TLDR:
Ohio State spent $37 million more than they made last year. Attributed partially to the basketball coach buyout and only 6 home games.
https://www.on3.com/college/ohio-state-buckeyes/news/ohio-state-athletics-operated-at-37-million-deficit-last-year/
Our athletic department seems fiscally conservative by this measure. It's my understanding that we didn't go into debt to pay Jimbo.
Will be interesting to see if Ohio state is able to take in a huge profit next year coming of a natty. If they don't, and SEC programs operate with more fiscal discipline, it could be difficult for the Big 10 to sustain the success they had this year. Wonder if this is an outlier or if a bunch of programs ran deficits this year. Should be interesting to watch as other school financials start to make their way into public view.
Ohio State spent $37 million more than they made last year. Attributed partially to the basketball coach buyout and only 6 home games.
https://www.on3.com/college/ohio-state-buckeyes/news/ohio-state-athletics-operated-at-37-million-deficit-last-year/
Our athletic department seems fiscally conservative by this measure. It's my understanding that we didn't go into debt to pay Jimbo.
Will be interesting to see if Ohio state is able to take in a huge profit next year coming of a natty. If they don't, and SEC programs operate with more fiscal discipline, it could be difficult for the Big 10 to sustain the success they had this year. Wonder if this is an outlier or if a bunch of programs ran deficits this year. Should be interesting to watch as other school financials start to make their way into public view.