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Juggernaut: Ohio State athletics generated almost $280 million in 2023 fiscal year

Published

10 months ago

January 23, 2024

Juggernaut: Ohio State athletics generated almost 0 million in 2023 fiscal year

Ohio State’s athletic department had a record-breaking year in operating revenue in the 2023 fiscal year by generating almost $280 million.

The only athletic program ever to generate more was Oregon four years ago, but that was driven mostly by a $270 million contribution to renovate its track and field stadium.

Ohio State reported revenue of just over $279.5 million with expenses of more than $274.9 million. Ohio State’s revenue total edged out Texas A&M for the most nationally. Ohio State hired Texas A&M athletic director Ross Bjork last week to succeed the retiring Gene Smith. Michigan, Alabama and Georgia have not made their 2023 reports public.

More: Want a clue about Bill O’Brien running Ohio State’s offense? His Penn State QBs gave raves

A year ago, OSU reported revenue of $251. 6 million for fiscal year 2022 (July 1-June 30).

The new figures are from Ohio State’s annual financial report to the NCAA, which was obtained Tuesday through an open-records request by The Columbus Dispatch and USA TODAY Network in partnership with the Knight-Newhouse Data project at Syracuse University.

More: Ohio State adds 2024 5-star quarterback Julian Sayin through transfer portal from Alabama

Ohio State’s revenue increased $28 million from fiscal year 2022, an increase of about 11%. Most of that came from more football ticket sales and because Ohio State had eight home games in 2022 compared to seven in ’21. Next year’s figure is expected to be lower because OSU had only six home games last season.

Ohio State’s football program generated more than $127 million in fiscal 2023 with a surplus of $55 million. Men’s basketball had revenues over $24 million with a profit of almost $10 million. Those sports subsidized the rest of OSU’s 34 sports, which had costs exceeding revenues by almost $56 million.

Ohio State had a big increase in revenue from royalties, licensing, advertising and sponsorships, going from $30 million the previous year to almost $43 million.

Contributions, however, decreased more than $5 million to under $58 million.

On the expense side, Ohio State reported more than $41 million for athletically-related facilities annual debt service. In the prior fiscal year, that amount was $15.6 million. Ohio State has built several new venues in recent years, including the Covelli Center, the Ty Tucker Tennis Center, a new lacrosse stadium, and the Schumaker Complex that was added on to the Woody Hayes Athletic Center.

Get more Ohio State football news by listening to our podcasts.

USA Today sports projects editor and reporter Steve Berkowitz contributed to this story.

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Paul Finebaum names CFP National Champion favorite between Oregon, Ohio State

Published

5 hours ago

November 24, 2024

Press Room

Paul Finebaum names CFP National Champion favorite between Oregon, Ohio State

With just one week remaining in the regular season, there is only one team across all of college football that remains undefeated at this point: the Oregon Ducks.

So, it stands to reason that the undefeated Ducks should be the favorite to end the 2024 hoisting the College Football Playoff National Championship trophy, right?

Not according to SEC Network host and ESPN personality Paul Finebaum.

“I’m ‘Paul Out’ with block letters. I don’t even think Oregon is the best team in the Big Ten, let alone the favorite to win it all,” Finebaum said during Sunday morning’s ‘Paul-In, Paul-Out’ segment on ESPN’s SportsCenter. “And thanks Ducks fans waking up on the West coast, I’m aware that you beat Ohio State. But Ohio State, to me, looks like the best team in the country.

“I think they’ll have a fun game in a couple of weeks in the Big Ten championship game, and both are going to go to the Playoffs and be in very good shape. But Oregon, to me, looks a tad below Ohio State.”

As Finebaum reminded the college football world, this exact matchup has already been decided on the field once this season, with the Ducks eking out a 32-31 win in Eugene in mid-October. While it’s not official yet, all expectations are Oregon (11-0, 8-0 B10) and Ohio State (10-1, 7-1) will meet again in the Big Ten Championship game in Indianapolis.

But in the meantime, Finebaum is sticking by the preseason favorite Buckeyes.

Ryan Day wanted to ‘leave no doubt’ vs. Indiana

Ryan Day wanted to leave no doubt during Ohio State’s 38-15 win over Indiana Saturday in Columbus and it certainly worked out by the time the game came to its conclusion.

After trailing 7-0, Ohio State ripped off 31 straight points to erase any opportunity of the Hoosiers pulling off the biggest win in school history. The Buckeyes and Hoosiers came in No. 2 and 5 in the latest College Football Playoff rankings.

But with Day and Ohio State one step closer to the Big Ten Championship vs. Oregon, they can put this game to rest.

“Game got a flip there with the punt return (for a touchdown by Caleb Downs),” Day told FOX’s Jenny Taft postgame. “I thought, you know, we had a chance to really separate ourselves in the first half. We didn’t do that. I thought we played well in the second half. I thought we played physical all across the board, and our guys had a great look in their eye. And so now it’s onto the rivalry game.”

As far as scoring the final touchdown, despite a 31-15 lead with less than two minutes to go, Day and Ohio State wanted to leave their mark.

“Well, you say, leave no doubt,” Day said. “And you know, these guys want to finish the game the right way. TreVeyon (Henderson) did the right thing going down at the one-yard line. We ate up the clock. We didn’t want to put the defense back out there. You just never know in games like this, it’s a top five matchup. So we wanted to finish it the right way and make sure that everybody knows that this is the Ohio State Buckeyes.”

Nick Kosko contributed to this report.

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College football top 25 rankings for Week 14: Dreaming of a Ohio State-Notre Dame playoff matchup | Sporting News

Published

13 hours ago

November 24, 2024

Press Room

College football top 25 rankings for Week 14: Dreaming of a Ohio State-Notre Dame playoff matchup | Sporting News

Ohio State and Notre Dame looked the part of national championship contenders in Week 13.

The Buckeyes – who are No. 2 in this week’s Sporting News Top 25 – came one step closer to a Big Ten championship rematch against No. 1 Oregon. The Buckeyes beat Indiana 38-15, and the Hoosiers dropped to No. 8 as a result.

Now, Ohio State faces Michigan and can break a three-game losing streak in The Game on Nov. 30. To be honest, that’s not the game we want to see.

How about a rematch from last year’s 17-14 thriller against the Irish on Sept. 23, 2023. That was the one where the Buckeyes scored a late touchdown when the Irish had 10 players on the field, and Ohio State coach Ryan Day called out Lou Holtz afterward. How sweet would a rematch in the College Football Playoff be?

Notre Dame moves up to No. 5 after a 49-14 blowout against No. 19 Army at Yankee Stadium. The Irish set up a win-and-in matchup against rival USC, which seemed unthinkable after a 16-14 loss to Northern Illinois on Sept. 7.

A playoff matchup between the Buckeyes and Irish would not materialize until the quarterfinals or semifinals at this point, but we would take it whenever and wherever it happened. Ohio State has allowed 10.2 points per game since the Oct. 12 loss to the Ducks. The Irish have allowed 11.6 points per game in their last five games. Of the 10-1 teams in the top-10, Ohio State and Notre Dame are on the best trajectory heading into Rivalry Week.

Here is a closer look at The Sporting News top 25 rankings.

MORE: SEC title game scenarios | Big 12 | Big Ten | ACC

Sporting News Top 25 rankings for Week 14

Here is a closer look at our latest top 25 ranking heading into Week 14:

RANK	SCHOOL	RECORD	PVS.	WEEK 12 RESULT
1	Oregon	11-0	1	Bye
2	Ohio State	10-1	2	Beat Indiana 38-15
3	Texas	10-1	3	Beat Kentucky 31-14
4	Penn State	10-1	4	Beat Minnesota 26-25
5	Notre Dame	10-1	6	Beat Army 49-14
6	Miami, Fla.	10-1	10	Beat Wake Forest 42-14
7	Georgia	9-2	9	Beat UMass 59-21
8	Indiana	10-1	5	Lost to Ohio State 38-15
9	Tennessee	9-2	11	Beat UTEP 56-0
10	SMU	10-1	14	Beat Virginia 33-7
11	Boise State	10-1	12	Beat Wyoming 17-13
12	Arizona State	9-2	17	Beat BYU 28-23
13	Iowa State	9-2	20	Beat Utah 31-28
14	BYU	9-2	13	Lost to Arizona State
15	Clemson	9-2	18	Beat The Citadel 51-14
16	Alabama	8-3	7	Lost to Oklahoma 24-3
17	Ole Miss	8-3	8	Lost to Florida 24-17
18	South Carolina	8-3	21	Beat Wofford 56-12
19	Texas A&M	8-3	15	Lost to Auburn 43-41
20	Tulane	9-2	22	Bye
21	Kansas State	8-3	23	Beat Cincinnati 41-15
22	Illinois	8-3	24	Beat Rutgers 38-31
23	Army	9-1	19	Los to Notre Dame 49-14
24	Colorado	8-3	16	Lost to Kansas 37-21
25	Missouri	8-3	NR	Beat Mississippi State 39-20

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Photos from Ohio State’s 38-15 Win over Indiana

Published

22 hours ago

November 23, 2024

Press Room

Photos from Ohio State’s 38-15 Win over Indiana

Ohio State has earned its second top-five win of the season.

The Buckeyes dominated Indiana on Saturday, taking down the Hoosiers 38-15 at Ohio Stadium.

Will Howard completed 22 of 26 passes for 201 yards with two touchdowns and an interception, while Caleb Downs made the play of the day and returned a punt 79 yards for a touchdown.

Cody Simon had a terrific day defensively, finishing with 2.5 sacks on the afternoon.

Ohio State is back in action for its regular-season finale with a battle against Michigan next week in Columbus. But in the meantime, you can view our photo gallery from the day that has more than 100 photos of the action at the top of the page.

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