Talkin' 'bout Money - and State Ain't Doin' Too Bad Right Now

According to a report by USA Today, Mississippi State is 45th in the country in total athletic department revenue with $58,581,769. That’s not too bad at all, especially when you consider that every non-SEC school above MSU has a considerably higher cost of living than Starkville, MS.

MSU is at the bottom of the barrel in terms of revenue in the SEC – 10th (out of 11 because Vandy is a private school). Ole Miss is 12th, but they claim to figure their revenue differently, which would put them even with State. But MSU is near the middle of the pack in terms of profit – at $7,393,026.

In terms of growth, Mississippi State is leading the pack. Since 2006, State has a 129% increase in revenue. Arkansas is 2nd at 85%. Of course, much was made about how Stricklin didn’t include any contributions in the 2010 stats, but there were $16 million worth in 2011’s. So that 129% is definitely inflated. BUT, we can look at expenditures and see that MSU is 1st in the SEC since 2006 there as well. At 99.9%, State has basically doubled what it spends on athletics; Alabama is 2nd at 73.2%.

Brandon Marcello came up with an interesting piece this week about how much each sport makes, and spends. Here is what I took away..

Revenue:

Football – $22,575,985 ($7.8 mil in tickets, $14.4 mil in TV, .3 mil in misc.)
Men’s Basketball – $6,914,565 ($1.6 mil in tickets, $5 mil in TV, .3 mil in misc.)
Baseball – $1,471,242
Women’s Basketball – $115,982
All other sports – $221,769

Expenditures:

Football – $11,766,024
Men’s Basketball – $4,095,623
Baseball – $2,219,652
Women’s Basketball – $1,868,856
All other sports – $6,135,626

Profit margin: 

Football: + $10,809,961
Men’s Basketball: + $2,818,942
Baseball: – $748,410
Women’s Basketball: – $1,752,874
All other sports: – $5,913,857

Football rules the roost – you bet.

Interesting to note, scholarships only account for $6,175,694 – or 12% of the total expenses.

Mississippi State seems to be doing very well on the financial end (along with a lot of other schools). The growth is really the encouraging thing, as Scott Stricklin has been able to continue Greg Bryne’s legacy of maximizing MSU’s resources and striving to reach our potential; instead of just staying on budget which was the goal of past administrators.

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