A fee necessary to start a new football program at East Tennessee State University will be considered today by a committee of the school's governing body.
Members of the Tennessee Board of Regents' Finance and Business Operations Committee are scheduled to meet in Franklin later today to consider consider fee requests from various schools in the TBR system, including the $125 per student per semester fee approved by the ETSU’s Student Government Association in January.
This committee must vote on the fee before it goes before the full Board for a vote.
The full Board is scheduled to meet Friday. Board members will vote on the implementation of the new fee at that time based on the recommendation of the Finance and Business Operations Committee.
This new athletic fee would generate $2.5 million for football the first year beginning this fall. After that, the fee is estimated to generate $2.8 million per year.
An estimate for expenses for a football team would be just under $4.9 million per year by 2018-19. Expenses not covered by the proposed fee would be covered by NCAA scholarship fee distributions, game guarantees, marketing/promotions contracts, radio contracts, concessions, merchandise and fundraising.
If the fee is recommended today and approved by the full Board Friday, ETSU would move quickly to establish a new football program. A head coach would be sought and probably hired by May. A team could be on the field by fall 2015.