WVU Looking For Luck's Replacement Pitt Fires AD Steve Pederson Lochmann's Resignation Comes Amid UM Staff Shakeup Fired Pelini Slammed Nebraska AD Eichorst Hollis Concerned By Booze-Heavy Gamedays FAU Continues Big Bet On Football College Football Attendance Down In '14 Move March Madess To Help Regular Season Crowds? Nevada Cuts Costs To Profit From Bowls NMSU AD Discusses Transitioning Into New Job
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).