Washington State released the numbers for its 2014 fiscal year (7/1/13-6/30/14) and the deficit the department is currently dealing with grew significantly. The total loss was $13,011,493, up significantly from a $3,568,529 deficit in the 2013 fiscal year. Jacob Thorpe has the complete numbers.
A significant reason for the deficit increase was repayment of loans on the recent stadium additions. The Cougars also had an increase in football salaries and bonuses due from making a bowl game. The change of basketball coaching staffs also added to the deficit. According to Bill Moos, WSU paid Ken Bone the $1.8 million left on his contract immediately instead of spacing it out during the years left on Bone's contract.
Television money remained good, but not where it will be down the road -- or at least where the Pac-12 schools hope it will be. WSU received $1.5 million from the Pac-12 Network. While that is a nice increase after receiving nothing in 2013, it's still short of the "7 or 8 million" Moos is optimistic the school will get one day.
Operating in a deficit won't change anytime soon with Moos expecting the program to be out of the red by 2019, possibly 2018. There also won't be any facility additions unless there is a significant donation to fund them.
"The plan is that any additional facilities will be the result of major gifts," Moos said, via the Spokesman Review. "We needed to get the football facilities as fast as we could to create the revenue stream from the premium seating area, and also to attract and develop our players, so we bonded that."
WSU rolls over Mike Leach's contract, as expected | The Spokesman-Review
We reported awhile ago that Bill Moos planned to allow Mike Leach's contract to roll over, in effect extending it until 2019.
Night with Cougar Football Statewide Tour Arrives in February - Washington State University Official Athletic Site
Cougars throughout the Pacific Northwest will have the chance to get a first-hand look at the Washington State football program during the Cougar Athletic Fund (CAF) "Night with Cougar Football" events in February.
WSU athletics releases 2014 fiscal numbers | The Spokesman-Review
On Friday, the Washington State athletic department released its statement of revenues and expenses for the prior fiscal year.
Junior forward Mariah Cooks notched her first career double-double for Washington State who’s second half comeback came up short in a 70-62 defeat to the University of California in Beasley Coliseum Friday.
California senior Reshanda Gray went "Beast Mode" in Cal’s Pac-12 road opener, scoring a game-high 24 points and pulling down a career-best 16 rebounds to lead the Golden Bears to a 70-62 victory against the Washington State Cougars.
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