… The university also said its operations in the last fiscal year were dragged down by “nonrecurring” — meaning unusual — expenses.
Those included deferred compensation of $4.5 million owed to former Athletic Director Tom Jurich and a $5.5 million buyout of the contract of former basketball coach Rick Pitino, both of whom were fired after the program was swept up by a nationwide fraud and corruption sting into NCAA programs.
It’s always a pleasure to bankrupt ourselves and raise tuition by the highest percentage allowable in order to pay out huge bucks to assholes.
Oh, and on Pitino: Did you really think that $5.5 thing would cut it? He’s suing UL for FORTY MILLION.
Speaking of assholes, hold onto your hat as we sue our chiseling last president to see if we can’t get some money back from him! Meanwhile, though, legal expenses for that will add to our losses…