Syracuse Athletics Sets Revenue Record, Earned Over $90M In '16-17
Syracuse athletics "set a record for revenue" in '16-17, making more than $90M for the "first time in school history," according to Chris Carlson of the Syracuse POST-STANDARD. Syracuse reported revenue of $91.4M during the '16-17 academic year, "breaking the record" of $87.6M that was set in '12-13. SU's reported revenue in '15-16 was $82.6M. Syracuse also reported spending $71.8M on athletics in '16-17, down from $74.1M the previous year, which was the "most in program history." The athletic department had a profit of $19.6M "generated by the university" in '16-17. However, a Syracuse spokesperson in a statement said that the athletic department "did not run a profit and that the athletic department has a balanced budget instead." The surplus shown was a "result of how the information is provided to the federal government" (Syracuse POST-STANDARD, 2/8).