LSU Athletics Leans On Football Program To Turn $12M Profit In '15-16 Academic Year
LSU's athletic department spent $129.8M and made $141.6M in the '15-16 academic year, "making a profit" of nearly $12M that is "similar" to the '14-15 figure, according to Ross Dellenger of the Baton Rouge ADVOCATE. LSU football made $85M in '15-16, a profit of more than $55M. Football was "one of just three athletic teams to turn a profit" in '15-16, the "norm at LSU." Men's basketball made $2.3M and baseball made $1.5M. Men’s basketball "made $406,000 more in ticket sales last season" than it did in '14-15, a 24% increase that was "likely a result" of the highly anticipated '15-16 season with F Ben Simmons. The Tiger Athletic Foundation, a private nonprofit supporting LSU athletics, contributed more than $8M to the athletic department for "operating expenses" in '15-16, down $6M from '14-15. However, TAF gave another $14M for LSU’s new tennis complex. TAF in total donated more than $22M to the program in the past academic year, and Nike gave another $1.6M (Baton Rouge ADVOCATE, 2/21).