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Ohio St. '24 title comes at high cost.....reports say OSU operating @whopping $38M deficit
Posted on 1/30/25 at 1:12 pm
Posted on 1/30/25 at 1:12 pm
Earlier, it was said that Ohio St paid $20M in NIL to its football players this year.
Now, reports delving into the Buckeye's spending reveals that OSU actually operated at an incredible amount of over $38 million deficit, much more than the $20 million earlier reported.
OSU's athletic director, Ross Bjork, said in response to the new revelations.......
"While last year’s budget impact is not ideal and there were unique circumstances at play, we have a robust expense and revenue plan that has been implemented and have made great progress in this ever-changing landscape of college athletics. We will make sure we operate with a balanced budget moving forward."
One important note in this report...........
Bjork's prioritizing the football program and the successful attempt at winning a national championship and the spoils that come with will still come at a serious cost school-wide. He told the Columbus Dispatch in August that several other sports will have to operate closer to a club model instead of participating as full NCAA recognized Division I programs.
The future of collegiate sports is unfolding before our eyes in that last statement. Stick a fork in it. It's done. I'm done with it, too.
LINK
Now, reports delving into the Buckeye's spending reveals that OSU actually operated at an incredible amount of over $38 million deficit, much more than the $20 million earlier reported.
OSU's athletic director, Ross Bjork, said in response to the new revelations.......
"While last year’s budget impact is not ideal and there were unique circumstances at play, we have a robust expense and revenue plan that has been implemented and have made great progress in this ever-changing landscape of college athletics. We will make sure we operate with a balanced budget moving forward."
One important note in this report...........
Bjork's prioritizing the football program and the successful attempt at winning a national championship and the spoils that come with will still come at a serious cost school-wide. He told the Columbus Dispatch in August that several other sports will have to operate closer to a club model instead of participating as full NCAA recognized Division I programs.
The future of collegiate sports is unfolding before our eyes in that last statement. Stick a fork in it. It's done. I'm done with it, too.
LINK
This post was edited on 1/30/25 at 1:17 pm
10
Posted on 1/30/25 at 1:17 pm to JetDawg
There was a reddit thread breaking down the financials and they're actually projected for a big surplus next year. If I'm remembering correctly most of this had to do with the 6 home game schedule + a large amount of capital expenditures in OSU's FY24.
That said, the note at the end is important. I believe that sports in general & certainly CFB are reaching a bubble. Look at how broke the Euro soccer leagues are. Series A & LA Liga are turning into poverty leagues and there just isn't enough to keep up with the EPL.
That said, the note at the end is important. I believe that sports in general & certainly CFB are reaching a bubble. Look at how broke the Euro soccer leagues are. Series A & LA Liga are turning into poverty leagues and there just isn't enough to keep up with the EPL.
Posted on 1/30/25 at 1:18 pm to JetDawg
Just because Georgia is washed up does not mean You should give up on them.
38 million is nothing to Ohio State as long as football is taken care of.
38 million is nothing to Ohio State as long as football is taken care of.
Posted on 1/30/25 at 1:27 pm to Bigdawgb
quote:
home game schedule + a large amount of capital expenditures in OSU's FY24.
Athletic department accounting is very strange. CapEx should be capitalized and depreciated over long periods. I can't see how it would swing a P&L that much if you are using accrual accounting.
Posted on 1/30/25 at 1:36 pm to BuckI
quote:
Just because Georgia is washed up does not mean You should give up on them.
38 million is nothing to Ohio State as long as football is taken care of.
You wish UGA was washed up 'cuz you can't beat us.
When it comes to 'money in the bank', UGA has more than Ohio State, I'd bet. We don't operate at a deficit, Buckaroo.
Posted on 1/30/25 at 1:37 pm to BuckI
quote:Spoken like a fan (the infamous I like 'em so that's my team club, that's never been there or contributed a penny) and not an actual student or alumni.
38 million is nothing to Ohio State as long as football is taken care of.
This post was edited on 1/30/25 at 1:38 pm
Posted on 1/30/25 at 1:40 pm to JetDawg
Georgia chickened out against Notre Dame who we beat up to avoid Ohio State.
Posted on 1/30/25 at 1:46 pm to Windy City
It should still be in the front page of r/CFB if you want to look into it more
Posted on 1/30/25 at 1:56 pm to JetDawg
Texas made money this year and Ohio State lost?
Posted on 1/30/25 at 2:01 pm to JetDawg
quote:
we have a robust expense and revenue plan that has been implemented
Prepare thy anus for ticket price hikes.
Posted on 1/30/25 at 2:03 pm to BuckI
quote:
38 million is nothing to Ohio State as long as football is taken care of.
Posted on 1/30/25 at 2:12 pm to JetDawg
quote:
I'm done with it, too.
You’re full of shite is what you are. Your teams have been incredible lately and coming off 2, count them 2, NC’s and now you’re gonna hang it up?
Good try baw.
Posted on 1/30/25 at 2:16 pm to BuckI
totally
Posted on 1/30/25 at 2:35 pm to BuckI
quote:
Just because Georgia is washed up does not mean You should give up on them. 38 million is nothing to Ohio State as long as football is taken care of.
We have one of the largest athletic budgets in the country and our football program is worth nearly $2 billion. This year’s ticket and merchandise sales should easily make up for that deficit.
Posted on 1/30/25 at 2:38 pm to JetDawg
quote:
When it comes to 'money in the bank', UGA has more than Ohio State, I'd bet. We don't operate at a deficit, Buckaroo.
We have a wealthier line of NIL donors and our university endowment is almost $7 billion more than UGA’s endowment. And to top it off, your school has a fricking abysmal graduation rate. So there’s that.
This post was edited on 1/30/25 at 2:40 pm
Posted on 1/30/25 at 2:39 pm to BuckeyeWarrior
Not to mention the buyout for the shitty basketball coach Holtmann was 9 million. I thought this was an SEC board
Posted on 1/30/25 at 2:42 pm to BuckeyeWarrior
Exactly. The title will pay for itself. Anything left owed will be taken care of by our wealthy donors. This isn't the AH-HA the OP was hoping for.
Posted on 1/30/25 at 2:45 pm to BuckI
OP is salty that his team got ran out of the stadium by a Notre Dame squad that had half of their starters out 
frick GEORGIA
frick GEORGIA
This post was edited on 1/30/25 at 2:46 pm
Posted on 1/30/25 at 2:46 pm to flagshipuniversity
Football is King at Ohio State.
Posted on 1/30/25 at 2:53 pm to JetDawg
quote:
OSU's athletic director, Ross Bjork,
No one is better at failing upwards.
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