Ohio State University's athletic department reported a $38 million deficit despite record spending of $293 million in 2023-24.

Ohio State University's athletic department reported spending $293 million in the 2023-24 season, leading the nation for the sixth year. Despite high coaching salaries, which rose to $54.3 million, and severance payments totaling $9.2 million, the department faced a $38 million deficit, partly due to a 25% drop in ticket revenue from fewer home games. Ohio State is now addressing this financial shortfall.

2 months ago
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