The Tigers athletics programs underwent two major coaching changes over the course of the year, but still finished well in the black, according to recently obtained figures.
LSU football made a profit of about $56.1 million in the 2016-17 academic year, an increase of nearly $1 million from 2015-16, raking in $86.1 million in revenue and offset by about $30.1 million in expenses.
A seven-win regular season and a midseason head coach firing in 2016 did not hurt LSU football’s massive profit margin.
The figures are available in the school’s NCAA financial report, a yearly summary each school sends to the governing body of college athletics. It is available through public records law. The figures are for fiscal year 2017, starting July 2016 and running through June 2017.
The firing of longtime coach Les Miles and a down football season didn't affect football’s bottom line. That can’t be said for men’s basketball. The Tigers won 10 games in 2016-17 and fired coach Johnny Jones. The team’s profit of $1.6 million last year marked a 31 percent drop from 2015-16, a 19-win season in which current NBA rookie Ben Simmons played.
LSU baseball, one of the only baseball programs nationally to annually turn profit, saw a net gain of $569,148 in 2017, about $1 million less than the profit it turned in 2016. The baseball team, which advanced to the College World Series' national championship series, made about $500,000 more in revenue in 2017.
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All 17 sports came in with a combined revenue of about $147.744 million. That number was offset by total expenses of about $131.717 million, marking a net gain of $16.027 million for the year.
Scroll below for a loot at the revenues, expenses and total gain/loss per program in the graphs below.
For a more in-depth look and analysis by The Advocate's Ross Dellenger, click here.
LSU coach Ed Orgeron will have a new-look coaching staff in 2018. Now we know how much they will be compensated.