TFC To Field USL Pro Team FIFA Reviewing Corruption Report Owners Approve Manfred Contract CBS Sports Ready To Air Bills Game S.F. Bidding For '24 Games Names In The News IOC's Bach: Reform Will Make Bid Process Friendlier Classified Advertisements Cuomo: "Impractical" To Play Game In Buffalo Sonic Signs Durant As First Athlete Endorser
SBD/July 3, 2014/CollegesPrint All
Kansas State Univ. “expects its athletic budget to grow” to $65.7M for FY '15, according to Kellis Robinett of the K.C. STAR. The “projected rise” is a $5.65M increase from '14, but a $4.8M drop from '13, in which KSU’s operating revenue "was nearly" $70.5M. KSU AD John Currie on Wednesday "detailed the projected budget in a letter to fans." KSU has "operated in the black for five consecutive fiscal years." KSU in FY '15 "projects to spend" $23M on team operations and recruiting, $7.6M on scholarships, $4.9M on athlete support and $3.4M on sports administration. The “main revenue projections include” $26M from the Big 12 and the NCAA, $16.5M from donations, and $10.8M from football ticket sales. One “expected expense increase will be found in food.” The school “plans to spend” 18% more, approximately $700,000, on “nutritional expenses following new NCAA legislation that allows schools to provide round-the-clock meals and snacks to athletes” (K.C. STAR, 7/3). Currie in the letter wrote, “Our largest revenue sources will again be the combined $31.16 million in ticket purchases and contributions by our loyal fans and Ahearn Fund donors and $26 million in projected Big 12/NCAA revenue shares.” He added that 58% of the budget “goes toward team operations including scholarships, sports medicine, coaching, travel and recruiting” (CJONLINE.com, 7/2).