Back in Black: Tennessee Surplus Due to Severance Cuts

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After running a $6.5 million deficit in 2018, the University of Tennessee athletic department wrapped up fiscal year 2019 with a $789,730 surplus.

As reported by the Knoxville News Sentinel, Tennessee operated at a $10.8 million surplus in the 2017 fiscal year after a $12.4 million surplus in 2016 and $13.2 million surplus in 2015. Last year's anomaly was caused in large part by contract buyouts of former football coach Butch Jones and his staff, as well as the severance package afforded former athletic director John Currie.

Total severance in 2018 approached $14 million. By comparison, last year's outlay was $873,806 — the bulk of which stemming from the March firing of women's basketball coach Holly Warlick. Jones and his former assistance still received payments in 2019, but they were accounted for in 2018.

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