• Loading stock data...
Tuesday, January 6, 2026

FCS Teams Lose Money With Spring Football

  • This week, FCS teams will finally commence an unorthodox pandemic season that extends until May.
  • Unlike FBS schools who needed revenue from the fall football season, most FCS programs will likely lose money from playing.
Tim Heitman-USA TODAY Sports

Following postponement of the regular season last fall, FCS football teams spent the last semester practicing and training for an unorthodox spring schedule.

This week, they will finally commence a season that extends until May.

Unlike FBS schools who needed revenue from the fall football season, most FCS programs will likely lose money from playing this season.

FCS vs. FBS Finances

FBS and FCS schools divide their budgets in similar ways. But they differ in the revenues they receive, according to the Knight Commission’s College Athletics Financial Information database: Most FCS schools make the lion’s share of revenue from institutional support and student fees. In 2018, for example, these two streams comprised 69% of total FCS revenue.

Ticket sales, donor contributions, NCAA distributions, and sponsorships made up just 22% of all FCS revenue. FBS schools earned 75% of total revenue from those avenues.

FCS programs also make revenue from competition guarantees, when FBS programs pay to play them to bolster their records for bowl season. About 5% of all revenues came from competition guarantees in 2018.

Only a few FCS programs generate revenue at rates that rival some of the smaller FBS teams. 

FCS powerhouse North Dakota State — the alma mater of multiple NFL players including Carson Wentz — generated 61% of its 2018 revenue from ticket sales, sponsorships, donations, competition guarantees, and NCAA distributions, and just 31% from institutional support and student fees.

Impact of Pandemic Football

FBS programs recouped millions in media rights revenue by plodding on with the normal football schedule. 

But FCS programs may not earn even the modest revenue from ticket sales, competition guarantees, and donations that they normally receive, Defiance College assistant sports management professor, Dr. Scott Hirko, told FOS. 

In addition, the cost of testing or extra safety precautions could provide an added burden on the smaller programs.

So why will they play a belated season at all? They have to pay their normal expenses, like coaching salaries or facilities fees, whether they play or not, Hirko said.

“Maybe they can just swallow their pride for a year.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Dec 8, 2025; Inglewood, California, USA; ESPN sideline reporter Laura Rutledge (left) interviews Los Angeles Chargers quarterback Justin Herbert (10) after the game against the Philadelphia Eagles at SoFi Stadium.

Laura Rutledge Opens Up on Justin Herbert and Viral Sugar Bowl Sprint

“I did not know that anybody was going to be filming that.”

From CFP to Non-Playoff Bowls, U.S. Audiences Want Even More CFB

Bowl games across the sport are showing audience increases.
Nov 1, 2025; Salt Lake City, Utah, USA; Cincinnati Bearcats quarterback Brendan Sorsby (2) warms up before the game against the Utah Utes at Rice-Eccles Stadium.

Million-Dollar QBs Dominate College Football’s Transfer Portal Window

A single transfer portal window is running Jan. 2–16.
Charlie Weis Jr

Charlie Weis Jr. Could Leave LSU for NFL With No Buyout

Weis won’t owe LSU a buyout if he lands certain NFL roles.

Featured Today

Hockey In Florida Was Once a Risk. Now It’s Thriving

Hockey in Florida was once seen as a risk. Now, it’s thriving.
Dec 30, 2025; Los Angeles, California, USA; Los Angeles Lakers guard Luka Doncic (77) reacts after scoring a basket against the Detroit Pistons during the second half at Crypto.com Arena
January 4, 2026

Why Pro Sports Team Valuations Will Keep Climbing in 2026

Asset scarcity and increasing media-rights deals underpin soaring valuations.
Imagn Images/Front Office Sports
January 2, 2026

FOS Crystal Ball: Predictions for the Business of Sports in 2026

Here’s what FOS journalists think could be on the horizon.
Heated Rivalry (L to R) - Connor Storrie as Ilya Rozanov and Hudson Williams as Shane Hollander in Episode 104 of Heated Rivalry. Cr. Sabrina Lantos © 2025
December 24, 2025

Hockey Needed Some Virality. Then Came ‘Heated Rivalry’

No one was prepared for the Canadian show’s smash success.

As Ole Miss Advances in CFP, Kiffin Collects Bonuses—and Its Staff

Several assistant coaches are now expected to stay with LSU.
Dec 13, 2025; Inglewood, CA, USA; Boise State Broncos punter Oscar Doyle (37), long snapper Mason Hutton (42) and place kicker Canaan Moore (48) on the bench prior to the LA Bowl Game against the Washington Huskies at SoFi Stadium.
January 2, 2026

The Pac-12 Comes Back in 2026

The league was decimated in 2023 during a vicious round of realignment.
Jan 1, 2026; Pasadena, CA, USA; Indiana Hoosiers head coach Curt Cignetti looks on before the 2026 Rose Bowl and quarterfinal game of the College Football Playoff against the Alabama Crimson Tide at Rose Bowl Stadium. Mandatory Credit:
January 2, 2026

Cignetti Triggers ‘Good Faith Market Review’ With Rose Bowl Win

The blowout of Alabama will likely mean a $1 million raise.
Sponsored

The CFP Bowl Game Tickets Everyone Wants

The second 12-team College Football Playoff is in full swing and tickets to these games are selling at a premium.
Jan 1, 2026; Miami Gardens, FL, USA; Oregon Ducks head coach Dan Lanning and players on the podium to receive the champions trophy following the 2025 Orange Bowl and quarterfinal game of the College Football Playoff against the Texas Tech Red Raiders at Hard Rock Stadium.
January 2, 2026

Big Ten Widens CFP Gap in Expanded 12-Team Era

The conference has had four semifinals the past two seasons.
January 1, 2026

Lane Kiffin Earns $500K Bonus From Ole Miss Win Over Georgia

LSU is paying Kiffin’s full bonus structure from his Ole Miss contract.
January 1, 2026

Football Transfer Portal Chaos Continues Despite New Rules

The NCAA eliminated the spring portal window, leaving just one in January.
January 1, 2026

The Pac-12 Shrank to Pac-2. In 2026, It Returns With 9 Members

The league was decimated in 2023 during a vicious round of realignment.