Florida State released its financial statement for the 2014-15 fiscal year and the athletic department saw an increase of $17,262,780 in total revenue for an increase of 16.5 percent. FSU collected a little more than $122 million in total revenue. A year ago, the school made $104.7 million.
USA Today reported Monday that FSU was 13th in the nation in total revenue at $120.8 million. Texas A&M was first with a reported revenue of $192.6 million. Texas A&M received a little more than $92 million in contributions as it continued to expand and renovate Kyle Field, the report said.
As for FSU, the athletic department reported an increase in total operating expenses of 10.5 percent which comes out to a little more than $111 million. In 2014, it took $100.5 million to operate the department.
The department's total expenses were $112.6 million in 2015 for an increase of 9.7 percent. Last year, the school's expenses were $102.6 million.
Here's a link to our story:
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From earlier:
Here's some of the highlights:
>FSU received $19 million in royalties, advertisements and sponsorships. It's an increase of $4.2 million or 28.4 percent. FSU reported it received $14.8 million in 2014. FSU was also given $26.5 million in NCAA/conference distributions. It's an increase of $5.76 million or 27.8 percent increase. FSU reported it received $20.7 million in 2014.
>Team travel increased roughly to $2.4 million for a total of $9.5 million. Last year, the school spent $7.1 million. Part of it has to do with the Seminoles being in the southern tip of the ACC and the chances to take buses to games are limited. There's also the fact FSU does travel across the nation to play stronger competition.
>Bonuses and contract extensions for coaches resulted in a near $2.9 million increase for a total of $19.9 million. Last year's total was around $17 million. The bonuses are included for postseason performances while others like women's basketball coach Sue Semrau received an extension last year.
>FSU also listed what's known as "other operating expenses" on the report. Those are expenses that don't fall within the NCAA's revenue categories. FSU reported an increase of $6.26 million.
USA Today reported Monday that FSU was 13th in the nation in total revenue at $120.8 million. Texas A&M was first with a reported revenue of $192.6 million. Texas A&M received a little more than $92 million in contributions as it continued to expand and renovate Kyle Field, the report said.
As for FSU, the athletic department reported an increase in total operating expenses of 10.5 percent which comes out to a little more than $111 million. In 2014, it took $100.5 million to operate the department.
The department's total expenses were $112.6 million in 2015 for an increase of 9.7 percent. Last year, the school's expenses were $102.6 million.
Here's a link to our story:
-----------------------------------------------------
From earlier:
Here's some of the highlights:
>FSU received $19 million in royalties, advertisements and sponsorships. It's an increase of $4.2 million or 28.4 percent. FSU reported it received $14.8 million in 2014. FSU was also given $26.5 million in NCAA/conference distributions. It's an increase of $5.76 million or 27.8 percent increase. FSU reported it received $20.7 million in 2014.
>Team travel increased roughly to $2.4 million for a total of $9.5 million. Last year, the school spent $7.1 million. Part of it has to do with the Seminoles being in the southern tip of the ACC and the chances to take buses to games are limited. There's also the fact FSU does travel across the nation to play stronger competition.
>Bonuses and contract extensions for coaches resulted in a near $2.9 million increase for a total of $19.9 million. Last year's total was around $17 million. The bonuses are included for postseason performances while others like women's basketball coach Sue Semrau received an extension last year.
>FSU also listed what's known as "other operating expenses" on the report. Those are expenses that don't fall within the NCAA's revenue categories. FSU reported an increase of $6.26 million.
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