Financial Overview

• The total operating revenue for 2022 stood at $154,566,935, with ticket sales contributing $35,110,289, being one of the largest individual revenue sources.
• Contributions were the highest revenue-generating category with a total of $32,718,373 reported.
• On the expense side, the total operating expenses amounted to $157,108,637, leading to a fiscal shortfall of $2,541,702 for the year.
• Athletic student aid was a significant expense at $18,412,355, highlighting the university's investment in athletes.

Revenue and Expense Highlights

• The financial report revealed that football was the highest revenue-generating sport, bringing in $99,073,575, while also being the most expensive with costs totaling $47,194,884.
• Men’s basketball followed as the second highest revenue-contributing sport with $19,193,970, and expenses at $14,659,954.
• On the other hand, women’s basketball reported revenues of $2,626,615 against expenses of $7,279,490, depicting a financial deficit for the sport.

Operational Costs

• Coaching salaries, including benefits and bonuses paid by the university, constituted a major portion of the expenses at $29,275,136.
• The support staff and administrative compensation, benefits, and bonuses paid by the university also represented a significant expense at $32,582,973.
• Team travel costs amounted to $9,110,081, showcasing the investment in ensuring teams' participation in various competitions.