How much does Ohio State make on a home football game?
Last season, Ohio State's football program generated about $57 million in revenue. The sum included a $4.75 million payment from the NCAA for advancing to the national championship game and $31.65 million in ticket sales from home games at Ohio State's 105,000-seat stadium.
How much money does the Ohio State football program make?
Revenue from football totaled $42 million, down from $115.5 million during the 2020 fiscal year. The absence of fans for men's basketball games at Value City Arena was further significant, wiping away more millions. Over the 2019-20 season, OSU had generated $6 million in ticket sales.
How much is Ohio State football worth?
College Football Value RankingsRankSchool2017 value ($)1Texas1,243,124,0002Ohio State1,510,482,0003Alabama930,001,0004Michigan892,951,0006 more rows
How much money does OSU have?
In 2019-20, Ohio State showed $233,871,740 in total operating revenues and it reported $210,548,239 in total operating expenses.
How much money does Ohio State make from sports?
According to the report, the athletic department brought in $106,896,918 during Fiscal Year 2021, which ran from July 1, 2020, through June 30, 2021. That's down from a record $233,871,740 the year prior.
How much does the Ohio State football coach make?
Ryan Day will receive a two-year contract extension that will position him as head coach of the Buckeyes at least through the 2028 football season. In addition, Day's total compensation will increase from $7.6 million annually to $9.5 million annually with a base salary of $2.0 million per year.
Who is the richest college football program?
Here's a look at college football's most valuable programs entering the 2022 season....Ranking college football's most valuable programsClemson Tigers. ... Ole Miss Rebels. ... Wisconsin Badgers. ... Michigan State Spartans. ... Iowa Hawkeyes. ... Nebraska Huskers. ... Washington Huskies. ... USC Trojans.More items...•
What is the most expensive college football team?
Florida State University The most expensive program in football, all those big dollars have bought the Noles a record of only 4-2 this year. They're heading into the second half of the season square in the middle of the ACC Atlantic pack. Should You Refinance Now With the Low Mortgage Rates?
What football program makes the most money?
Texas Tied for Richest College Football ProgramTexas (Tie) – $147.Texas A&M (Tie) – $147M.Michigan – $139M.Alabama – $134M.Ohio State – $132M.Oklahoma – $129M.Georgia – $125M.Notre Dame $120M.More items...•
Is OSU for profit?
It was founded in 1985 as a non-profit, tax exempt organization that advances the mission of Ohio State by pursuing and securing private support to benefit Ohio State students, faculty, programs, and/or facilities. The Ohio State University enjoys a robust history of private support from its alumni and friends.
How is OSU making money?
osu! is not a money making machine. Many aspects of the game have only gotten this far because of contributions from its players including development, mapping, featured artists, and so much more. It's a game for the community, by the community. And that's what makes it awesome.
How much money does Ohio make a year?
Ohio's current, two-year operating budget totaled $64.2 billion in fiscal year (FY) 2018 and is estimated to total $67.9 billion in FY 2019 ($132.1 billion in for both years). The “all-funds” budget is made up of four primary funds (Figure 1). The General Revenue Fund (GRF ) makes up 41 percent of the state budget.
How much money did Ohio State lose?
Ohio State athletic department lost money despite $210 million in revenue. Ohio State’s athletic department reported an operating deficit of $10 million last year, the first time in a decade that the department ended the fiscal year in the red. But university administrators contend that the size of the budget deficit is significantly smaller — ...
How much surplus is Ohio State?
Ohio State first encountered the current external-audit requirements in the 2018 fiscal year, when the school showed its $1.75 million surplus on its NCAA form. Joe Odoguardi, the athletic department’s chief financial officer, said the school's internal report showed at least a $3 million surplus that year.
How much did the Buckeyes spend on the Rose Bowl?
Bowl game expenses also increased by $2.8 million after the Buckeyes reached the Rose Bowl, requiring more expensive travel to southern California than what it cost to play in the Cotton Bowl in suburban Dallas the previous season. There also was a $2.8 million increase for the support staffs for teams.
Is the athletic department in fiscal restraint?
But he added that the athletic department would need to practice fiscal restraint in coming years due to rising costs that are part of the landscape in college sports.