According to its annual report to the NCAA, Oregon State athletics generated its first annual surplus in eleven years.
For fiscal year 2024, which concluded on June 30, 2024, OSU’s last year in the Pac-12, the school reported a surplus of $7.43 million. The institution reported $120,312,417 in total revenue and $112,883,911 in total costs.
Public schools are required by the NCAA to submit their annual revenue and cost reports by January 15 of the preceding year.
The last time Oregon State had a surplus was in 2013, when $1.28 million more was made from athletics than was spent. Oregon State’s net deficit for fiscal year 2023 was $6.84 million.
In contrast, the University of Oregon reported a $1.978 million surplus in 2024. The school’s revenue of $169,206,109 was less than its expenses of $167,228,256.
Oregon State data show the revenue and expenses for 2024.
The opening of the renovated Reser Stadium contributed to the 2024 financial results. OSU’s 2024 ticket sales for all sports were $13.0 million, a substantial increase over 2023’s $9.95 million.
Due to the Pac-12’s collapse, Oregon State’s revenue is anticipated to decline for its 2025 NCAA file.
Other noteworthy items:
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Most of the ticket revenue came from football, at $8.22 million. Next was baseball at $1.899 million, followed by women s basketball ($763K) and men s basketball ($675K). With remodel Reser to sell, football ticket sales increased by $2.32 million over 2023.
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Oregon State generated $34.05 million in media rights revenue. Football produced $21.1 million, followed by men s basketball at $4.95 million.
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Football had a net profit of $23.2 million, reporting $49,178,636 in revenue, and $25,978,768 in expenses. That is a gain of nearly $7 million over 2023, when football profits were $16.51 million.
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Football was the only Oregon State sport to turn a profit. None were particularly close, either, as the smallest net loss was men s golf at $668K, followed by men s basketball at $772K. The sport with the largest annual deficit was women s basketball at $2.91 million. Next was women s track and field ($1.86 million), followed by softball ($1.82 million) and baseball ($1.8 million).
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The Beavers had a net loss of $208,830 from participating in the 2023 Sun Bowl against Notre Dame. OSU was paid $1.754 million to participate, with $1.963 million in expenses.
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Oregon State paid $36.62 million to coaches and support staff for salaries, benefits and bonuses for 2023-24. That is slightly higher than 2022-23, when the amount was $36.17 million.
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Oregon State spent $2.01 million in recruiting. More than half of that came from football, at $1.02 million.
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Football spent $1.781 million in travel, easily the highest among OSU sports. Next was women s basketball ($878), men s basketball ($848K) and baseball ($785K).
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Among Oregon State athletes, 219 men and 193 women receiving some type of athletic financial aid during the 2023-24 school year. Football led the way with 106. Rowing had the most among women with 48.
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The report said Oregon State has $953 million in university debt, with $108.7 million in athletics.
The contact information for Nick Daschel is 360-607-4824, [email protected], or @nickdaschel.
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