• Loading stock data...
Saturday, January 10, 2026

James Madison, the FCS Team That Spent Like an FBS Team To Become One

  • The Dukes have been spending like a Group of 5 program since 2010, long before they made their jump from the FCS, athletic director Jeff Bourne told FOS.
  • They’ll play their first bowl game in history despite NCAA rules prohibiting postseason eligibility after an FBS transition.
JMU football has been spending like a Group of 5 team for years. Now it will play its first bowl game.
Hannah Pajewski-USA TODAY Sports

In only its second year in the FBS, James Madison is headed to its first bowl game. On Dec. 23, it will face off against Air Force in the Armed Forces Bowl.

For over a decade, the Dukes have modeled their athletic department budget and resources after the Group of 5, rather than fellow FCS programs.

In other words, the Dukes have been dressing for the job they wanted, not the job they had. 

“We wanted to make it [into the FBS] as a successful program — not one that was trying to be successful,” athletic director Jeff Bourne told Front Office Sports last week.

JMU, a perennial FCS football champion, really began its transition in 2010, Bourne said, and  has long resembled a Sun Belt team from staffing to facilities.

Since at least 2017, the program has spent a minimum of $10 million on its football program (with the exception of the COVID 2021 year), according to Knight-Newhouse data. In 2022, the program spent $11 million on football.

The budget was on par with the Group of 5: Between 2017-22, teams spent a median of $10 million-$12 million. The FCS median in this time period never rose above $4.4 million.

In 2022, the Dukes’ entire athletic department ($58 million) budget was larger than that of every other Sun Belt program.

It’s not just the numbers — the program knew exactly where to put those dollars to create the glitz of an FBS team.

In 2011, JMU spent $62 million to expand its football stadium capacity to 27,000 seats — a number that could be doubled based on the stadium’s blueprint. The Dukes also invested in practice facility upgrades for every sport, as well as a new basketball arena, which opened in 2020.

“We designed our football stadium from the beginning to be a 40,000-seat stadium,” Bourne said. “We weren’t going to need that at the FCS level.”

The Dukes’ unprecedented run in the 2022 season — their first in the Sun Belt — saw them finish an FBS schedule at 8-3 (most transitioning teams play an FCS schedule in their first year). But NCAA rules prohibit postseason eligibility in the first two years after a transition to the FBS. The Dukes appealed, to no avail.

After going 11-1 this year, the Dukes appealed again unsuccessfully. They pled their case on ESPN’s “College Gameday,” threatened legal action, and even got local government representatives to advocate on their behalf.

In the end, the Dukes got their wish on a technicality: Not enough teams met the criteria for participating in a bowl game.

“It’s a wonderful thing to see young people rewarded for what they’ve done,” said Bourne, who will retire at the end of this year.

The team’s success could bring obstacles in the future, however. When a Group of 5 program makes an impressive run, richer schools often try to poach talent.

As Bourne rides off into the sunset, he’s confident that he’s set the Dukes up for many years of success. But he acknowledged that “we do not have the resources to compete with the monies that [Power 5 schools are] able to garner as part of their syndication packages.” 

The day after FOS’ interview, longtime JMU coach Curt Cingetti, who made between $600,000-$700,000 coaching the Dukes, announced he would depart for Indiana. While his contract details have not been revealed, previous IU coach Tom Allen raked in almost $5 million. 

(Quarterback Jordan McCloud also announced his intention to enter the transfer portal.)

But Bourne specified he saw the Dukes as a perennial top contender in the Sun Belt — and, in the future 12-team College Football Playoff, a contender for slot afforded to the Group of 5. 

And if the recent upward trajectory of donations is any indication (going from $2.91 million in 2021 to $6.4 million in 2023), donors will pool their resources to keep the program strong.

“JMU’s in a position to compete at the very top of the sun belt conference,” Bourne said. “We will remain steadfast in our planning, in our compensation packages to remain right at the very top of the Sun Belt.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Matt Ryan’s Jump to Falcons Leaves CBS With Open Seat: What’s Next?

Matt Ryan leaves CBS as Atlanta lures him into a front office role.

Billionaire-Backed Hoosiers Heading to First CFP Championship

The championship game is the culmination of a remarkable two-year run.
exclusive

WNBA Telling Teams They Can Send Free Agent Offers Amid CBA Uncertainty

“Without a real salary cap, no one is going to sign anything.”
Oregon Ducks quarterback Bo Nix greets Phil Knight after defeating the Liberty Flames to win the Fiesta Bowl at State Farm Stadium in Glendale on Jan. 1, 2024.

Oregon-Indiana Is a Battle of Billionaire-Backed Rosters

Both schools have their richest alumni funding NIL.

Featured Today

NHL Ditched Its Dress Code. Hockey’s Fashion Era Arrived Quickly

With no dress code, impeccably dressed players are seeing big-money deals.
January 6, 2026

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

The state of Florida has become a traditional—and highly lucrative—market.
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.

Miami Earns $20M With CFP National Championship Trip

No other power conference allows schools to keep all CFP prize money.
January 8, 2026

Ole Miss Survived Kiffin Coaching Chaos to Make CFP Semifinal

Multiple coaches have gone back and forth between Ole Miss and LSU.
January 8, 2026

Demond Williams Walks Back Transfer Talk, to Stay at Washington

Washington threatened legal action to force him to honor his rev-share contract.
Sponsored

ESPN Edge Innovation Conference 2025: Inside the Technology Shaping the Future of..

At ESPN Edge Innovation Conference 2025, ESPN showcased how AI, immersive tech, and a rebuilt direct-to-consumer platform are redefining the future of sports media.
Oregon Ducks head coach Dan Lanning and Indiana Hoosiers head coach Curt Cignetti shake hands with Gary Stokan on Thursday, Jan. 8, 2026, during a coaches' press conference ahead of the College Football Playoff Peach Bowl game at the College Football Hall of Fame in Atlanta.
January 8, 2026

Peach Bowl CEO: ‘We’ve Lost the Mission’ of College Sports

The Peach Bowl CEO is wary of private equity’s entry into college sports.
Dec 13, 2025; Inglewood, CA, USA; Washington Huskies quarterback Demond Williams Jr. (2) is forced out of bounds by Boise State Broncos defensive back Jeremiah Earby (6) after a catching a pass in the second half of the LA Bowl at SoFi Stadium.
January 7, 2026

Washington Considers Suing Former QB Demond Williams

Washington wants to hold Williams accountable for certain buyout provisions.
January 7, 2026

CFP Coaches Thriving—and Cashing In—As Nick Saban Disciples

Head coaches of the four remaining CFP teams had stints under Nick Saban.
Dec 31, 2025; Arlington, TX, USA; Miami Hurricanes offensive lineman Jaden Wilkerson (71) walks off the field after the 2025 Cotton Bowl and quarterfinal game of the College Football Playoff at AT&T Stadium.
January 7, 2026

ACC Only Power Conference Giving CFP Teams 100% of Payout

Big Ten, Big 12 share distributions equally; SEC has a hybrid model.