditor Daryl Purpera. The LSU athletic department spent $137.5 million in fiscal 2018, from July 2017 through June 2018. The expenses were up $5.7 million from 2016-17. The audit report included explanations for expenses that increased more than 10 percent from 2017 to 2018. Hurricane Harvey partly led to LSU spending $2,865,442 more on operating expenses. The hurricane moved the location of the Tigers’ 2017 season-opener against BYU from Houston to New Orleans, and “due to the lack of ticket sales, LSU was obligated to pay $736,450 for the unsold tickets.” In 2017, there was a considerable increase in the money spent on recruiting; TAF spent $851,332 toward athletic recruiting in 2017, which was more than double the $392,421 it spent in 2016. The increase toward recruiting in the TAF budget reflects a similar change in the LSU athletic budget for fiscal 2018, which showed that LSU spent $420,800 more on recruiting expenses than it had in the previous year. -Brooks Kubena, The Advocate, Read More

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