Ohio State Buckeyes: Athletic department reports big profits ahead of projected financial swoon
Feb. 4—Ohio State's most recent financial disclosure to the
That will come next year.
For the 2019-20 fiscal year (
Revenue increased 11.1 percent over the previous year despite declines in bowl revenue, payouts from the
Making up for those dips was a big increase in contributions and revenue from ticket sales as well as royalties and licensing. The department also saw a slight increase in money from conference media rights, concessions, endowments and investments.
"I feel for our student-athletes whose experiences have been hampered since the spring," Ohio State Athletics director
The university previously projected a revenue reduction of
Here is a closer look at some of the 2019-20 numbers just released:
1. Spending was down
An overall reduction of 2.4 percent was partly a result of budget cuts made at the end of the year with the pandemic in mind.
The cancelation of many winter sports tournaments cut income but also travel expenses.
Likewise, the spring sports season largely being wiped out eliminated expenses such as putting on games and travel.
A freeze in off-campus recruiting also is reflected in a 29-percent drop in recruiting spending to
In September, the school reported having already saved
2.
Coaching salaries went down 7.6 percent to
The "other" category of expenses went up 879 percent to
3. The revenue increase was attributed mostly to donations, ticket sales and royalties, licensing and sponsorships.
Ticket revenue jumped
The school took in
4. Football accounted for most of the increase in ticket revenue.
While the department raised the price for most football season tickets about 2 percent, ticket revenue was also boosted by a total increase in fans of more than 10,000 for the season.
Wrestling, track and field, women's basketball, gymnastics and women's volleyball all reported increases in ticket revenue while men's basketball was down slightly and men's ice hockey revenue dropped more than six percent.
The coronavirus pandemic wiping out most of the spring season also meant a 97 percent decrease in baseball ticket revenue (from
5.
In its first full season under head coach
A chunk of that savings came via bowl expenses. After spending more than
The
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