Texas Becomes First Public School To Reach $200M In Revenue, Expenses In Same Year
The Univ. of Texas had nearly $215M in annual operating revenue and total operating expenses of $207M during FY '17, the first time a D-I public-school athletics program has had at least $200M in "both operating revenues and expenses in the same year," according to Steve Berkowitz of USA TODAY. In addition to its operating expenses, UT reported making a separate $10.3M transfer to the university. UT athletics is among the "few nationally that gets no revenue from student fees, or institutional or state sources." Ticket revenue was up by $11.6M to $72.5M. That is the "largest single-year ticket revenue total for a public school," by more than $9M. Part of that increase was "attributable to an expansion of concert business" at the Frank Erwin Center, where Texas plays basketball. Royalties and licensing were up by $9.1M to $45.9M, and media rights were up by $2.7M to $17.6M (USATODAY.com, 1/20). In Austin, Brian Davis noted football "led the way financially" as the school generated $42.4M in ticket revenue during the '16 season. Men's basketball ($6.6M) and baseball ($913,000) were the "only other two sports to show profit for the athletic year" (AUSTIN AMERICAN-STATESMAN, 1/21).