Husker Athletics Revenue, Profit Up

[Mavric]

Quote

Nebraska’s athletic department posted a $6.6 million operating profit -- once again with no outside subsidies or student fees -- in its 2018 fiscal year that ended July 1, according to the department’s annual financial report filed with the NCAA.

 

According to the report, the 10 men and 14 women’s teams generated total revenue of $142.223 million in 2017-2018. Thanks to Big Ten revenue sharing, and marketing and licensing deals, that’s a sharp increase from the 2016-2017 fiscal year when the department reported $120.205 million in revenue.

 

On the expense side, the athletic department spent $135.627 million in its latest fiscal year, up from $112.571 million spent in fiscal year 2017.

 

Of the $6.6 million surplus, $5.4 million was transferred to the university’s administration to support academics. As recently as 2014, that contribution amounted to about $3 million and is now expected to exceed $10 million in the current fiscal year.

 

In addition, $800,000 was used to support other athletic department programs launched over the past year, and $400,000 was stored in the department’s rainy day fund, the report said.

 

 

...

 

The Big Ten Conference’s revenue sharing distribution generated the most revenue for the athletic department in fiscal year 2018, bringing in $47.938 million. Ticket sales were next, generating $37.196 million, which was largely unchanged from the previous year.

 

Sponsorships, royalties and licensing agreements, such as with Adidas, generated $25.806 million in the most recently completed fiscal year, the report said.

 

HOL

[Landlord]

Makes sense why they desperately needed to raise ticket prices.

[4skers89]

I thought they would need to put more into the rainy day fund.  Domes aren't cheap.