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.”

 

[MontanaGrizSoccer]

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.

Zero relevance to if for the Griz

 

[5280Griz]

Zero relevance to if for the Griz

So you admit the Griz have a competent AD atleast in comparison to Colorado which is a lot bigger of a school and athletic department?

 

[AZGrizFan]

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

But that’s not what the article says. It says Colorado SPENT $4.21 million. That’s absurd.

 

[5280Griz]

But that’s not what the article says. It says Colorado SPENT $4.21 million. That’s absurd.

Spending $4.21m isn’t absurd if they made more than that or atleast in the same ballpark which they would have with a tier 1 bowl game. The problem is the tier 2 bowl game didn’t pay them nearly as much but they spent like it was a tier 1 bowl game.

 

[alabamagrizzly]

Spending $4.21m isn’t absurd if they made more than that or atleast in the same ballpark which they would have with a tier 1 bowl game. The problem is the tier 2 bowl game didn’t pay them nearly as much but they spent like it was a tier 1 bowl game.

The problem is the spent like it was a tier 1 while knowing it was a tier 2.

 

[MontanaGrizSoccer]

So you admit the Griz have a competent AD atleast in comparison to Colorado which is a lot bigger of a school and athletic department?

Not even close.

 

[GriznMN]

Is this the Deion Sanders effect?

 

[HelenaHandBasket]

Colorado didn't lose money because they played in a bowl game, they lost money because they were careless with their finances.

 

[alabamagrizzly]

Colorado didn't lose money because they played in a bowl game, they lost money because they were careless with their finances.

You only know that cus you read the article. OP has an agenda that doesn't require reading the article.

 

[Bobcat99]

You only know that cus you read the article. OP has an agenda that doesn't require reading the article.

I’ve heard the Arizona heat melts brains…