The 2018 fiscal year once again saw a mind-boggling amount of money flow in and out of the Texas Longhorns athletics department.
According to a report from Steve Berkowitz of USA Today, the University of Texas athletics department reported upwards of $219 million in annual operating revenue through the 2018 fiscal year, with a reported $206.5 million of that sum being credited to operating expenses.
In fact, per the report, Texas reduced its expenses by $500,000 last year, yet the $206.5 million figure loomed $31 million larger than any other Division I public program has reported throughout USA Today’s 13-year collection of date. The closest competition is Michigan is 2017, which reportedly spent $175.4 million. Updated 2018 reports aren’t yet available from every Division I program, however.
Unsurprisingly, the football program served as the cash cow of the athletics department, as the Longhorns football program reportedly generated $144.5 million in revenue last year. As noted in the USA Today report, that sum is more than the entire operating revenue of all bit 12 Division I public programs in 2017.