- Aug 28, 2014
- 16,541
- 26,097
Florida releases 2017-18 athletic budget
GAINESVILLE, Fla. — The board for Florida’s University Athletic Association approved a record $128,228,987 budget for the 2017-18 fiscal year, up more than $5.5 million from the previous year.
That includes $33.15 million in revenue from the SEC for the past year.
The Gators will receive a one-time $6 million guarantee for playing Michigan in the 2017 AdvoCare Classic at AT&T Stadium in Arlington, Texas, to open the football season, with that money going straight to the football program.
Florida also received additional royalty revenue of about $1.7 million from its Fox/IMG sponsorship from the 2016-17 year that is not included in that $128 million budget.
Among the new expenditures is the addition of a 3D arena projection system ($350,000), which was rented out for the Gators’ home basketball game with Kentucky, and LED ribbon boards and additional scoreboards in the end zones of the football stadium.
Florida’s operating expenses are broken down as follows: sports ($25,053,153), scholarships ($14,029,629), support services ($7,472,450), administrative services ($17,830,888), auxiliaries ($868,750), capital projects ($750,000), salaries and fringe benefits ($48,003,976), OPS and temporary personnel ($2,347,279) and University of Florida support ($716, 347). The 2017-18 budget lists $9,465,800 in debt service.
The largest increases were in the categories of sports ($1,859,951), administrative services ($1,183,548) and salaries and fringe benefits ($2,848,410).
According to Gator Country, $82.5 million of that budget is allocated for football and “football related expenses,” with $13.48 million for basketball and $3.19 million for the Gators’ other sports.
The 2016-17 athletics operating budget was $122,635,858.
Obviously the more you get the more you have to play with and the more you can decide what to spend it on. Coaching changes cost money, not just because of buyouts but it seems to there was like $1,000,000 in moving costs. New scoreboards for the diving team. Crap like that. You have to decide where your priorities lie.
But a winning football team can really increase those revenues. Playoff appearances, bigger bowl payouts and merchandise really can bulge the coffers.
GAINESVILLE, Fla. — The board for Florida’s University Athletic Association approved a record $128,228,987 budget for the 2017-18 fiscal year, up more than $5.5 million from the previous year.
That includes $33.15 million in revenue from the SEC for the past year.
The Gators will receive a one-time $6 million guarantee for playing Michigan in the 2017 AdvoCare Classic at AT&T Stadium in Arlington, Texas, to open the football season, with that money going straight to the football program.
Florida also received additional royalty revenue of about $1.7 million from its Fox/IMG sponsorship from the 2016-17 year that is not included in that $128 million budget.
Among the new expenditures is the addition of a 3D arena projection system ($350,000), which was rented out for the Gators’ home basketball game with Kentucky, and LED ribbon boards and additional scoreboards in the end zones of the football stadium.
Florida’s operating expenses are broken down as follows: sports ($25,053,153), scholarships ($14,029,629), support services ($7,472,450), administrative services ($17,830,888), auxiliaries ($868,750), capital projects ($750,000), salaries and fringe benefits ($48,003,976), OPS and temporary personnel ($2,347,279) and University of Florida support ($716, 347). The 2017-18 budget lists $9,465,800 in debt service.
The largest increases were in the categories of sports ($1,859,951), administrative services ($1,183,548) and salaries and fringe benefits ($2,848,410).
According to Gator Country, $82.5 million of that budget is allocated for football and “football related expenses,” with $13.48 million for basketball and $3.19 million for the Gators’ other sports.
The 2016-17 athletics operating budget was $122,635,858.
Obviously the more you get the more you have to play with and the more you can decide what to spend it on. Coaching changes cost money, not just because of buyouts but it seems to there was like $1,000,000 in moving costs. New scoreboards for the diving team. Crap like that. You have to decide where your priorities lie.
But a winning football team can really increase those revenues. Playoff appearances, bigger bowl payouts and merchandise really can bulge the coffers.