Menu
Colleges

Media Rights, Pac-12 Distributions Bump Arizona State Revenue To Record Number

Arizona State's athletic department revenue "took another jump to a record" $94.6M for FY '16, creating a $5.5M surplus in its annual operating budget, according to Jeff Metcalfe of the ARIZONA REPUBLIC. ASU revenue increased 12.1%, up from $84.4M for FY '15, while expenses rose 6.2% from $83.8M to $89M. That is a "bottom line increase" of slightly more than $5M from $566,525 for FY '15. ASU VP/Athletics Ray Anderson said, "We're making progress. We're nowhere near where we should be (in revenue) given the attractiveness of our sports, the size of our alumni base and the attractiveness overall of our vision." Metcalfe noted Anderson started at ASU in January '14, midway through FY '14, when athletic department revenue was $74.7M and the budget surplus was $164,919. ASU "first began charging students $75 per semester for athletics" in FY '15. ASU's 13% revenue increase in FY '15 was "primarily due to implementation of the student athletic fee." For FY '16, the revenue jump "comes mostly from increases in the combined categories of media rights, NCAA distributions and Pac-12 distributions." In the royalties, licensing and sponsorships category, ASU revenue rose to $13.6M, "largely due to a new athletic apparel contract" with adidas that took effect in July '15. Meanwhile, on the expense side, ASU's largest increases for FY '16 "were for athletic student aid, support staff/administrative compensation and direct overhead/administration expenses" (ARIZONA REPUBLIC, 2/16).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2017/02/17/Colleges/Arizona-State.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2017/02/17/Colleges/Arizona-State.aspx

CLOSE