Dji entering the portal

[SpiderTrap]

FCS schools are required to sponsor at least 14 sports, while FBS schools are required to sponsor at least 16.

Of course, with another antitrust lawsuit or a blown-up NCAA that too could go away, but that's the rule for now.

Just another avenue or reason for these schools to break off from the NCAA. Why are you forcing us to sponsor so many sports when we can't financially do so? Let us sponsor what we feel is appropriate given our financial position at our University - that will be the argument put forth by some lawyer.

 

[MrTbone]

OSU athletics had a deficit of 38 million last year

I’d be shocked. They make millions off their licensing fees alone.

 

[urfan1]

I’d be shocked. They make millions off their licensing fees alone.

How much do they get from TV rights?

 

[MrTbone]

How much do they get from TV rights?

They’re definitely not counting it in nickels.

 

[GKiller]

I’d be shocked. They make millions off their licensing fees alone.

They make plenty of money. But also have plenty of expenses. Even mention licensing fees here…

Ohio State athletics reports 2024 operating expenses of $292.3 million and deficit of $37.7 million

Ohio State reported an operating deficit of $37.7 million with expenses totaling $292.3 million during the 2024 fiscal year.

www.usatoday.com

 

[spiderman]

what's funny is the expense for all the scholarships in all of their athletics (they have 36 teams) was $23.8M.
meanwhile, "in the 2024 fiscal year, Ohio State's athletics department spent $54.3 million on coaching salaries, benefits, and bonuses."
that includes $9.2M in severance payments to fired coaches.

athletic facilies debt is a big part of their expenses at $45.3M.

 

[97spiderfan]

The terms non-profits use is "excess revenue" - as long as they take that "excess revenue" and re-invest back into the school/university - they are fine. They just are not allowed to make a profit and hold onto it. So many times this is why some P5 programs are constantly spending on locker rooms ,uniforms, upgraded travel, etc - they have to make sure to spend all this money - IF they are lucky enough to make a profit, sorry "excess revenue".

Non profit is a tax designation status. Non-profit do not pay most federal taxes because they are doing something that is defined as charitable. Non-profits can make a profit though.

 

[urmite]

Non profit is a tax designation status. Non-profit do not pay most federal taxes because they are doing something that is defined as charitable. Non-profits can make a profit though.

I would say, they can make a profit but can not take a profit…

 

[spiderman]

imo, they don't need tax exempt status. if they're not making a profit, there's no tax anyway.

 

[UR79&Peanuts]

😂😂😂