COLUMBUS, Ohio — Ohio State athletics both made the most money and spent the most money of any university athletic department in 2022 according to USA Today.
OSU brought in a total of about $251.6 million in revenue, while also spending about $225.7 million. Texas was second in both areas as it brought in almost $239.3 million and spent about $225.15 million. They are the only two schools to have expenses exceeding $200 million in the country.
Alabama (about $214.4 million), Michigan (about $210.7 million) and Georgia (about $203 million) rounded out the top five as the only schools that had a revenue exceeding $200 million.
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In terms of its revenue, OSU made about $104.2 million in rights and licensing, the most it has made in this area since USA Today kept track of this information in 2005. It also received a program record amount in contributions, which can come directly from individuals or organizations for the operation of a school’s athletic department, with a total of almost $63.6 million, which is much higher than previous best number set back in 2020 (nearly $49.2 million).
As far as expenses are concerned, Ohio State spent the most it has on coaching and staff according to the database at almost $83.5 million. The scholarship money spent was also a program high at almost $24.6 million.
About $69.6 million was spent on other expenses, which according to USA Today includes things such as recruiting, guarantees paid to other schools, severance payments to past coaches or staff members and team travel.
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