Collegiate Athletic Programs Face Varied Financial Outcomes

The University of Michigan's athletic department reported a modest surplus of $557,061 for the 2023-24 fiscal year, while Indiana University's athletic department posted a $3.1 million deficit despite a record $173.5 million in operating revenues. Ohio State University faced a substantial $37.7 million deficit in 2024, driven by decreases in ticket sales and high severance costs, spending a record $292.3 million, the second-highest in Division I history. Texas A&M recorded a $22.7 million surplus, with significant revenues from contributions and ticket sales, despite record-high expenses of $243.7 million. These reports highlight the varying financial challenges and successes among major collegiate athletic programs, influenced by factors such as revenue from ticket sales, media rights, and institutional support.