Top 10 college football teams with the highest expenses

9. Penn State Nittany Lions ($58 million)

Per its NCAA report, Penn State football’s expenses in FY2023 included: 

• Recruiting: $2.9 million 
• Non-travel student-athlete meals: $809,034
• Miscellaneous: $18.7 million   
• Game expenses: $8.3 million   
• Coaching compensation: $17.9 million  
• Athletic student aid: $5.7 million  
• Athletic facilities debt service: $3.4 million  
• Team travel: $1.6 million
• Equipment: $1 million