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    Business of College Sports
    • Home
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        • 2014-15 CFP Payouts vs. 2013-14 BCS Payouts
        • 2014-15 CFP Payouts
        • 2015-16 CFP Payouts
      • College Football Playoff Payouts 2022-2023
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      2013-14 FBS Football Finances

      Last Updated on January 7, 2015

      In 2013-14, the average FBS program generated $25.5 million in revenue, spent $15 million and netted $10.5 million.

      The medians are lower at $20 million for revenue, $17.7 million for expenses and $2.6 million in net revenue.

      As you can see, however, the disparity between the highest earner and the lowest is enormous: $109.4 million to $3.3 million.

      You might notice there are quite a few programs breaking even. In speaking with the college athletics administrators who prepare these numbers for the Department of Education (DOE), they tell me the DOE discourages reporting of negative numbers. The DOE’s theory is that athletic departments aren’t actually overdrawing their bank accounts, so they shouldn’t report negative numbers. So, when a program – or the athletic department as a whole – is in the red, they apply subsidies (student fees, direct support from the institution or state government) to break even or report in the black. Those subsidies are reported as revenue in this context. The programs you see breaking even are almost assuredly using subsidies to break even.

      Another important note on DOE numbers is that they do not include non-operating revenue (for the athletic department as a whole, that might mean revenue from a golf course owned by the athletic department) or non-operating expense (such as debt service and capital expenditures).

      Institution NameTotal RevenueTotal ExpensesNet Revenue
      The University of Texas$109,400,688$27,675,403$81,725,285
      University of Michigan$81,475,191$23,061,374$58,413,817
      University of Georgia$77,594,300$26,325,257$51,269,043
      University of Florida$74,820,287$25,704,553$49,115,734
      Louisiana State University$74,275,838$25,822,306$48,453,532
      The University of Alabama$88,660,439$41,558,058$47,102,381
      University of Notre Dame$78,349,132$32,373,258$45,975,874
      University of Oklahoma$69,647,986$24,533,905$45,114,081
      Auburn University$75,092,576$36,306,282$38,786,294
      Ohio State University$61,131,726$22,984,985$38,146,741
      Texas A & M University$53,800,924$18,051,635$35,749,289
      University of Nebraska$55,866,615$21,359,309$34,507,306
      University of Iowa$55,648,679$21,497,369$34,151,310
      University of Oregon$53,982,076$21,038,456$32,943,620
      University of Washington$56,379,534$23,801,655$32,577,879
      University of Arkansas$61,492,925$29,861,957$31,630,968
      Pennsylvania State University$58,722,182$28,637,144$30,085,038
      The University of Tennessee$55,359,423$27,850,351$27,509,072
      Michigan State University$47,869,615$20,624,183$27,245,432
      University of South Carolina$49,266,878$24,975,716$24,291,162
      Clemson University$41,273,517$19,969,497$21,304,020
      University of Southern California$43,809,684$23,049,962$20,759,722
      Florida State University$43,085,121$23,427,950$19,657,171
      Texas Tech University$34,580,384$15,358,775$19,221,609
      Oklahoma State University$38,799,125$19,950,826$18,848,299
      University of Wisconsin$50,641,993$31,811,280$18,830,713
      Oregon State University$30,555,875$13,792,592$16,763,283
      University of Mississippi$41,136,644$25,210,875$15,925,769
      Arizona State University$39,210,883$23,509,311$15,701,572
      University of North Carolina$31,481,105$15,912,188$15,568,917
      University of California$35,656,834$20,149,375$15,507,459
      University of Minnesota$36,028,193$20,839,079$15,189,114
      University of California-Berkeley$37,660,430$23,071,010$14,589,420
      Kansas State University$30,976,071$16,421,248$14,554,823
      Iowa State University$29,475,730$14,984,494$14,491,236
      Washington State University$26,926,755$12,658,532$14,268,223
      Virginia Polytechnic Institute and State University$38,669,555$24,596,694$14,072,861
      North Carolina State University$31,841,355$18,486,858$13,354,497
      University of Utah$27,640,267$14,362,313$13,277,954
      University of Illinois$29,267,805$16,551,097$12,716,708
      University of Kentucky$30,526,981$18,301,396$12,225,585
      Georgia Institute of Technology$30,745,256$19,056,786$11,688,470
      University of Missouri$28,792,306$17,358,875$11,433,431
      University of Colorado$30,547,707$19,781,626$10,766,081
      Syracuse University$33,213,622$22,663,307$10,550,315
      Mississippi State University$25,824,156$15,279,072$10,545,084
      West Virginia University$26,190,883$15,977,317$10,213,566
      Indiana University$24,370,088$15,901,109$8,468,979
      Northwestern University$30,143,982$21,722,796$8,421,186
      University of Arizona$28,415,445$20,111,388$8,304,057
      Stanford University$24,839,939$16,694,502$8,145,437
      University of Kansas$20,949,893$14,330,947$6,618,946
      Boise State University$15,284,248$9,200,027$6,084,221
      Baylor University$26,270,277$20,299,526$5,970,751
      University of Miami$29,986,463$24,672,810$5,313,653
      University of Maryland$16,480,601$11,172,381$5,308,220
      Duke University$24,121,573$19,234,750$4,886,823
      University of Louisville$28,069,712$23,186,536$4,883,176
      University of South Florida$16,295,130$12,027,850$4,267,280
      Brigham Young University$18,639,413$14,428,930$4,210,483
      Boston College$22,939,275$19,703,856$3,235,419
      The University of Texas at El Paso$11,758,692$8,659,023$3,099,669
      Purdue University$20,215,316$17,656,933$2,558,383
      Troy University$6,678,290$4,327,007$2,351,283
      University of North Texas$8,243,195$6,545,108$1,698,087
      Vanderbilt University$22,628,642$21,279,144$1,349,498
      Texas Christian University$32,464,146$31,199,116$1,265,030
      Wake Forest University$15,143,335$14,054,107$1,089,228
      California State University$9,704,118$8,718,043$986,075
      Eastern Michigan University$6,289,724$5,448,838$840,886
      University of Wyoming$7,802,981$6,981,430$821,551
      Marshall University$7,760,381$7,083,399$676,982
      Florida Atlantic University$7,287,694$6,726,618$561,076
      Western Michigan University$7,482,419$7,112,777$369,642
      University of South Alabama$5,764,473$5,453,503$310,970
      University of Alabama at Birmingham$7,241,632$7,025,640$215,992
      University of Pittsburgh$19,140,812$18,929,148$211,664
      East Carolina University$10,083,420$9,915,950$167,470
      Louisiana Tech University$6,152,955$6,017,623$135,332
      Georgia Southern University$3,637,348$3,521,604$115,744
      University of Virginia$21,521,178$21,455,217$65,961
      Ohio University$7,913,757$7,891,541$22,216
      Central Michigan University$6,750,120$6,740,097$10,023
      San Jose State University$7,575,660$7,572,660$3,000
      Rutgers University$19,522,057$19,522,057$0
      University of Cincinnati$16,458,502$16,458,502$0
      Southern Methodist University$14,586,736$14,586,736$0
      Temple University$13,182,525$13,182,525$0
      University of Memphis$11,253,801$11,253,801$0
      Colorado State University$11,253,326$11,253,326$0
      University of Tulsa$10,992,018$10,992,018$0
      Rice University$10,729,593$10,729,593$0
      Tulane University of Louisiana$10,382,497$10,382,497$0
      University of Houston$8,513,411$8,513,411$0
      Florida International University$8,168,228$8,168,228$0
      Northern Illinois University$8,146,093$8,146,093$0
      Middle Tennessee State University$7,882,477$7,882,477$0
      University of New Mexico$7,808,217$7,808,217$0
      University of Toledo$7,758,549$7,758,549$0
      University of Nevada-Las Vegas$7,482,961$7,482,961$0
      University of Southern Mississippi$7,346,830$7,346,830$0
      University of Massachusetts$6,926,665$6,926,665$0
      University of Akron Main Campus$6,785,813$6,785,813$0
      University of Louisiana at Lafayette$6,780,170$6,780,170$0
      Utah State University$6,683,787$6,683,787$0
      New Mexico State University$6,569,816$6,569,816$0
      University at Buffalo$6,480,242$6,480,242$0
      University of Texas - San Antonio$6,244,125$6,244,125$0
      Georgia State University$6,177,811$6,177,811$0
      Bowling Green State University$6,171,184$6,171,184$0
      Old Dominion University$6,092,802$6,092,802$0
      Ball State University$5,926,855$5,926,855$0
      Arkansas State University$5,748,516$5,748,516$0
      Texas State University$5,633,155$5,633,155$0
      University of Idaho$5,607,850$5,607,850$0
      Kent State University$5,357,800$5,357,800$0
      Appalachian State University$4,214,171$4,214,171$0
      University of Louisiana-Monroe$3,277,727$3,277,727$0
      Miami University$6,922,038$6,922,039-$1
      Western Kentucky University$6,406,881$6,406,882-$1
      University of Nevada-Reno$6,026,259$6,279,506-$253,247
      University of Central Florida$14,712,259$15,076,308-$364,049
      San Diego State University$10,177,368$11,582,709-$1,405,341
      University of Connecticut$11,142,560$13,711,350-$2,568,790
      University of Hawaii$6,128,817$9,063,145-$2,934,328

      Source: Department of Education

      Note: Air Force, Army and Navy finances are not available. Programs that moved up to FBS in 2014 are included.

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      3 Comments
      • Tom
        December 24, 2014

        Does this include the TV and bowl money?

        Reply
      • buckeye
        January 5, 2015

        The revenue figures for all of them ( except maybe UGA ) are way too low as so many schools lump a large amount of their revenue ( that actually comes from FB and/or men’s hoops ) into a NOT ATTRIBUTABLE TO A SPECIFIC SPORT fudge category so it doesn’t appear that FB and men’s BB make as much as they DO in reality. I seriously doubt ANY of these schools lose $ on FB and the bottom on the list are manipulating the $ numbers worst of all. It is the non-revenue sports that EAT UP all the surplus that FB and BB provide. If a school loses $ on either they should just quit like UAB.

        Reply
        • Kei
          January 7, 2015

          What’s funny is that the numbers on UAB show that it operated in the black.

          Reply

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