The University of Utah ranks 61st in athletic department revenue among public schools nationwide and 10th among public schools in the Pac-12, pulling in $40.8 million in revenue while having $43.7 million in expenses according to data collected by USA Today.
According to the report, Utah received $9.9 million in subsidies, which includes students fees, direct and indirect institutional support, state money and all other money received that was not generated by the department's athletic functions. Subsidies are included in the total revenue figure.
While Utah ranked last of the 10 public schools in the Pac-12 in total revenue, the school's $2.8 million loss was not as substantial as Washington State and Arizona State which lost $5.2 million and $5.7 million respectively. Stanford and USC are private institutions and as such are not obligated to publicly release their financial information.
The Utes have a larger revenue stream than any other public in-state institution, namely, Utah State, Weber State, Southern Utah and Utah Valley. Brigham Young University, a private university, did not publicly release a revenue and expense report for 2012.
According to Dirk Facer of the Deseret News, Utah’s membership agreement with the Pac-12 calls for a 50 percent share in conference funds in 2012-13; 75 percent in 2013-14; and a full portion beginning in 2014-15. The main revenue streams, including television money and shared distribution from the BCS and conference championships, will add approximately $9.9 million in 2012-13; $14.5 million in 2013-14; and $23.3 million in 2014-15. From 2016 on, annual increases of approximately 4 percent are expected.
The University of Oregon pulled in the most revenue in the Pac-12 and was ranked 16th on the list with $94.6 million in revenue and $4.9 million in profit, while the University of Washington was the most profitable in the Pac-12 making $8.7 million in profit off of $82.5 million in total revenue. Nationwide, the Texas Longhorns ranked first in total athletic revenue, raking in $163.2 million for a $25 million profit.
As for other programs in the Beehive State, Utah State made $21 million in revenue with $21.5 million in expenses while receiving $12.7 million in subsidies and taking a $500,000 dollar loss.
Weber State made $11.5 million in revenue with $11.6 million in expenses while receiving $7.8 million in subsidies taking a $48,000 dollar loss.
Southern Utah made $10.3 million in revenue with $10.1 million in expenses while receiving $7.9 million in subsidies making $114,000 in profit.121 comments on this story
Utah Valley made $9.2 million in revenue with $9.5 million in expenses while receiving $8.4 million in subsidies taking a $384,000 dollar loss.
Overall, the athletic departments of the public universities in Utah took in $92.8 million in revenue with $96.4 million in expenses while receiving $46.7 million in subsidies for a overall loss of $3.6 million in 2012. Just over 50 percent combined revenues was subsidized by money not generated from athletic functions.