The Ohio State athletic department's budget deficit from the 2024 fiscal year was $37.7 million, according to figures it submitted to the NCAA.
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Ohio State’s athletic department reported an operating deficit of nearly $38 million during the most recent fiscal year, according to an annual financial statement submitted to the NCAA.
The athletic department spent a record $292.7 million from July 1, 2023, to June 30, 2024, while it also saw a dip in overall revenue.
It brought in $254.9 million in total operating revenues over the period, a decline of $24.6 million from the previous fiscal year, contributing to the budget shortfall.
