TSSAA announces its financial results for 2013

[airstrip1]

Hermitage, TN (Business Wire)-November 10, 2013, TSSAA (the “Associationâ€), reported its financial results for the year ending June 30, 2013. 

 

Association revenues sky rocked to $3.755 million while profitability (in a non profit) increased 67% to $430,000.  Cash and Equivalents fell just shy of a staggering $3,000,000.  By almost any measure including executive compensation, the Association enjoys a financial condition unheard of in the non-profit space and completely foreign to its member schools.

 

Commenting on the results, the Association said, “ We’d like to first recognize our Control Board for caring more about the Association than the member schools that they are supposed to represent.† “From $8 playoff football ticket prices to stealing 50% of the football playoff gate (also unheard of) and basketball Hall of Financial Fame Games that were supposed to help build a building but that we kept, our Board is always willing to look past the deplorable financial condition of the athletic programs across the state and to ignore altogether any concept of fiduciary responsibility. “ 

 

Association revenues from football playoffs was a staggering $860,000 and represents 50% of all revenues generated by approximately 200 programs and over 350 playoff games.   It boggles the mind to think of all the effort that goes into all the playoff games that anybody would be arrogant enough to believe they should get half of the fruits of labor leading one to believe that Ferdinand or Imelda Marcos is on staff in some capacity.  While some schools come out of pocket just to play, the Association did indicate “But we buy the trophies and you just can’t imagine the expense and pressure of all that.† When asked about its financial results in the midst of the recent recession the Association responded,  “What recessionâ€?

 

The Association also wished to thank the media for "just being dumb and not caring about any of thisâ€.  “The media’s fixation on crap like what individual is best in a team sports versus having even a modicum of curiosity about how the financial resources of Tennessee schools enriches a narrow few just makes all this work.â€When asked about how its financial condition juxtapositions its mission statement of building character the Association said†Joel Osteen gave of that mission stuff several years ago but we don’t pay much attention to itâ€.  We do have an internal motto we modified from Al Davis….â€Just pay babyâ€. 

 

When asked about the plans for the $3,000,000 in cash, the Association responded, “We are not sure but it’s going to protect kids somehowâ€.  In closing, the Association indicated that the split of the Hall of Fame game revenues was going to be 50-50 versus 75-25.  “Some of our folks did start to feel bad about the false pretense of all this and all this money we are making but we are hoping that is the exemption rather than the ruleâ€.

[AlcoasPaintedBridge]

[Ericblair]

Would be funny if it weren't true.

[BigDave1967]

I'm surprised that the TSSAA makes so much money off of High School football when the GHSA in Georgia just scrapes by.

[Ericblair]

I'm surprised that the TSSAA makes so much money off of High School football when the GHSA in Georgia just scrapes by.

 

Associations that represent other programs (as in Athletic Programs) that scrape by should also scrape by.  This business of living like kings while subjects battle for crumbs is Dark Ages type stuff. 

[BigDave1967]

+1000

[DougS]

And we should expect anything else? We live in TN and are all a bunch of hicks and rednecks that can't figure out how to electricity or indoor plumbing

[MountainTroll]

Because of the way they conduct their business, they need to keep millions in reserve for legal defense.

 

That about sums it up. 

Edited November 24, 2013 by MountainTroll

[heavyweight75]

What can be done to get the tssaa to stop taking money away from the states athletic programs.We all know they need the money but they don't need as much as their taking. Does the schools have the option to get out of the tssaa or can another organization step in and govern?

[Talisman]

For many years Tennessee (and many other states) did not have a football playoff series.

[airstrip1]

What can be done to get the tssaa to stop taking money away from the states athletic programs.We all know they need the money but they don't need as much as their taking. Does the schools have the option to get out of the tssaa or can another organization step in and govern?

ADs, coaches and school principals can become more informed.  I got $100 bucks thats says not one AD, coach or school principal that is not on the Control Board understands how well this Association does financial and if they do, shame on them.