University of Texas Athletics: A Breakdown of Expenses by Sport

If you’re a fan of University of Texas athletics, you’re probably aware of the school’s impressive expense budget. But have you ever wondered exactly how that money is spent?

A new blog post from the University of Texas breaks down the school’s athletic expenses by sport, providing an illuminating look at where the school’s money goes.

Check it out to learn more!

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Introduction

Since 2001, the University of Texas at Austin (UT) has been required by state law to publish an annual report detailing its athletics program expenses. This report, called the “Athletics Financial Report,” is available to the public on UT’s website.

The report includes a breakdown of expenses by sport, as well as by operating and non-operating expenses. Operating expenses are those that are directly related to the operation of the athletics program, such as coach salaries, facility costs, and team travel expenses. Non-operating expenses are those that are not directly related to the operation of the athletics program, such as administrative salaries and marketing costs.

In recent years, UT’s athletics program has come under fire for its high level of spending. Critics argue that the program should be more fiscally responsible in light of the university’s other financial challenges. In response to these criticisms, UT has implemented a number of cost-cutting measures, including reducing its number of sports teams and eliminating non-essential expenditures.

Despite these cost-cutting measures, UT’s athletics program remains one of the most expensive in the country. In the 2018 fiscal year (FY), UT’s athletics program spent a total of $192 million on operating and non-operating expenses. This was an increase from $170 million in FY 2017 and $157 million in FY 2016. Below is a breakdown of UT’s athletics expenses by sport for FY 2018:

A Breakdown of University of Texas Athletics’ Expenses by Sport

The University of Texas at Austin is one of the most successful athletic programs in the country. In 2015-2016, the school’s athletic department brought in a total revenue of $183 million. However, not all sports are created equal when it comes to generating revenue. The school’s football and men’s basketball programs generate the majority of the revenue, while other sports like swimming and track & field generate very little revenue.

Football

In 2017, the University of Texas athletics department reported $219.1 million in revenue and $192.6 million in expenses. The football program contributed $103.8 million in revenue and $77.9 million in expenses, while the men’s basketball program generated $40.2 million in revenue and $21.1 million in expenses. In total, the UT athletics department generated $36.3 million more in revenue than it spent in 2017.

Below is a more detailed breakdown of the University of Texas’ athletics expenses by sport for the 2017 fiscal year. These numbers are not adjusted for inflation.

Football:
-Revenue: $103,837,727
-Expenses: $77,889,008
-Profit (loss): $25,948,719

Men’s basketball:
-Revenue: $40,206,012
-Expenses: $21,052,064
-Profit (loss):$19,153,948

Women’s basketball:
-Revenue:$5,785,549
-Expenses:$4,523,154
-Profit (loss):$1,262,395

Men’s Basketball

The University of Texas men’s basketball team is one of the highest expense programs in the school’s athletics department, with a total expense of $12.4 million in the 2018 fiscal year. The basketball program made up 11.4 percent of the department’s total expenses that year. The majority of the expenses for the men’s basketball team go towards salaries and benefits for the coaching staff and support staff, as well as travel expenses for road games.

Women’s Basketball

Women’s basketball is one of the most popular sports at the University of Texas, and it is also one of the most expensive. The cost of running the program is more than $12 million per year, and that does not include the cost of scholarships. The women’s basketball team has its own practice facility, which cost more than $1 million to build. The team also travels extensively, often taking private planes to games.

The cost of running the women’s basketball program at the University of Texas is borne largely by taxpayers and student fees. In recent years, the athletics department has generated less revenue than it has spent. As a result, it has had to rely on subsidies from other parts of the university to balance its budget. In 2016-17, for example, the athletics department received $10.7 million in subsidies from the university’s general fund.

Baseball

The University of Texas at Austin’s Division of Intercollegiate Athletics is self-sustaining and does not receive any University general funds, student fees or state funding. All operating revenues and expenses for the Division are generated through ticket sales, television and radio broadcasting rights, licensing agreements, sport camps and other miscellaneous sources. The following charts provide more detail on the Texas Athletics’ operating revenues and expenses by sport for fiscal year 2019.

Baseball revenues and expenses for fiscal year 2019
Revenues:
$12,276,833

Expenses:
$6,857,564

Softball

This sport is often overshadowed by football and basketball, but it still managed to bring in over $8 million dollars in the 2017 fiscal year. The majority of this came from ticket sales, donations, and conference distributions. This money was then used to cover expenses such as coaching salaries, travel costs, and scholarships.

Other Sports

In addition to the “Big Three” of football, basketball, and baseball, the University of Texas athletic department also funds 17 other varsity sports. Here is a breakdown of the department’s expenses by sport for the 2018-2019 fiscal year.

-Rowing $3,408,871
-Soccer $3,362,064
-Softball $2,693,316
-Tennis $2,236,262
-Track & Field $2,221,259
-Volleyball $1,861,949
-Golf $1,712,065
-Lacrosse $1,- 511 431
Swimming & Diving $9,- 300 572

Conclusion

In conclusion, it is evident that a large university like the University of Texas has a very large and expensive athletic program. Each sport has different expenses and it is important to consider all of them when making decisions about where to allocate funds. The data shows that football and men’s basketball are the most expensive sports, while women’s soccer and cross country are the least expensive. Although some sports may cost more than others, it is important to remember that all of the sports teams at the University of Texas contribute to the school’s overall success and reputation.

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