LSU’s football program led the school’s athletic program in generating revenues, netting $56.6 million after expenses for the fiscal year ending mid-2019.
According to a report released this morning by the Louisiana Legislative Auditor, the university’s athletic department brought in $157.8 million in total revenue, netting nearly $3 million after spending $154.8 million in expenses. The department netted nearly $300,000 more than for fiscal year 2018.
The football program generated nearly $92 million in revenue and recorded $35.3 million in expenses. Ticket sales generated the most money for the program, bringing in about $36.6 million, followed by some $23.8 million in contributions to the program. The program netted over $1 million more in 2019 than it did for the fiscal year 2018.
Media rights brought in the most revenue for men’s basketball, generating nearly $3.5 million for the program, while ticket sales generated nearly $2 million. Overall, men’s basketball netted $453,022.
While the report marks positive revenue earnings for the football and men’s basketball programs, women’s basketball fell short $4 million of its expenses. Bringing in some $248,005 in revenue, the program recorded nearly $4.3 million in expenses. Women’s basketball made $96,600 from ticket sales.
“Other sports” recorded a $22.5 million deficiency to expenses.
For each of the programs, coaching salaries and bonuses represented the highest expenses. Read the full report.
