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Georgia football topped its own record spending for recruiting in the fiscal year 2023 NCAA financial report by nearly $758,000.
Expenses for the period of July 1, 2022 through June 30, 2023 totaled nearly $5.3 million, up from more than $4.5 million in the previous fiscal year. Only Texas A&M ($4.0 million) and Clemson ($3.5 million) have also reported more than $3 million recruiting spending in a single year. Those both also came in the fiscal year 2023. Clemson also spent $3.2 million in fiscal year 2022.
Big Ten powers Michigan ($2.4 million) and Ohio State ($1.6 million) combined spent $1.2 million less than Georgia in the latest reports.
Georgia’s figure was obtained via an open records request from the report that schools were required to submit in January.
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Georgia’s total operating revenue was a school record $210.1 million and its operating expenses were $186.6 million. The revenue was up $7.1 million from the previous fiscal year while the expenses rose $17.6 million.
The $23.5 million operating surplus is down $10.5 million and is its smallest total since 2016. Georgia says if nearly $22 million in expenses for capital projects and athletics’ $4.5 million contribution to the university were included, Georgia would run a deficit for the year.
Georgia’s total operating revenue is the fifth highest among schools whose financial numbers have been reported publicly so far for fiscal year 2023 behind Ohio State’s $279.6 million, Texas A&M’s $279.2 million, Texas’ $271.1 million and Michigan’s $229.6 million. Others reported include: Penn State ($202.2 million), Tennessee ($202.1 million), LSU ($200.5 million), Clemson ($196.0…
Source link : https://sports.yahoo.com/georgia-football-recruiting-spending-zooms-225552209.html
Author : Athens Banner-Herald
Publish date : 2024-02-08 22:55:52
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