Ohio State athletics ranks No. 1 among 232 NCAA colleges and universities in revenue and expenses for the 2022 fiscal year.
for the 2022 fiscal year, Ohio State ranked No. 1 among a list of 232 colleges and universities in the United States with its school-record revenue of $251,615,345. The Buckeyes ranked ahead of Texas, Alabama, Michigan and Georgia in the category, with LSU, Texas A&M, Florida, Penn State and Oklahoma rounding out the top 10.
Ohio State also topped USA TODAY's list in total expenses at $225,733,418, with Texas, Alabama, Michigan and LSU as the top-five schools. Georgia, which ranked fifth in total revenue, ranked 10th in expenses at $169,026,503. Georgia's difference in revenue and expenses netted the Bulldogs over $34 million in profit for the 2022 fiscal year. Ohio State's athletic department had a profit of $25 million.on Jan.
As for expenses, Ohio State spent $24,564,657 in athletics student aid, $11,823,427 in payments made to visiting opponents, $42,240,992 in coaching compensation, $39,514,342 in support staff compensation, $3,384,022 in recruiting expenses, $10,545,312 in team travel expenses, $6,963,625 in-game expenses, $19,128,187 in athletic facilities debt, leases and fees and $28,900,288 in direct overhead and administrative costs.
Ohio State football led all programs with $109,176,080 in generated revenue. Men’s basketball was second at $23,640,053, while wrestling was the only other individual sport to create more than $1 million in revenue . $110,156,200 of the athletic department’s income was not tied to any specific team. The football program also had the highest operating expenses of any sport , followed by men’s basketball and women’s basketball . Football and men’s basketball were the only Ohio State sports to generate more revenue than their expenses during the 2022 fiscal year.
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