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2011-2012 Penn State Athletics Revenue Figures Released

The Penn State athletic department released its annual financial report to the NCAA yesterday, which saw a $7.9 million drop in revenue, down to about $108 million. However, some of the numbers are interesting.

Overall contributions to the athletic department dropped nearly $8.8 million — from $34.3 million to $25.6 million — however, contributions related to football more than quadrupled. In the spirit of #OneTeam, Penn State took in $9.7 million specific to football, up from $2.1 million in 2010-2011.

Ticket sales incurred a modest drop from $34.2 million to $33.4 million, which should come as a pleasant surprise considering the widespread unpopularity of football’s STEP ticket program.

The report comprises the fiscal year from June 2011 – June 2012, so these figures do not include the $12 million NCAA fine payment that was made earlier this year.

Penn State remains one of only 22 public universities with a self-sustaining athletic department.

Editors note: A previous version of this post included the wrong figure in the second paragraph. It has now been corrected.

About the Author

Kevin Horne

Kevin Horne was the editor of Onward State from 2012-2014 and currently holds the position of Managing Editor Emeritus, which is a fake title he made up. He graduated from Penn State with degrees journalism and political science in 2014 and is currently seeking his J.D. at the Penn State Dickinson School of Law. A third generation Penn Stater from Williamsport, Pa., Kevin is also the president of the graduate student government. Email: [email protected]

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