frs_report__5_.pdf

The Nugget

The University of Tennessee, Knoxville's athletics program generated a total operating revenue of $202,097,305 in FY 2023, with football being the primary revenue driver at $134,901,896. The total operating expenses were $191,032,519, leading to an excess of revenues over expenses of $11,064,786.

Key quotes

"Ticket sales account for $39,753,883 of the total revenue."
"Football alone generated $134,901,896 in total operating revenues."
"Coaching salaries, benefits, and bonuses paid by the University and Related Entities amount to $34,916,883."
"The total athletic student aid awarded was $20,420,059."

Primary Revenue Sources: Key revenue sources include ticket sales ($39,753,883), contributions ($62,275,182), media rights ($37,816,107), and NCAA distributions ($3,675,445).
Football's Financial Impact: Football stands out as the major revenue contributor, bringing in $134,901,896. This emphasizes the sport's pivotal role in finance and fan engagement within collegiate athletics.
Athletics Participation: There's a near balance in athletics participation between men (49%) and women (51%).

Investment in Athletics: Significant funds are allocated to coaching salaries, benefits, and bonuses ($34,916,883), athletic student aid ($20,420,059), and team travel ($13,705,718).
Revenue vs. Expenditure: The athletics program successfully managed its budget, with revenues exceeding expenses by $11,064,786. This surplus indicates financial health and potentially more resources for future athletics development.

Student Fees and Institutional Support: The athletics program received $1,000,000 from student fees, showcasing a level of university and student body investment in collegiate sports.
Scholarships Distribution: A significant portion of the budget is dedicated to student-athlete scholarships, amounting to $20,420,059, highlighting the institution’s commitment to supporting student-athletes' academic and athletic endeavors.

💰 The top moneymaker, football, drove over $134 million in revenue, spotlighting the sport's heavyweight status in collegiate athletics.
🎟️ Ticket sales contributed nearly $40 million to the revenue pool, underlining the importance of live games' attraction.
📘 Supporting education and sports together, over $20 million was dedicated to athletic student aid, emphasizing the dual focus on athletics and academics.
✂️ Surplus success: With an excess of over $11 million, the University of Tennessee, Knoxville's athletics program demonstrates a winning strategy in financial management.

This summary contains AI-generated information and may have important inaccuracies or omissions.