LSU athletics chips in big bucks
BATON ROUGE, La. (NBC33) — The athletic department at LSU is stepping-up in a big way to help plug holes in the university's budget, just as they braced for another round of state budget cuts.
"It's a fortunate position we're in," said Herb Vincent, assistant athletic director at LSU. "And it's good athletics can contribute when the university needs it."
Contribute in the amount of $4 million total being transferred from athletics to the school's overall budget. Athletics kicks in money for the schools budget every year, but $4 million sets a new record.
LSU's chancellor said the money will help ensure that no faculty layoffs will occur, or across the board type cuts.
Athletics operates on a $90 million budget that covers 20 different sports, but only three -- football, baseball and men's basketball -- actually generate revenue.
"It's a hard budget to manage when considering only three revenue-producing sports," Vincent said. "But we're prosperous enough to meet challenges and contribute back to the university."
Some projects in the athletic department could suffer because of the money move. Some projects -- like water-proofing the seats Tiger Stadium -- won't be cancelled, just put on hold.