Highest Net Income: ACC Athletic Departments

Previously, BusinessofCollegeSports.com showed you the most profitable Division I football and basketball programs.  Now, BusinessofCollegeSports.com will show you which athletic departments turned the highest net income in Division I.  Today, data for the ACC, Big 12, and Big Ten conferences will be posted.  Tomorrow, data for the Big East, Pac-12 and SEC will be posted.  On Wednesday, the top-50 athletic departments with the highest net income will be ranked.

The data was obtained from the Department of Education and is for 2010-11.  The data from the Department of Education is by no means perfect.  Throughout this series, net income was calculated by subtracting the “grand total expenses” from the “grand total revenues” that the athletic department reported to the Department of Education.  Expenses in this instance included:  head and assistant coach salaries, athletically related student aid, recruiting expenses, operating (game-day expenses) and “not allocated” expenses.  The expenses faced by athletic departments, however, may be greater than those reported in this snapshot provided by the Department of Education.  For example, an athletic department may have capital expenses outside of those expenses included in the report.  This all being said, this data is the only data publicly available for both public and private institutions.  Thus, it at least provides some insight into athletic department revenues, expenses, and net income before taking into consideration additional expenses, like capital projects.

School Total Athletic Department Revenues Total Athletic Department Expenses Net Income
Boston College 64,078,272.00 64,078,272.00 0.00
Clemson 61,174,977.00 60,958,659.00 216,318.00
Duke 67,986,188.00 67,418,981.00 567,207.00
Florida State 86,946,503.00 86,946,503.00 0.00
Georgia Tech 46,910,364.00 46,910,364.00 0.00
Maryland 57,765,018.00 57,501,307.00 263,711.00
Miami 60,325,003.00 57,561,177.00 2,763,826.00
North Carolina 71,369,784.00 70,709,553.00 660,231.00
North Carolina State 54,711,001.00 54,518,850.00 192,151.00
Virginia 78,439,006.00 72,400,342.00 6,038,664.00
Virginia Tech 61,077,122.00 56,762,362.00 4,314,760.00
Wake Forest 42,286,588.00 42,286,588.00 0.00

In 2010-11, four ACC athletic departments did not turn a positive net income:  Boston College, , Florida State, Georgia Tech and Wake Forest.  Of these athletic departments, Wake Forest had the smallest amount of revenue, at $42,286,588.00.

Three ACC athletic departments turned a net income larger than one million dollars in 2010-11.  These athletic departments were:  Miami, Virginia and Virginia Tech.  Of these athletic departments, Virginia had the largest amount of net income in 2010-11, with $6,038,664.00.

Posted on March 19, 2012, in ACC, Finance. Bookmark the permalink. 14 Comments.

  1. Managed to locate UVA report online just to see how they ended up being most profitable. Nearly half their revenue is from “Contributions”: $34,503,066. Of this total, $27,284,153 is listed as “Non-Program Specific.” There are separate entries for Football, Men’s Basketball, Women’s Basketball, and Other Sports, with football leading the way at $8,049,704. Sure are a lot of Cavaliers with deep pockets to donate this amount to the Virginia Athletics Foundation. Can’t wait to see Texas and Ohio State if available. Alicia, this is the BIG Business of College Sports!

    • Thanks for sharing. Looking at the report you sent, those were projected numbers for 2010-11. The data I published was obtained from what was reported from Georgia Tech to the Department of Education, so I believe it is accurate. I will be following up with schools, though.

      • It’s not a small difference. It’s nearly $10 Million and both in revenues and expenses. It’s hard to see expenses projection miss by $10 Million, even if revenues could have ended up under projection.

  2. Lets Make Up More Numbers Without Citing The Source

    Well now I’m looking forward to seeing Tech’s Annual Report.

  3. com showed you the most profitable Division I football and basketball programs.com will show you which athletic departments turned the highest net income in Division I. The data from the Department of Education is by no means perfect. Sure are a lot of Cavaliers with deep pockets to donate this amount to the Virginia Athletics Foundation. Notify me of new posts via email.Hope you like my post on بنات today.

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