LSU Tigers join rare $200 million club per NCAA report
BATON ROUGE, La. (BVM) – The Louisiana State University athletic department has filed its
Here’s what to know about LSU’s athletic revenue, expenses and profits – especially regarding football, baseball, gymnastics, and men’s and women’s basketball. The 82-page filing for fiscal year 2023 covers the reporting year from from July 1, 2022 to June 30, 2023.ÌýÌýÌýÌý
³¢³§±«â€™S revenue
in operating revenue; this is the that the Tigers have cracked the $200 million mark in revenue.Ìý
Few college athletic departments have joined the milestone $200 million revenue club; the previous fiscal year (2022) included Ìý
Take a look at in FY2023 (compared to FY2022):Ìý
- Football: $105.7 million (up $10.6M)Ìý
- Men’s basketball: $12 million (up $507K)Ìý
- Baseball: $8.6 million (up $2.6M)Ìý
- Women’s basketball: $2.5 million (up $720K)Ìý
- Gymnastics: $730,641 (up $91K)Ìý
A lot of the revenue comes from ticket sales; in FY2023 (up $4.4 million from the previous reporting year).Ìý
in FY2023 (compared to FY2022):ÌýÌý
- Football: $40.7 million (up $2.3M)ÌýÌýÌýÌýÌýÌý
- Baseball: $3.5 million (up $662K)ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
- Men’s basketball: $2.4 million (down $298K)Ìý
- Women’s basketball: $973,880 (up $107K)ÌýÌýÌýÌýÌýÌý
- Gymnastics: $500,518 (up $86K)ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
³¢³§±«â€™S expenses
in operating expenses. considering that the previous record was $192.8 million in fiscal year 2022.Ìý
in FY2023 (compared to FY2022):ÌýÌý
- Football: $51.6 million (down $7.8M)ÌýÌýÌýÌý
- Men’s basketball: $10.7 million (up $838K)ÌýÌýÌýÌý
- Women’s basketball: $10.3 million (up $1.9M)ÌýÌýÌýÌýÌý
- Baseball: $8.7 million (up $2.7M)ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
- Gymnastics: $3.1 million (up $442K)ÌýÌýÌýÌýÌýÌýÌý
One notable expense is LSU’s recruiting budget – which to
Notable in FY2023 (compared to FY2022):ÌýÌý
- Football: $1.9 million (up $1.2M)ÌýÌýÌý
- Men’s basketball: $852,119 (up $158K)ÌýÌýÌýÌý
- Women’s basketball: $402,366 (up $171K)ÌýÌýÌýÌýÌýÌý
- Baseball: $171,950 (up $66K)ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
- Gymnastics: $124,731 (up $40K)ÌýÌýÌýÌýÌýÌý
LSU’s profitsÌý
The LSU Tigers’ athletic department profited $1,365,981 during FY2023. In comparison, it raked in $6.5 million in profits during FY2022.Ìý
Overall, in FY2023, the football team at LSU made $54.1 million in profits and the men’s basketball team profited $1.3 million. However – baseball, gymnastics and women’s basketball didn’t turn a profit; baseball lost $66K, gymnastics lost $2.4 million and women’s basketball lost a staggering $7.8 million.Ìý
