reading this article. Texas tech getting a whole lot of money pumped into its school due to oil folks
its AD went and said this quote. im sure a lot of their fans not happy that gas is $5 a gallon
all this money and out here losing to Wyoming
“The resources we enjoy from the Permian Basin and the people who work there is incredible,” says athletic director Kirby Hocutt. “I’m one of the few ADs in the country who is OK with fuel being $5 a gallon.”
According to Hocutt, Texas Tech has raised more than $100 million for what will be the largest contiguous football facility in the country, bolstered by the lead gifts from Womble ($20 million) and Campbell, both of whom are also on the university’s board of regents.
But this is the brave new world of college football, meaning that new-school oil money also fuels the Matador Club, a non-profit NIL collective spearheaded by Campbell and Sellers that supports Red Raiders athletes and operates under the auspices of Double Eagle. It has an annual NIL budget of $8 million spread across all Tech athletics, including 120 football players — scholarship and non-scholarship — receiving at least $25,000 a year.