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Ohio State The Nation's Most Profitable Athletic Dept.

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OHIO STATE TO RECEIVE $1.3 MILLION PAYOUT FROM NCAA

According to Steve Berkowitz of USA Today, the NCAA will disburse $200 million in April to Division 1 schools. The case-by-case payments will range from $1.3 million to $165,000.

Under a plan approved a year ago by the NCAA Board of Governors and the Division I Board of Directors, the amounts are based on the number of athletic scholarships the schools provided during the 2013-14 school year. Schools received credit for one scholarship for every set of partial awards that added up to the equivalent of a full scholarship.

Given the biggest money will go to the biggest schools, it's unsurprising to see Ohio State (404 scholarships) lead the pack at $1.3 million.

Entire article: http://www.elevenwarriors.com/ohio-...-state-to-receive-13-million-payout-from-ncaa
 
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Texas athletics department's operating revenue and expenses both over $200 million

Always a college sports financial giant, the University of Texas athletics department has taken yet another leap. It had nearly $215 million in annual operating revenue and total operating expenses of $207 million during its 2017 fiscal year, according its new annual financial report to the NCAA.

It is the first time a Division I public-school athletics program has had at least $200 million in both operating revenues and expenses in the same year.

Entire article: https://www.usatoday.com/story/spor...operating-revenue-and-expenses-ov/1050205001/

FWIW, Texas might have just pased everyone else.
 
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OHIO STATE PROJECTING $130 MILLION DECLINE IN ATHLETICS REVENUE FOR 2020-21 DUE TO CANCELLATION OF FALL SPORTS

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Ohio State is projecting a decline of more than $130 million in athletics revenue for the 2020-21 academic year due to the cancellation of fall sports.

According to the agenda for the Board of Trustees' Audit, Compliance and Finance Committee meeting this week, where the university's financial plan for the 2021 fiscal year is set to be approved, Ohio State is set for a $130.3 million decrease in athletics revenue from the 2020 fiscal year “due to the cancelled fall athletics season and related ticket, media, conference, and game guarantee revenue.”

The projected $130.3 million decline assumes no fall sports, so it's uncertain how much of that revenue could be made up if football and other fall sports end up playing winter or spring seasons. While it's likely a winter football season played in neutral-site stadiums without fans would only make up a fraction of that revenue due to the loss of ticket sales – for fiscal year 2019, the last year for which Ohio State's annual NCAA financial report is available, nearly $60 million of OSU's $210.5 million in total athletics revenues for the year came from ticket sales – a winter season could enable Ohio State to make up for some of its lost revenue through media rights contracts and other conference payouts.

While the agenda does not specify if and where budget cuts will be made within the Ohio State athletics department, the university's financial plan for the 2021 fiscal year calls for $175 million in target budget reductions across the entire university due to its projected revenue losses resulting from the COVID-19 pandemic.

Even though the COVID-19 pandemic forced the university to issue refunds for on-campus housing and dining after the spring semester was completed remotely, Ohio State reported a positive net cashflow of $248 million for the 2020 fiscal year, in part thanks to $170 million in federal stimulus funds that Ohio State received from the CARES Act.

Entire article: https://www.elevenwarriors.com/ohio...or-2020-21-due-to-cancellation-of-fall-sports
 
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Back in September, Ohio State projected a $107 million deficit for its athletic department for the 2021 fiscal year. That projection, however, did not include media rights revenue, and since the Buckeyes were ultimately able to play a fall football season, Ohio State is now projecting a deficit of between $60 million and $70 million with hopes of still lowering that further, athletic director Gene Smith said Wednesday.

“We’re moving in a positive direction,” Smith said. “Obviously having football, as you all know, helped mitigate the $107 million projection that we had. So we’re somewhere between $60-70 million that we’re projecting. We have to wait for basketball to get done, see if the actual NCAA Tournament goes off and all those types of things, but my goal hopefully is to get that south of $60 million by year’s end.”
 
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OHIO STATE ATHLETICS BROUGHT IN NEARLY $280 MILLION, SPENT NEARLY $275 MILLION IN 2023 FISCAL YEAR​

Ohio State athletics set a revenue record during the 2023 fiscal year for the second year in a row.

The athletic department's revenue for the 2023 fiscal year was $279,549,337, an increase of nearly $28 million from FY22, when it set its previous record for revenue with $251,615,345.

Ohio State also spent a record amount of money during the 2023 fiscal year, which ran from July 1, 2022 to June 30, 2023. Its $274,948,554 in expenses were nearly $50 million more than during the 2022 fiscal year when OSU spent $225,733,418 on athletics. Athletic facilities debt accounted for $45.3 million of expenses “as the university made additional principal payments to new facilities including the Schumaker Complex, Covelli Center and other projects to reduce payments in the future,” according to an Ohio State news release.

Leading sources of revenue for Ohio State during the 2023 fiscal year included $73,386,886 in ticket sales, $57,804,784 in contributions from donors, $49,796,025 in media rights payments and $42,832,059 in royalties, licensing, advertisement and sponsorship.

“Ohio State athletics remain on a rock-solid foundation thanks to the tremendous support from our fans, students and alumni,” Ohio State athletic director Gene Smith said in a statement. “They continue to show up, tune in and support our student-athletes, coaches and staff at our fields, stadiums and arenas.”

Ohio State’s largest expenses for the 2023 fiscal year included $45,252,753 in coaching salaries, $45,514,112 in support staff salaries, $45,347,778 in facility debt, $32,308,788 in direct overhead and administrative expenses and $14,182,170 in team travel.

The Ohio State football team directly accounted for $127,355,182 of the athletic department’s revenues, including $64,342,912 in ticket sales and $37,155,319 in media rights. Men’s basketball brought in $24,162,936 in revenue, including $12,640,706 in media rights and $4,739,605 in ticket
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Thanks Script for the breakdown. Not being picky (but let me be picky), thought the B10 was giving out $60 million in tv revenue to most of the Big Ten teams.... not $37 million and change. Always thought that the Athletic Department was one of the few AD's that contributed money to the university's general fund, remember seeing $10-20 million (but it's been awhile, and my mind is fuzzy). Am very proud that tOSU funds, what, 36 sports/clubs, which gives many more students access to their beloved sports, which are mainly non-revenue. Stanford is on same level, but never forget they have these Silicon Valley bizillionaires as donors. PS, looking above, see $37.2 (football), and $12.6 (basketball), is close to $50 million, so that's close to B10 tv money. When was back in C'bus over Christmas, pretty near every store had for sale Buckeye wear. And going to Costco, Buckeye basketball games, pretty near everyone sported Buckeye stuff.
 
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calibuck said:
Thanks Script for the breakdown. Not being picky (but let me be picky), thought the B10 was giving out $60 million in tv revenue to most of the Big Ten teams.... not $37 million and change. Always thought that the Athletic Department was one of the few AD's that contributed money to the university's general fund, remember seeing $10-20 million (but it's been awhile, and my mind is fuzzy). Am very proud that tOSU funds, what, 36 sports/clubs, which gives many more students access to their beloved sports, which are mainly non-revenue. Stanford is on same level, but never forget they have these Silicon Valley bizillionaires as donors. PS, looking above, see $37.2 (football), and $12.6 (basketball), is close to $50 million, so that's close to B10 tv money. When was back in C'bus over Christmas, pretty near every store had for sale Buckeye wear. And going to Costco, Buckeye basketball games, pretty near everyone sported Buckeye stuff.
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This was the year before the new TV contact and the new TV contract wasn't supposed to hit near the 60 million till USC and UCLA came on board in year 2 and CBS dropped the SEC contract during the same.
 
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Director of Player Personnel used to be basically Mark Pantoni's title a couple of years ago until he was promoted to "GM" last year. Can't blame OSU for looking to add to this department with the constant changes to the game

osu.wd1.myworkdayjobs.com

Director of Player Personnel

Screen reader users may encounter difficulty with this site. For assistance with applying, please contact [email protected]. If you have questions while submitting an application, please review these frequently asked questions. Current Employees and Students: If you are currently...
osu.wd1.myworkdayjobs.com
 
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calibuck said:
Thanks Script for the breakdown. Not being picky (but let me be picky), thought the B10 was giving out $60 million in tv revenue to most of the Big Ten teams.... not $37 million and change. Always thought that the Athletic Department was one of the few AD's that contributed money to the university's general fund, remember seeing $10-20 million (but it's been awhile, and my mind is fuzzy). Am very proud that tOSU funds, what, 36 sports/clubs, which gives many more students access to their beloved sports, which are mainly non-revenue. Stanford is on same level, but never forget they have these Silicon Valley bizillionaires as donors. PS, looking above, see $37.2 (football), and $12.6 (basketball), is close to $50 million, so that's close to B10 tv money. When was back in C'bus over Christmas, pretty near every store had for sale Buckeye wear. And going to Costco, Buckeye basketball games, pretty near everyone sported Buckeye stuff.
Click to expand...
Stanford and the Ivies fund 30+ D1 teams for reasons other than the love of sports. They're used to let a lot of wealthy, politically connected or alumni kids in who wouldn't get in otherwise without using legacy or development (i.e. Dad's a billionaire or Senator) slots for them.
 
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College athletics' 25 powerhouses who produce the most revenue entering 2024​

These programs have the deepest pockets in college sports.​

Athletic revenue is booming. The NCAA raked in $1.3 billion in revenue last season and distributed more than half back to Division I members. Television broadcast rights crossed the $4 billion mark in 2022 and continue to grow. There are also ticket sales, alumni donations, licensing and ads and conference distributions that make college athletics one of the world's biggest businesses.

Athletics departments nationwide recently submitted financial reports to the NCAA for the 2023 fiscal year, and the numbers were shocking. Nine programs raked in $200+ million in total operating revenue in 2023, up from five in 2022. Football is the breadwinner. Texas led the nation with $182 million in football revenue last season. Men's basketball brings in the second-most money but pales in comparison. The top-grossing hoops school netted $38 million.

We poured through financial reports, identified the 25 highest-grossing athletics programs last year using Sportico data, and compared the numbers to last season's figures. The top 10 are all Big Ten or SEC members in 2024.

1. OHIO STATE BUCKEYES​

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2023 athletic revenue: $279,549,337
2022 revenue: $251,615,345 (No. 1)
Ohio State finished No. 1 in these rankings each of the last two seasons and has finished in the top three in five of the last six. The Buckeyes' football program generated a whopping $127.3 million last season, with $64 million coming from ticket sales. Donors have also been generous, pumping $62 million into the program in 2022 and $57 million last season. The men's basketball program is holding its own, too. It ranked No. 8 in total operating revenue last season and finished No. 10 the year before.
 
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