Oregon Tops List Of Public School Athletic Finances Ole Miss Sets New Revenue Mark Texas Unveils New Ticket Upgrade Website New Houston AD Yurachek Settling In Georgia Approves Increased Athletic Budget Pac-12 Paces Ahead Of Other Conferences In Revenue Inside Auburn's Football Ticket Policy ND's Swarbrick Addresses Paying Players Slive Discusses Debuts Of CFP, SEC Network Nevada Waiting To Pay Cost Of Attendance
Upcoming Conferences and Events
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).