FSU Athletics 2019 Financial #s

https://www.tallahassee.com/story/sports/college/fsu/2020/07/16/florida-state-athletics-revenue-expenses-revealed-2019-fiscal-year/5449837002/

The Florida State athletic department spent just over $150 million on its teams during the 2019 fiscal year, according to documents obtained by USA TODAY in partnership with Syracuse University’s S.I. Newhouse School of Public Communications.

The athletic department generated a revenue of just over $152 million. It's the fifth time in the last six years that FSU has generated more total revenue than the department has spent. 

The athletic revenue was the 12th highest in college football in 2019 and highest in the ACC. The next closest ACC program was Louisville at just under $140 million.

FSU finished as the second highest athletic department in total revenue in the state behind No. 9 Florida, which generated nearly $160 million. Miami is a private school and does not release financial information.

The athletic department had two programs that made money during the 2019 fiscal year. 

The football program generated nearly $71.5 million in revenue in 2019 with a total of almost $47.5 million in expenses. The men's basketball program generated just over $15 million in 2019 with $12.3 million in operating expenses.

Baseball was the only other program that generated more than $5 million in revenue ($5.1 million), but had over $6.6 million in operating expenses.

The overall recruiting budget for the FSU athletic department was 15th most across reporting athletic departments in college football during the 2019 fiscal year.

Georgia had the highest overall recruiting budget at nearly $5.2 million. Clemson was sixth at nearly $3.3 million. In-state rival Florida came in just behind FSU at No. 16 with just over $2.5 million spent on recruiting.

FSU's football recruiting was on the higher end as well. UGA spent the most on football recruiting at nearly $3.7 million. In the ACC, Clemson led the way with just over $2.2 million in football recruiting spending. UF spent nearly $1.3 million on recruiting. The numbers listed came from documents provided by the universities.

FSU spent nearly $3.3 million in 2017 on recruiting with $2.3 million of that coming from football. 

https://247sports.com/college/florida-state/board/36/Contents/2019-fsu-athletic-financial-numbers-are-in-149230905/

Interesting data, for the fiscal year ending September 30, 2019:

Revenue = $152MM, down $15MM+ from $168M in 2018

Operating expenses = $150MM, down from $158MM in 2018....note the "cushion" between total revenue and expenses got much thinner in 2019 (from basically $10MM to $2MM).

Major revenue Sources: Boosters/donations ($40MM); media rights ($30MM); ticket sales ($20MM, down $4MM from 2018); ACC payments other than media ($6.7MM, of which $4.9MM came from bowl revenue); NCAA distribution ($4.5MM).

Only football and basketball were profitable (football and men's basketball)....football generated a profit of $24MM, while men's hoops generated a profit of $2.7MM...all of the other programs, collectively, diminished that gross ~$27MM profit to only $2MM.

Overall, the numbers are not as bad as some might have expected. But it is important to note that things are generally down-trending since fiscal 2018, and the real hardship is likely to be "this" (2020) fiscal year (which closes in only 75 more days). This 2020 and 2021 math both get REALLY ugly if football does not replicate its 2019 performance, which, right now, seems highly unlikely. Interesting times.


 Baseball lost $1.4MM. 
Softball lost about $400,000 (revenue minus expenses). 
Women's basketball lost around $1.8MM. 
Men's and Women's track lost around $2.6MM.