ESPN Restructures Big 12 Deal Amid Possible Expansion Michigan Football Helps School's Financial Position Big 12 Memo Sheds Light On Decision To Not Expand AAC Eyes "Power Six" Conference Moniker Big 12 Presidents Opt Against Expansion Big 12 Decision Angers Prospective Schools OSU Examines Dip In Attendance At Boone Pickens Florida-LSU Rescheduled For November Delany Stresses Importance Of East Coast Big 12 To Vote On Expansion Next Week
OH STATE DOCUMENTS SHOW THAT ATHLETIC DEPT. REVENUES "SOAR"
Published October 19, 1999
Documents released by OH State Univ. (OSU) revealed that the school's "revenue from its athletic department soared" about $23M from the last FY, or 50%, to "nearly" $70M, according to Barnet Wolf of the COLUMBUS DISPATCH, who wrote that the increase is due "in large part to revenue from the Schottenstein Center, which opened last fall." The Schottenstein Center brought in about $18.5M, "nearly" $2M more than had been projected, and the OSU-branded credit- card deal with Bank One brought in another $1.6M. Additionally, money produced by marketing and promos doubled to about $695,991 and merchandising revenue experienced a "similar percentage increase" to $981,769. But while "revenue was higher, so were expenses, meaning the athletic department's profit for the year amounted to $57,553, down from nearly" $1M the previous year. Football and men's basketball are "the only OSU sports that are expected to make a profit this year" (COLUMBUS DISPATCH, 10/16).