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Sunday, June 16, 2024

Led By Ohio State, 49 Power 5 Schools Earn $100M+ In 2022

  • A whopping 49 public schools in D-I reported at least $100 million in the 2022 fiscal year.
  • The data was compiled by USA Today and The Knight-Newhouse Data project at Syracuse.
Dec 31, 2022; Atlanta, Georgia, USA; Ohio State Buckeyes wide receiver Marvin Harrison Jr. (18) reacts after scoring a touchdown against the Georgia Bulldogs during the second quarter of the 2022 Peach Bowl at Mercedes-Benz Stadium.
Dale Zanine-USA TODAY Sports

For all the fear-mongering and scare tactics, the radical changes to college sports do not appear to have impacted the riches enjoyed by Power 5 athletic departments.

Led by Ohio State ($252 million), a whopping 49 public schools in D-I reported at least $100 million in the 2022 fiscal year, according to data compiled by USA Today and The Knight-Newhouse Data project at Syracuse. Every single one of these schools hails from a Power 5 conference.

  • In addition to Ohio State, Texas, Georgia, Michigan, and Alabama also reported earnings above $200 million. 
  • In all, nine of the top 20 schools come from the SEC — 22 if you include incoming members Texas and Oklahoma.
  • The first non-Power 5 program on the list is UConn — though $55 million of this revenue came from external allocations, like student fees and government assistance.

Of this group, a few schools reported more expenses than revenue: Rutgers, Arizona, Arizona State, Virginia Tech, Washington, Tennessee, Ole Miss, and South Carolina.

However, comparing revenue directly to expenses can be deceiving, as some athletic department “revenue” comes from subsidies — as is the case with UConn. 

But if there was any overall doubt that the Power 5 had rebounded from COVID-19-related financial losses, this data proves the pandemic budget cuts are long in the past. 

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