The wealthiest college athletic program in America continues to be… wait, what?
Texas A&M emerged as the No. 1 cash cow in revenue for the second straight year in USA Today’s annual collection of revenues and expenses among all major colleges and universities.
The Aggies reported a staggering sum of about $194.4 million for the 2015-16 athletic year. That’s actually an increase of almost $1.8 million from the previous year when A&M also took the top spot.
27 NCAA D-1 public schools had $100M+ in athletics operating expenses in '15-16.
There were 10 in 11-12, 4 in 07-08: https://t.co/YwltWliBb5
— Steve Berkowitz (@ByBerkowitz) July 6, 2017
Poor ol’ Texas, hat in hand, came in second with a paltry $188 million in revenue, a total first reported by the American-Statesman in January.
So what gives? Have the Aggies suddenly become flush with all that SEC cash thanks to the “100-year decision?” Well, yes and no.
The thrust of A&M’s revenue total was an influx of money raised for Kyle Field improvements, a construction project triggered by the move to the SEC. USA Today reporter George Schroeder noted that A&M’s revenue total could drop by $40 million or more next year without a major capital campaign.
That would put Texas back in the driver’s seat, financially speaking, both state and nationwide.
The Longhorns reported $171.4 million in expenses on its annual report to the U.S. Dept. of Education. However, the athletic department transferred an additional $10.1 million to the academic side, bringing the total expense number to almost $181.5 million.
Ohio State was second nationally in expenses ($166.8 million) and Michigan was third ($157.9 million).
Contact Brian Davis at 512-445-3957. Email firstname.lastname@example.org.
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