Penn State athletics reported a "small dip in revenues" for the '18-19 fiscal year, as well as a drop of $6M in profits in its annual report filed with the NCAA, according to Mike Poorman of STATECOLLEGE.com. Overall revenues for PSU athletics were $164.5M, a decline of about $840,000 from '17-18. Meanwhile, revenues produced by PSU football were $105.505M for the reporting period that included the school's 9-4 season in '18. In '18-19, Penn State football ticket sales increased almost $2.8M, to $36.83M. Football’s other "big money-makers" were media rights ($41M, a drop of $683,000), contributions ($10.79M, a drop of about $550,000), concessions, parking and souvenirs ($6.8M, an increase of about $430,000). Football expenses increased $1.021M over the past year, "led by jumps in compensation for coaches" (up about $1.6M, to $15.76M) and staff (up about $945,000, to $5.27M). PSU football showed a profit of $54.26M, "off slightly" from the $55.02M it reported in '17-18. PSU athletics’ overall debt and lease expenses dropped almost $4M, although those "expenses still include paying back a bridge loan from Old Main and paying off its NCAA fine" from the Jerry Sandusky scandal (STATECOLLEGE.com, 2/21).
