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Florida State University athletics reported increases in revenue and expenses for the financial year 2025 in its annual revenue and expense report sent to the NCAA.
The Seminoles program generated $211,950,623, just over $26 million more than the reported $185 million in the financial year of 2024. While revenue grew, the program also reported $208,187,039 in operating expenses, which include travel, coaches' salaries, and game expenses, among others. The program reported total operating expenses of $169.8 million last fiscal year.
Florida's fiscal year runs from July 1 to June 30, so the numbers reported by the Seminoles program do not include the 2025 football season, but rather the 2024 season. The expenses from the House Settlement that enabled revenue sharing with students were also not included because it came after the close of the fiscal year.
The growth of revenue and expenses reflect the new landscape of collegiate athletics in which Name, Image and Likeness checks to student athletes have changed the game.
Of the reported revenue, 70% of it comes from four areas, according to information provided by FSU. Those areas are:
Here are the key takeaways from the financial report.
While results on the football field haven't been what fans of the program would have wanted, the university reported an increase of over $6.5 million in ticket sales, with $23.6 million the total amount of sales, up from $17.1 million in the fiscal year 2024.
The boost in ticket sales coincides with FSU's overhaul of its ticketing process that took place before the 2024 season. With renovations to Doak, a variety of new seating options, including new loge boxes, chairback seats, and other premium offerings, were available for season ticket holders to purchase at an increased price.
The spike in football ticket sales upped FSU's overall ticket sales across all sports to $28.5 million, up from the $26.99 million reported the prior year. While football was the top overall seller, men's basketball was the university's second hottest ticket, recording $1.4 million in ticket sales during Leonard Hamilton's final year as head coach.
A notable drop in revenue for FSU came in the form of contributions, as the program reported $55.6 million in total contributions, a decrease from the $62.3 million reported the prior year.
While overall contributions dropped, the football program had a significant bump, reporting $38.2 million in total contributions, over $10 million more than the prior year.
Revenue generated from media rights also increased for the university. The total revenue from media rights deals jumped to $34 million for the Seminoles, up from the $32.7 million reported in 2024.
The program's expenses rose significantly in the fiscal year, mostly due to the program's investments and work on Doak Campbell Stadium renovations and the construction of the football-only practice facility.
Pair that with the construction of the Seminoles lacrosse facility, and a large chunk of the nearly $40 million increase in expense makes sense.
With the construction, FSU's debt services went from $4.8 million in the prior financial year to $25.8 million.
Travel expenses were cut by over $4 million for the program, with a reported $9.68 million down from the over $13 million spent the prior year.
Compensation for coaches, support staff, and administrative staff totaled $55.35 million, with $31 million of that going towards coach compensation and $24.35 million to support and administrative staff.
Revenuefrom the university's major sports
Liam Rooney covers Florida State athletics for the Tallahassee Democrat. Contact him via email at [email protected] or on Twitter @__liamrooney.
This article originally appeared on Tallahassee Democrat: FSU athletics totals over $200 million in revenue in 2025 fiscal year
Continue reading...
The Seminoles program generated $211,950,623, just over $26 million more than the reported $185 million in the financial year of 2024. While revenue grew, the program also reported $208,187,039 in operating expenses, which include travel, coaches' salaries, and game expenses, among others. The program reported total operating expenses of $169.8 million last fiscal year.
Florida's fiscal year runs from July 1 to June 30, so the numbers reported by the Seminoles program do not include the 2025 football season, but rather the 2024 season. The expenses from the House Settlement that enabled revenue sharing with students were also not included because it came after the close of the fiscal year.
The growth of revenue and expenses reflect the new landscape of collegiate athletics in which Name, Image and Likeness checks to student athletes have changed the game.
Of the reported revenue, 70% of it comes from four areas, according to information provided by FSU. Those areas are:
- contributions,
- direct institutional support - unrestricted funds like tuition, student fees, etc., used to operate athletics,
- media rights,
- and ticket sales.
Here are the key takeaways from the financial report.
Football sees ticket sales growth, FSU total athletics contributions fall
While results on the football field haven't been what fans of the program would have wanted, the university reported an increase of over $6.5 million in ticket sales, with $23.6 million the total amount of sales, up from $17.1 million in the fiscal year 2024.
The boost in ticket sales coincides with FSU's overhaul of its ticketing process that took place before the 2024 season. With renovations to Doak, a variety of new seating options, including new loge boxes, chairback seats, and other premium offerings, were available for season ticket holders to purchase at an increased price.
The spike in football ticket sales upped FSU's overall ticket sales across all sports to $28.5 million, up from the $26.99 million reported the prior year. While football was the top overall seller, men's basketball was the university's second hottest ticket, recording $1.4 million in ticket sales during Leonard Hamilton's final year as head coach.
A notable drop in revenue for FSU came in the form of contributions, as the program reported $55.6 million in total contributions, a decrease from the $62.3 million reported the prior year.
While overall contributions dropped, the football program had a significant bump, reporting $38.2 million in total contributions, over $10 million more than the prior year.
Revenue generated from media rights also increased for the university. The total revenue from media rights deals jumped to $34 million for the Seminoles, up from the $32.7 million reported in 2024.
Expenses rise as Seminoles invest in stadium construction
The program's expenses rose significantly in the fiscal year, mostly due to the program's investments and work on Doak Campbell Stadium renovations and the construction of the football-only practice facility.
Pair that with the construction of the Seminoles lacrosse facility, and a large chunk of the nearly $40 million increase in expense makes sense.
With the construction, FSU's debt services went from $4.8 million in the prior financial year to $25.8 million.
Travel expenses were cut by over $4 million for the program, with a reported $9.68 million down from the over $13 million spent the prior year.
Compensation for coaches, support staff, and administrative staff totaled $55.35 million, with $31 million of that going towards coach compensation and $24.35 million to support and administrative staff.
Breakdown of revenue streams for FSU
Revenuefrom the university's major sports
- Football
- Contributions: $38.2 million
- Ticket sales: $23.6 million
- Media rights: $17.8 million
- Direct institutional support: $4.1 million
- Men's basketball
- Contributions: $5.9 million
- Ticket sales: $1.4 million
- Media rights: $4.5 million
- Direct institutional support: $636,774
- Baseball
- Contributions: $2.2 million
- Ticket sales: $1.4 million
- Media rights: none
- Direct institutional support: $409,291
- Women's basketball
- Contributions: $1 million
- Ticket sales: $146,708
- Media rights: none
- Direct institutional support: $530,123
- Softball
- Contributions: $870,194
- Ticket sales: $262,432
- Media rights: none
- Direct institutional support: $670,967
- Soccer
- Contributions: $440,531
- Ticket sales: $73,993
- Media rights: none
- Direct institutional support: $670,710
Liam Rooney covers Florida State athletics for the Tallahassee Democrat. Contact him via email at [email protected] or on Twitter @__liamrooney.
This article originally appeared on Tallahassee Democrat: FSU athletics totals over $200 million in revenue in 2025 fiscal year
Continue reading...
