Fiscal 2024. IDK if this is an anomaly or a preview of the dangers of nil or revenue sharing.
Lower ticket sales contributed to the decline in revenues as the Buckeyes played only six football games at Ohio Stadium in fall 2023, their fewest home games since 2004.
The revenue from football tickets was $47.9 million, a drop-off of $16.5 million from when they had eight home games in 2022. They returned to a slate of eight games last fall and also hosted a first-round game in the College Football Playoff in December.
The department was also down $8.7 million in royalties, licensing and sponsorships and $5.3 million in contributions, which include donations made to purchase tickets.
Part of a $17.7 million jump in spending resulted from severance payments of more than $9 million, including the buyout for former men’s basketball coach Chris Holtmann.
What was this thing about $20M in revenue sharing when they start that next year? How is it severence costs get added into thee Athletic Budget....do they put severence costs for profeessors in the department they work for budgets and take them as losses? Just asking
These numbers are always misleading. Football success equals greater donations to the University. Since a lot of these donations are earmarked for something other than the athletic program, it distorts the figures. But make no mistake about it, Football drives higher donations.