Found November 21, 2012 on NFL Draft Zone:
Tennessee chancellor Jimmy Cheek announced that the school would reinvest $18 million in the athletic department over the next three years, giving the department a much-needed boost in funds as the school transitions to a new coaching staff. Before the reinvestment, the $18 million was earmarked for the academic scholarships, fellowships and programs. Cheek emphasized that Tennessee “will not reduce” its financial commitment to academics, and will look to replace the reallocated funds through “private gifts.” “As we face a transition in our football program, I want to make it clear that we support a mission of comprehensive excellence in our athletics department,” Cheek said. “Under the leadership of Vice Chancellor and Athletics Director Dave Hart, we will do the things required to return our team to national prominence. As we begin our search for a new coach, I have assured Dave that he will have the support and resources he needs to be successful.” With that cash in hand – or to ...
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