Bad news for FSU … They're stuck with Taggert.
After this season, his buyout is $17 Million. They don't have the cash to pay that. The Athletic Department is in debt, lost money last year, and had to raise donations just to make operating expenses match revenues. This year's projections don't look any better as football season tickets are down, and so is their ancillary revenue.
Unless they can get funds elsewhere, they are in a boatload of hurt right now.
After this season, his buyout is $17 Million. They don't have the cash to pay that. The Athletic Department is in debt, lost money last year, and had to raise donations just to make operating expenses match revenues. This year's projections don't look any better as football season tickets are down, and so is their ancillary revenue.
Unless they can get funds elsewhere, they are in a boatload of hurt right now.