Colorado lost over $1m by playing in the Alamo Bowl

[5280Griz]

Internal audit shows Colorado athletics lost $1.24 million for 2024 trip to Alamo Bowl

The audit found that CU overpaid head coach Deion Sanders and his assistants for postseason bonuses, misclassified the Alamo Bowl as a Tier 1 event, rather than a Tier 2 event; and didn’t have a budget for the game to control spending.

www.dailycamera.com

What does this mean for the Griz in terms of moving up? To be honest the Alamo Bowl isn’t even a bad bowl game compared to many others.

 

[get'em_griz]

LMAO this is 100% the University of Colorado Administration's fault for losing $1 million. This isn't the gotcha you are trying to make it out to be. This is nothing more than incompetence.

 

[Bobcat99]

Internal audit shows Colorado athletics lost $1.24 million for 2024 trip to Alamo Bowl

The audit found that CU overpaid head coach Deion Sanders and his assistants for postseason bonuses, misclassified the Alamo Bowl as a Tier 1 event, rather than a Tier 2 event; and didn’t have a budget for the game to control spending.

www.dailycamera.com

What does this mean for the Griz in terms of moving up? To be honest the Alamo Bowl isn’t even a bad bowl game compared to many others.

Did you even read the article?

 

[alabamagrizzly]

Did you even read the article?

Thats not necessarily a requirement when partaking in discussions on eGriz.

 

[kemajic]

Internal audit shows Colorado athletics lost $1.24 million for 2024 trip to Alamo Bowl

The audit found that CU overpaid head coach Deion Sanders and his assistants for postseason bonuses, misclassified the Alamo Bowl as a Tier 1 event, rather than a Tier 2 event; and didn’t have a budget for the game to control spending.

www.dailycamera.com

What does this mean for the Griz in terms of moving up? To be honest the Alamo Bowl isn’t even a bad bowl game compared to many others.

How much did MSU lose playing in the FCS NC?

 

[Wolf777]

How much did MSU lose playing in the FCS NC?

About 40 years of monkey off their back?

 

[Bobcat99]

Thats not necessarily a requirement when partaking in discussions on eGriz.

I assumed it might be when you’re the one posting it, but eGriz is very innovative.

 

[AZGrizFan]

There is absolutely ZERO reason for a trip to ANY bowl game to cost $4.21 million dollars. That is absolutely absurd.

 

[5280Griz]

There is absolutely ZERO reason for a trip to ANY bowl game to cost $4.21 million dollars. That is absolutely absurd.

The Fiesta Bowl payout has previously been north of $18m. A true tier 1 bowl is worth $4.21m, not a tier 2 bowl.

 

[ResilientGriz]

No governance, no controls, no oversight produces poor financial results.

"According to the audit, CU treated the Alamo Bowl as a Tier 1 bowl, when it should have been treated as a Tier 2 game, and that the university did not have a “formally approved budget, resulting in decentralized spending, limited financial oversight, and expenses exceeding bowl revenues.”