Georgia football zooms past own record by spending $5.3 million on recruiting

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.

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 million) and Auburn ($195.3 million).

USA TODAY Sports requested those through open-records requests in partnership with the Knight-Newhouse Data project at Syracuse…

Source link : https://sports.yahoo.com/georgia-football-zooms-past-own-011433741.html

Author : USA TODAY Sports

Publish date : 2024-02-09 01:14:33

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