How much money does osu athletics make?

The Ohio State athletic department's operating revenue of more than $251 million in the 2022 fiscal year was the highest in the country, according to a report by USA Today.

How much money does Ohio State athletics make a year?

How Much Does Ohio State Athletics Earn Yearly? During the fiscal year of July 2021-June 2022, the Ohio State Sports division achieved a new high of $251.6 million in total revenue.

What is the revenue of Ohio State athletic Department in 2023?

Ohio State's athletic department had "a record-breaking year in operating revenue" in FY2023 by generating just over $279.5M with expenses of more than $274.9M. OSU's revenue total "edged out Texas A&M" for the most nationally.

What is the revenue of Oklahoma State University athletics?

The school's athletic expenses totaled $121,003,194, leaving the department with just over $1 million in operating surplus. In the 2022 fiscal year, OSU reported revenue to the NCAA of $104.4 million and expenses of $103.3 million, putting the school's athletic surplus again in the $1 million range.

How much money did Ohio State athletics make last year?

Revenue for the year running from July 1, 2022, to June 30, 2023, increased 11% from the previous fiscal year's record $251,615,345, according to an annual financial report filed each year with the NCAA.

OSU athletics revenue could drop by 44% in 2025

How much does Ohio State spend on athletics?

Due to the revenue leap, Ohio State had a $25.9 million operating athletics surplus for 2022. The department reported $225.7 million in total expenses.

What college has the most sports revenue?

College sports make big money, but some schools earn a lot more than others. The SEC and Big Ten dominate the list of the schools that make the most money from sports. The Ohio State University tops the list of biggest sports money-makers.

How many schools profit from athletics?

Of available data, a total of 18 of 229 public Division I athletics programs generated more money than they spent in 2020. This ranged from a whopping $270 million profit (thank you for the gift, Nike co-founder Phil Knight) at the University of Oregon to a massive $48.2 million deficit at James Madison University.

What college sports have the highest revenue?

What College Sport Makes the Most Money? College football revenue is the highest among college sports, averaging $31.9 million per school annually. TV rights deals such as from ESPN are the biggest contributors, reaching $270 million.

How much does Ohio State athletic director make?

The length of the agreement is for five years, running through June 30, 2029, and puts Bjork among the small handful of the country's athletic directors earning more than $2 million annually.

What is Ohio State University annual budget?

Ohio State continues to invest in our strengths as a leading national flagship research university and thriving academic medical center. Our consolidated Fiscal Year 2024 budget projects: $9.59 billion in revenues. $9.02 billion in spending.

How much does the osu coach make a year?

Ohio State football coach Ryan Day received a pay bump ahead of the 2023 season, increasing his salary to $9.96 million, Bucknuts' Patrick Murphy confirmed. The university noted a 5.25% manager recommendation increase in a May 1 letter, which details an increase in Day's media payments, per The Columbus Dispatch.

Does Ohio State pay their athletes?

Compensation can be anything from a gift-in-kind product to monetary compensation. There are a few limitations: Ohio State cannot directly compensate student-athletes.

How much does osu football coach make a year?

Ryan Day's contract details

Ryan Day, the current head coach of Ohio State's football program, signed a seven-year contract in May 2022, including a two-year extension. The entire arrangement is worth $66.5 million. Unlike other coaches, his salary of $9.5 million yearly does not increase annually.

What is the richest university in America?

Harvard University, with a $49.495 billion endowment as of FY2023, is the wealthiest university in the world. The National Association of College and University Business Officers (NACUBO) maintains information on endowments at U.S. higher education institutions by fiscal year (FY).

Who is the richest college athlete?

Bronny James is the most paid and famous college athlete. The young basketball player is the son of the NBA Los Angeles Lakers forward LeBron James. Bronny has enjoyed the spotlight since birth, thanks to his famous dad. The young star plays for the Trojans at the University of Southern California.

How much does college athletics make a year?

The average College Athlete in the US makes $80,801. College Athletes make the most in San Jose, CA at $159,532 averaging total compensation 97% greater than US average.

What athletic sport makes the most money?

NBA. NBA generates huge sums of money yearly – from sponsorship rights to income generated from NBA odds. Basketball is the highest-paid sport in the world, with an average annual NBA salary in 2023 of nearly $10.5 million. The league has over 30 teams and pays the highest player salary of $48 million.

What is the most profitable sport in America?

The world's most profitable pro sports league is the National Football League (NFL) in the United States. The NFL generates the most revenue of any sports league in the world, with estimated revenues of around $15 billion annually.

What college spends the most on football?

How does Ohio State make so much money?

Tuition and fees: Tuition and fees are the largest source of revenue for Ohio State. In fiscal year 2022, the university collected $1.3 billion in tuition and fees from its students. State appropriations: Ohio State receives state appropriations from the Ohio General Assembly.

How much is Ohio State University worth?

As of 2023, the university has an endowment of $7.4 billion. The university has over 1,000 student organizations; intercollegiate, club and recreational sports programs; student media organizations and publications, fraternities and sororities; and three student governments.

What is Ohio State known for in sports?

Ohio State is one of only seven universities to have won an NCAA national championship in baseball and men's basketball, and be recognized as a national champion in football.