Report: Ohio State Spent $293M on Athletics in 2024; $28.5M on CFB Coaches amid Title
Having success in college athletics means a willingness to spend money. Ohio State's athletic department was no exception last year. Per Sportico's
Ohio State athletics department reports nearly $38 million deficit in fiscal year 2024
After an incredible season for the university's football program, the athletic department reported a deficit of nearly $38 million for the 2024 fiscal year.
Ohio State athletics reports 2024 operating expenses of $292.3 million and deficit of $37.7 million
Ohio State reported an operating deficit of $37.7 million with expenses totaling $292.3 million during the 2024 fiscal year.
Ohio State's Athletics Department saw a $37.7M deficit last year
Ohio State University 's Athletics Department recorded a $37.7 million deficit last year – its first year in the red since the pandemic. Still, the department said in a press release that its "past earnings, reserve funds and anticipated future earnings are projected to cover the ... shortfall."
Why Ohio State athletics revenue was down in the 2024 fiscal year and expenses were up
In the last fiscal year, Ohio State’s athletics department made nearly $25 million less in revenue than in the 2023 fiscal year. And there is a simple explanation. The university said the athletics department made just over $254 million in the 2024 fiscal year (July 1,
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