How Oregon Ducks football performed financially in FY2023
EUGENE, Ore. BVM) – The University of Oregon’s athletic department filed its annual financial report to the NCAA for the 2023 fiscal year.
Here are the takeaways regarding the Ducks football program’s revenue, expense and profit figures from fiscal year 2023. Note that the 81-page filing for FY2023 covers the reporting year from July 1, 2022 to June 30, 2023.
Revenue
In FY2023, Oregon’s athletic department earned a total operating revenue of $150.6 million (down $2.9 million from FY2022). The University cracked the nation’s top 20 in athletic revenue in FY2022, and notably, an updated ranking for FY2023 will be available later this year.
Team revenue: Oregon football’s revenue totaled $79.8 million in FY2023, while men’s basketball followed in second place with $10.3 million. Nonetheless, football didn’t see a significant change in the $80.9 million revenue produced in FY2022.
Ticket sales: Football sold $20.3 million in tickets for FY2023, which is nearly the same as FY2022’s ticket revenue. In comparison, big-time rival, the Washington Huskies, generated $24 million.
Game programs, novelties, parking and concession sales: The Ducks reported a multi-million dollar jump in this category, going from $3.7 million in FY2022 to $6 million in FY2023.
Media rights: Oregon’s media rights deals totaled $26.4 million – mostly between football ($22 million) and men’s basketball ($3.9 million). However, football’s media rights revenue in FY2022 was slightly higher ($23.6 million).
Royalties, licensing, advertisement and sponsorships: Oregon’s athletic department as a whole reported a $4.3 million increase in this category – but football remained consistent, contributing $1.7 million as it had in the previous year.
Expenses
Oregon’s athletic department spent $146.8 million in total operating expenses in FY2023 – surpassing the previous record by $6.2 million and marking the highest expenditure the department has ever seen.
Team expenses: In FY2023, football’s expenses totaled $42.9 million (up $2.2 million from the previous year). Men’s basketball followed as the second most costly sport with $11 million in expenses.
Meals: Football spent 60% of the University’s budget allocated for non-travel student-athlete meal allowances and food/snacks. While football expensed $1.6 million, men’s basketball spent $75,059.
Team travel: Meals provided to players on the road were reported under “team travel,” but this category also takes into account lodging, air and ground travel. Team travel for football amounted to $2.2 million in FY2023.
Recruiting: The Ducks football program, which spent $1.8 million on recruiting in FY2022, ranked No. 9 in the nation for recruiting spending. In FY2023, the Ducks upped their football recruiting budget to $2.2 million, which laid the groundwork for them to acquire the No. 9 recruiting class in 2023 and the No. 3 class in 2024.
Salaries: Annual salaries, benefits and bonuses for head and assistant football coaches increased by $1 million to total $15.8 million in FY2023. Notably, Dan Lanning ranked as the No. 19 highest-paid college football coach in 2023.
Profits
The Oregon athletic department profited $3.8 million in FY2023, which unfortunately, is a sharp decline from the $12.9 million total profits in FY2022.
Team profits: Football was the only profitable sports program on Eugene’s campus in FY2023 – to the tune of $36.9 million to be exact. While that figure is significant, the Ducks don’t have a reputation for being one of the nation’s most profitable college football teams.
The next fiscal year report (FY2024) will be available by January 2025. This report will encompass data from July 1, 2023 to June 30, 2024.
