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Ohio State Athletics Faces $37.7 Million Deficit Despite Championship

1/31/2025

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Summary

Story summary

Ohio State's athletics department faces a staggering $37.7 million deficit for the 2024 fiscal year, even after clinching the College Football Playoff National Championship. Revenue plummeted to $255 million, a significant drop from $279 million, while expenses soared to $293 million, driven by dwindling ticket sales and soaring coaching salaries, including hefty severance payments.

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Story summary

Ohio State's athletics department faces a staggering $37.7 million deficit for the 2024 fiscal year, even after clinching the College Football Playoff National Championship. Revenue plummeted to $255 million, a significant drop from $279 million, while expenses soared to $293 million, driven by dwindling ticket sales and soaring coaching salaries, including hefty severance payments.