Source: BroBible
Summary
LSU’s athletics department is facing a financial crisis, with a budget that is unsustainable. The department is hosting a private meeting with top donors at the Governor’s Mansion to discuss a new financial plan. The meeting is not a request for money, but rather an informational session to discuss options for the future. The department has been spending heavily on coaches’ salaries and roster payments, including a $40 million football roster and a $13 million salary for coach Lane Kiffin.
Our Reading
The habit gets a new name.
LSU’s financial crisis is just a rebranding of overspending. The athletics department is hosting a meeting with top donors to discuss a new financial plan, but it’s just a fancy way of saying they need more money. Lane Kiffin’s $13 million salary and the $40 million football roster are just a few examples of the department’s lavish spending. The real question is, how long can they keep up this charade? The answer: as long as they can find new ways to spin it.
