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SBD/March 31, 2014/Colleges
KU, K-State, Mizzou All Report FY '13 Surpluses Based On Contributions, Ticket Sales
Published March 31, 2014
MADE IN MANHATTAN: In K.C., Kellis Robinett noted Kansas State Univ.'s athletic department in FY '13 "brought in more revenue than ever," but its expenses "also hit an all-time high." The "end result" was a surplus of roughly $11.1M, down 9.33% from the year before. KSU reported nearly $70.5M in gross revenue and more than $59.3M in operating expenses. The "bulk" of the school's revenue "came from its football program." KSU's gross football revenue reached $42.2M, "maintaining a rapid ascent" from $35.8M in '12 and $23.5M in '11. Net football revenue in '13 was $26.2M. Another "notable increase came in royalties and licensing," as KSU made $2.3M in that category in '13, up 17% from the year before. The school also profited more than $15M "off of ticket sales," received nearly $18M in "contributions," and took in nearly $25M from the NCAA and Big 12 (K.C. STAR, 3/29).
SOUTHERN COMFORT: In K.C., Tod Palmer noted the Univ. of Missouri athletics department saw a 50% "jump in operating revenue" for FY '13, "raking in" $76.3M compared to $50.7M in '12. Much of the increase "was expected," as MU "received only" $1.81M in NCAA and conference revenue in FY '12 after leaving the Big 12 for the SEC. But during its first year in the SEC, the school received $21.1M, which "accounts for most -- but not all" -- of the $25.6M revenue boost. Ticket sales and contributions "spiked" in '13, including an increase of $3.6M for football ticket sales, which represents a 22.25% jump. FY '13 ended June 30, so those sales "do not reflect last season," when the football team "matched the school record for wins, going 12-2 and winning the SEC East division championship as well as the 2014 Cotton Bowl" (K.C. STAR, 3/29).