With its current financial state, the University of Tennessee at Chattanooga athletic department could stand to save some money.
Virginia Commonwealth’s athletic department is going to help out.
Basketball coach Will Wade departed UTC on Tuesday to become the new coach at VCU. Since he left prior to the end of his contract, the university is due a buyout figure of $132,750 to be paid either by Wade or VCU. That number will be payable to UTC in 60 days.
Athletic director David Blackburn said the money would be used wisely.
“It’s good, because it’s money we don’t have,” Blackburn said. “It gives us money to be able to fly potential coaches in for interviews.