Texas athletics program had over $219 million in revenue in 2018 | Free Press from USA

Texas athletics program had over $219 million in revenue in 2018

Texas athletics program had over $219 million in revenue in 2018

The University of Texas athletics department financial machine just keeps pushing ahead.

The Longhorns program had more than $219 million in annual operating revenue and total operating expenses of just over $206.5 million during its 2018 fiscal year, according to its new annual financial report to the NCAA.

Texas provided the document to USA TODAY Sports on Tuesday evening, in response to an open-records request.

This is the second consecutive year in which Texas has had more than $200 million in both operating revenues and expenses in the same year. Texas was at nearly $215 million in revenue and $207 million in expenses in 2017.

While Texas’ spending dropped by about $500,000 in 2018, the new expense total is still over $31 million more than any other Division I public school spent on its sports program during any of the 13 years for which USA TODAY Sports has compiled these data.  Michigan reported spending $175.4 million in 2017. Texas fields 20 teams, Michigan 29.

In addition to its operating expenses, Texas’ athletics program reported making a separate $10.8 million transfer to the university. That type of transfer, beyond operating expenses, occurs annually at Texas. Over the past five years, the athletics department has sent roughly $50 million to the university in this manner.

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Texas A&M also reported more than $200 million in revenue in 2017, but that amount was boosted by almost $93 million in contributions received and spent by the department during that year, as the school continued a facilities-spending boom related primarily to football, softball and track and field. Texas A&M has not yet made its new report available.

Texas reported just under $50 million in contributions for 2018, a nearly $7.3 million increase over the amount it reported in 2017.

As always, the university attributed massive revenue to the Longhorns football program: $144.5 million, with more than $32 million attributed to each of three categories: ticket sales, contributions and a category that combines royalties, licensing, advertising and sponsorships.

Texas’ football revenue alone was more than the total athletics operating revenue reported for fiscal 2017 by all but 12 NCAA Division I public schools.

Texas’ new revenue total again is the largest single-year amount for a Division I public school other than the $241 million (not adjusting for inflation) that Oklahoma State reported for 2006. Oklahoma State reported $211 million in donations for that year. About $165 million came from Boone Pickens, largely for facility upgrades. 

 

 

 

 

 

 

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