A successful season in both basketball and football translated into a revenue increase for MSU athletics, yet the program slipped a spot in the Big Ten rankings compared to last year.
According to numbers released by USA Today, the total revenue for 2013 is $97,942,726 , a nearly $4 million increase from 2012's revenue of $93,946,707, the seventh highest revenue among Big Ten schools.
MSU had the sixth highest revenue among Big Ten schools in 2012, one place behind Minnesota.
Ticket sales increased by about $2.5 million and contributions and rights both increased by nearly $2 million.
Total expenses came to $93,743,529 in 2013, an increase of more than $5 million from 2012 and their largest sum of expenses in the nine years, USA Today reported.
Coaching and staff received nearly $30 million in expenses, over $2 million more from last year. M ore than $12 million was given out in scholarships and more than $18 million went to the buildings and grounds.
MSU was ranked 17 in the highest amount of expenses out of the 230 schools.
The revenue increase came with a subsidy, or financial support from the institution, of $1,772,415, or 1.81 percent. School funding decreased by nearly $3 million and is at the lowest it has been in the nine years reported by USA Today.
Support student media! Please consider donating to The State News and help fund the future of journalism.
