Department-wide furloughs and layoffs

Viewing 7 reply threads

- 09/04/2020 at 8:41 PM #128538
  1
  
  MDUte
  Ute Fan
  
  @mdute
  
  Hate to see this reality hit our athletic department. But hopefully it means we will come out the other side without having huge loans that take years to pay back.
  Department-wide furloughs and layoffs
- 09/04/2020 at 9:00 PM #128539
  1
  
  noneyadb
  Ute Fan
  
  @noneyadb
  
  Does this allow coaches to contact players outside of the normal NCAA regulations?
  - 09/04/2020 at 9:16 PM #128540
    1
    
    Tony (admin)
    Admin/Founder
    
    @admin
    
    Interesting question.
- 09/04/2020 at 9:43 PM #128541
  2
  
  Sweetness
  Ute Fan
  
  @sweetness
  
  Most of these furloughs are short-term. Very few from what I understand are being asked to take much of a leave. Many just need to take a mandatory two weeks without pay before the end of the year. Still sucks to have to miss a paycheck, and some assistant coaches and staff will be hit harder than others, but it’s not nearly as bad as the headline makes it seem.
- 09/04/2020 at 10:15 PM #128544
  3
  
  Central Coast Ute
  Ute Fan
  
  @flip2848
  
  They’re probably furloughing one or two days a month. I doubt it will affect recruiting.
- 09/04/2020 at 11:26 PM #128546
  6
  
  Utesbyfive
  Ute Fan
  
  @utesbyfive
  
  I mean I guess everyone’s expenses rise to meet their level of income, but if these folks have planned for this for the past six months like they should have been, (I know I have) they should be able to do fine. I think the whole freakin shutdown is ridiculous. We should have been able to weather this with targeted precautions, and been close to a both herd immunity, and the virus burnout by now if the politicians hadn’t freaked the f**k out from the beginning.
- 09/05/2020 at 6:33 AM #128548
  6
  
  gUrthBrooks
  Ute Fan
  
  @hammer
  
  Sorry to be negative but basically the SEC has a good reason to tell any coach or player they want to come to their school, right?
- 09/05/2020 at 7:05 AM #128549
  
  Dallas
  Ute Fan
  
  @dallas
  
  We DO have huge loans that take years to pay back.
  
  link
  - 09/05/2020 at 7:30 AM #128551
    2
    
    MDUte
    Ute Fan
    
    @mdute
    
    Financing capital expenditures that allow our program to grow is where debt is expected and a good thing. And everything we’ve done has been very well planned to meet our objectives without going way overboard like so many other programs across the country. We’ve grown our AD from the MT West days of $20M to $100M annually. And in order to be competitive we had to raise the bar in facilities but there’s a return on our investment there where we are able to continue to grow revenues. However, if we were to take out a $90M loan to pay coaching salaries, administrative, staff on a year without revenues and then have to take years to pay that back…there’s no ROI there. It’s close to flushing money down the toilet.
- 09/05/2020 at 10:27 AM #128558
  3
  
  UtahMan17
  Ute Fan
  
  @utahman17
  
  Basically just means they’re taking Fridays off (ie. forced unpaid vacation days) for a couple months, no affect on recruiting, the coaches will still be doing what needs to be done.
  
  However it is unfortunate for all of the non-football members of the athletic department, their furloughs are longer and their situations are much more affected.