23-24 Ath Dept Surpluses

[11NCs]

No Power 4 schools reported Ath Dept losses in 23-24; all had surpluses or broke even after considering revenues and expenses not allocated to any sports, which may include subsidies from the university (i.e., the Ath Dept may be carrying losses subsidized by the university). A breakdown of ND by sport is a few posts below.

1. The University of Texas at Austin ($82.8M)
2. University of Kansas ($59M)
3. University of Georgia ($58.9M)
4. University of Nebraska-Lincoln ($36.4M)
5. University of Notre Dame ($25.7M)
6. University of Iowa ($22.7M)
7. Pennsylvania State University-Main Campus ($21.3M)
8. Kansas State University ($18.8M)
9. Purdue University-Main Campus ($18.1M)
10. Brigham Young University ($14.2M)
11. Virginia Polytechnic Institute and State University ($13.2M)
12. Auburn University ($10.9M)
13. University of Wisconsin-Madison ($10.9M)
14. University of North Carolina at Chapel Hill ($8.5M)
15. University of Colorado Boulder ($8.3M)
16. North Carolina State University at Raleigh ($8.3M)
17. Texas A & M University-College Station ($8M)
18. University of Minnesota-Twin Cities ($6.2M)
19. University of Central Florida ($3.3M)
20. Syracuse University ($3.3M)
21. University of Oregon ($1.9M)
22. Louisiana State University and Agricultural & Mechanical College ($1.8M)
23. Oklahoma State University-Main Campus ($1.3M)
24. Texas Tech University ($1M)
25. University of Michigan-Ann Arbor ($0.6M)
26. University of Arkansas ($0.6M)
27. Georgia Institute of Technology-Main Campus ($0.4M)
28. University of Oklahoma-Norman Campus ($0.3M)
29. University of Kentucky ($0.1M)
30. Duke University ($0.1M)

USDOE

 

[iLOVEtohurdle41]

Ohio State?????? Is this right?

 

[NDinNJ]

No Power 4 schools reported Ath Dept losses in 23-24 (all had surpluses or broke even after considering revenues and expenses not allocated to any sports)

Are you sure about this? Not a single P4 team showed a loss? Your statement is incorrect because Rutgers is a P4 school in the BIG10 and they showed a deficit of $70 million for 23-24 fiscal year.

Rutgers' deficit exceeds $70M for FY23-24, per financial report

Rutgersâ¯Univ. Athleticsâ deficit topped $70M for the second time in four years in 2023-24 after the university spent a record $178.3M during the most recent academic year.

www.sportsbusinessjournal.com

 

[savvyandsassier]

Ohio State?????? Is this right?

You know what spendthrifts tOSU are. Their profligates, they blew through their money. They don't save for a rainy day over there. I'm just surprised all these schools have all these millions of dollars lying around. They're always pleading and crying poverty. They can't afford to pay the players. Turns out they got millions in leftover cash. Especially KU, which I wouldn't have expected for some reason.

 

[11NCs]

Are you sure about this? Not a single P4 team showed a loss? Your statement is incorrect because Rutgers is a P4 school in the BIG10 and they showed a deficit of $70 million for 23-24 fiscal year.

Rutgers' deficit exceeds $70M for FY23-24, per financial report

Rutgersâ¯Univ. Athleticsâ deficit topped $70M for the second time in four years in 2023-24 after the university spent a record $178.3M during the most recent academic year.

www.sportsbusinessjournal.com

Thank you. I added a note to my OP to clarify important context you pointed out.

FYI...Rutgers reports breakeven in all of its sports, an indication the university is subsidizing the Ath Dept in a big way. Below is revenue and expense reported to USDOE by Rutgers.

Baseball ($3.5M)
Bskball ($22.7M)
Trckcomb ($4.4M)
FldHcky ($2.4M)
Football ($62M)
Golf ($2.3M)
Gymn ($3M)
Lacrsse ($5.2M)
Rowing ($3.2M)
Soccer ($5.3M)
Softball ($2.4M)
SwimDivng ($2.7M)
Tennis ($1.3M)
Vollball ($2.8M)
Wrestling ($2.9M)
Unallocated ($29.9M)
Total ($155.9M)

 

[11NCs]

Thank you. I added a note to my OP to clarify important context you pointed out.

FYI...Rutgers reports breakeven in all of its sports, an indication the university is subsidizing the Ath Dept in a big way. Below is revenue and expense reported to USDOE by Rutgers.

Baseball ($3.5M)
Bskball ($22.7M)
Trckcomb ($4.4M)
FldHcky ($2.4M)
Football ($62M)
Golf ($2.3M)
Gymn ($3M)
Lacrsse ($5.2M)
Rowing ($3.2M)
Soccer ($5.3M)
Softball ($2.4M)
SwimDivng ($2.7M)
Tennis ($1.3M)
Vollball ($2.8M)
Wrestling ($2.9M)
Unallocated ($29.9M)
Total ($155.9M)

And to an anticipated follow-up, here is what Notre Dame reported. All sports reported breakeven except Football and Unallocated. A reasonable conclusion is Football subsidizes all other sports AND contributes to the University. That the Ath Dept contributes to the University scholarship funds every year has been well-publicized by the University for decades.

Sport (rev & exp except as noted)
Baseball ($3.4M)
Bskball ($20.6M)
Trckcomb ($4.8M)
Fencing ($2.7M)
Football ($150.2M -$68.8M = $81.4M Surplus)
Golf ($3M)
Hockey ($5.7M)
Lacrsse ($7.1M)
Rowing ($2.9M)
Soccer ($5.7M)
Softball ($3.1M)
SwimDivng ($4.5M)
Tennis ($3.1M)
Vollball ($3.9M)
Unallocated ($14M -$69.7M = $-55.7M Deficit)
Total ($234.7M $-209M = $25.7M Surplus)

 

[NDinNJ]

Thank you. I added a note to my OP to clarify important context you pointed out.

FYI...Rutgers reports breakeven in all of its sports, an indication the university is subsidizing the Ath Dept in a big way. Below is revenue and expense reported to USDOE by Rutgers.

Baseball ($3.5M)
Bskball ($22.7M)
Trckcomb ($4.4M)
FldHcky ($2.4M)
Football ($62M)
Golf ($2.3M)
Gymn ($3M)
Lacrsse ($5.2M)
Rowing ($3.2M)
Soccer ($5.3M)
Softball ($2.4M)
SwimDivng ($2.7M)
Tennis ($1.3M)
Vollball ($2.8M)
Wrestling ($2.9M)
Unallocated ($29.9M)
Total ($155.9M)

No worries, thanks for the clarification. Rutgers like everything else tied to NJ government is mismanaged.

You are correct, Rutgers university (tax dollars) is subsidizing their athletic department. It's crazy to think that a university of higher learning is taking money away from its core mission to support sports.

 

[NDinNJ]

And to an anticipated follow-up, here is what Notre Dame reported. All sports reported breakeven except Football and Unallocated. A reasonable conclusion is Football subsidizes all other sports AND contributes to the University. That the Ath Dept contributes to the University scholarship funds every year has been well-publicized by the University for decades.

Baseball ($3.4M)
Bskball ($20.6M)
Trckcomb ($4.8M)
Fencing ($2.7M)
Football ($150.2M -$68.8M = $81.4M Surplus)
Golf ($3M)
Hockey ($5.7M)
Lacrsse ($7.1M)
Rowing ($2.9M)
Soccer ($5.7M)
Softball ($3.1M)
SwimDivng ($4.5M)
Tennis ($3.1M)
Vollball ($3.9M)
Unallocated ($14M -$69.7M = $-55.7M Deficit)
Total ($234.7M $-209M = $25.7M Surplus)

Awesome info, thanks. Looking at these numbers I can't help but think of Chaseballs posts about Notre Dame making "billions and billions" of dollars from football. Just proves how clueless he is about basic business principles.

Im surprised basketball has such a huge deficit, I would have thought they'd be at least break-even if not slightly profitable.

 

[11NCs]

Awesome info, thanks. Looking at these numbers I can't help but think of Chaseballs posts about Notre Dame making "billions and billions" of dollars from football. Just proves how clueless he is about basic business principles.

Im surprised basketball has such a huge deficit, I would have thought they'd be at least break-even if not slightly profitable.

Basketball amount shown it total revenue and also total expenses - I.e., it is breakeven. From the data provided USDOE it is not possible to tell the extent to which Basketball or any of the other breakeven sports are subsidized.