K-State shows athletic surplus for fourth straight year, reports record expenses
Kansas State’s athletic department brought in more revenue than ever in the 2013 fiscal year, but its expenses also hit an all-time high, according to figures filed with the NCAA.
The end result was a surplus of roughly $11.1 million, down 9.33 percent from the year before. K-State reported nearly $70.5 million in gross revenue and more than $59.3 million in operating expenses.
The bulk of K-State’s revenue came from its football program. Behind coach Bill Snyder, the Wildcats’ gross football revenue reached $42.2 million, maintaining a rapid ascent from $35.8 million in 2012 and $23.5 million in 2011. Net football revenue in 2013 was $26.2 million.
Another notable increase came in royalties and licensing. K-State made $2.3 million in that category in 2013, up 17 percent from the year before. K-State also profited more than $15 million off of ticket sales. K-State received nearly $18 million in contributions and it took in nearly $25 million from the NCAA and the Big 12.
Those positives were negated by a drop in men’s basketball revenue, from $6.8 million to $5.5 million, and increases in coaching/administrative staff salaries and team travel.
The Wildcats spent $7.5 million on team travel, 46.6 percent more than in 2012. They also significantly raised the salaries of administrators and support staff, bumping their total up 33 percent to 12.1 million.
This is the fourth straight fiscal year in which K-State has reported an athletic department surplus of more than $11 million.
The graphics below, compiled by The Star through open-records requests, show revenue and expense data for the three major college athletic departments in Missouri and Kansas for the last seven financial years. Mobile users,
.
This story was originally published March 28, 2014 at 7:01 PM with the headline "K-State shows athletic surplus for fourth straight year, reports record expenses."