Auburn reports decreased profits due to paying so many fired coaches

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Auburn’s athletics department blasted past its previous record revenue set in the 2021-22 fiscal year by more than $20 million but did so with a significantly decreased profit and higher institutional support payments, according to a copy of Auburn’s 2022-23 revenues and expenses report obtained by AL.com in a public records request.

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Last year, Auburn saw a significant increase in severance payments, cutting into its previous record profit. That is largely because Auburn fired previous head coach Bryan Harsin one month into the 2022-23 fiscal year so payments owed to him were not factored into the previous year’s report.

Auburn owed $19.8 million in severance payments in 2022-23 compared to $8.2 million in the previous cycle.

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Auburn reported $32.3 million in ticket sales for 2023, down from $34.1. million. That decrease came almost entirely from football, which dropped from $30 million to $28.7 million.

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