It's only fitting that Steve Pederson is wearing shades. The University of Nebraska athletic director says the addition of a seventh home football game for upcoming seasons has the economical future for the school's athletic department very bright. NU can project an added $3.2 million in revenue per year from the additional game. "This is the most aggressive we've been able to be since I've been here," said Pederson, hired in December of 2002.
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Big Red sports in the black[/SIZE]
BY RICH KAIPUST
Omaha World Herald
LINCOLN - What's the difference between the University of Nebraska playing six football home games in 2004 and seven in 2005?
Raises across the board for coaches and athletic department personnel, no more cuts for individual sports and the ability to handle $10 million in debt service for the Memorial Stadium facility project in the next year.
Nebraska on Thursday announced a $62.6 million budget for the 2005-06 fiscal year, while reporting $75,000 in revenue from 2004-05.
"We finished 2005 in the black, and we feel pretty good about where we're at with that," NU Athletic Director Steve Pederson said. "It was pretty true to form from beginning to end, in terms of what our expectations are."
Expectations for the fiscal year that began July 1 can be even higher, thanks to the projected $3.2 million that comes from adding an additional home football game. And with NCAA approval of 12-game schedules starting in 2006, Pederson has said seven home games should be the norm for the future.
"This lets us maintain sport budgets at a consistent level," Pederson said. "We've asked sports to take cuts for a couple years here, and they've done a great job of tightening up and trimming their budgets
NU Base Salaries for 2005-06
Bill Callahan Football $364,088
Barry Collier Men's Basketball $233,818
Mike Anderson Baseball $200,000
Connie Yori Women's Basketball $178,197
John Cook Volleyball $145,000
Gary Pepin Track and Field $119,542
John Walker Soccer $107,000
Rhonda Revelle Softball $107,000
Francis Allen Men's Gymnastics $93,306
Mark Manning Wrestling $90,000
Dan Kendig Women's Gymnastics $77,000
Pablo Morales Swimming $55,000
Bill Straub Bowling $55,000
Scott Jacobson Women's Tennis $55,000
Launi Meili Rifle $50,000
Robin Krapfl Women's Golf $47,276
Kerry McDermott Men's Tennis $47,222
Bill Spangler Men's Golf $40,614
Most coaches and athletic department personnel also have received 3 percent salary increases. University-wide, pay raises had been effected in recent years by budgetary cuts.
Overall athletic department salaries will total $20,557,908 in 2005-06 - roughly one-third of its operating expenses.
"This is the most aggressive we've been able to be since I've been here," said Pederson, hired in December of 2002. "We've got a lot of hard-working people. I'm glad we were able to do something. It's nothing dramatic, but it's nice for our staff."
Football salaries will total just over $4.2 million for the current fiscal year. Head coach Bill Callahan's base salary climbed from $325,000 to $364,088, although his total package is worth more than $1.5 million annually.
Offensive coordinator Jay Norvell and defensive coordinator Kevin Cosgrove both got salary bumps from $200,000 to $206,000. Receivers coach Ted Gilmore, the only newcomer to the staff, starts out at $130,000.
"I think we paid competitively to get a great coaching staff," Pederson said.
The debt service for 2005-06 is a 54 percent increase from last year. The $10.2 million figure is now consistent through 2009. Had the Huskers been scheduled to play only six home games again next fall, Pederson said NU "would have had to come up with another plan" to cover it.
Also coming into play for the 2005-06 budget are biannual payments of $750,000 from Adidas for the university's new contract with the shoe and apparel company.
Among individual sports, men's basketball shows a projected loss of $894,267 for 2005-06. But Pederson and Nancy Kenny, the athletic department's chief financial officer, reiterated that NU has changed its accounting practices for the sport, most notably no longer figuring in Big 12 Conference revenue.
Kenny told The World-Herald in August that men's basketball continues to earn the university over $1 million a year. Pederson has said the program has the ability to triple that figure.
Success, however, has been lacking with the Huskers recently completing their worst five-year stretch in school history.
"This is a sport that we care about and that we're spending a great deal of money on," Kenny said, referring to $3.1 million in estimated expenses for 2005-06.
When the $10 million debt service payments cease, Pederson said the money saved would go toward expected increases in tuition, utility costs, pay raises and maintenance. He also pointed to coming costs for HuskerVision, now nearly a decade old.
Future revenue will include sales of the North Stadium skyboxes, which haven't started yet. Those open for the 2006 season. Leases for the West Stadium skyboxes are currently in the sixth year of 10-year contracts
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