Everything really is bigger in Texas. Especially when it comes to the University of Texas' bank account.
The Longhorns' football program amassed a whopping $87.5 million in gross revenue during the 2008-09 school year and the football program cleared a $65 million profit, according to figures from the U.S. Department of Education's Equity in Athletics. The 2008-09 school year is the most recent data that is available.
Both Texas-sized figures are easily the nation's largest among college football programs, according to FanHouse's comparison of the 120 Football Bowl Subdivision teams.
The Longhorns' $87.5 million in gross revenue from Texas' football program is nearly $20 million more than the amount from the next highest school, Ohio State at $68.19 million. Ohio State spent a national-high $32.3 million on its football program, about $10 million more than Texas.
Following Texas and Ohio State in football gross revenue are four SEC schools -- Florida ($66.15 million), Georgia ($65.21 million), Alabama ($64.6 million) and LSU ($61.86 million). Penn State ($61.76 million) ranks seventh, with Auburn ($58.61 million), South Carolina ($57.11 million) and Notre Dame ($56.92 million) rounding out the top 10.
The SEC had six of the top 10 revenue producers.
Of the top 10 schools in gross revenue for the 2008-09 school year, only four -- Florida, Texas, Ohio State and Alabama -- earned BCS bowl berths.
The biggest revenue producing football programs in the ACC, Pac-10 and Big East, respectively, were Clemson (20th nationally, $35.205 million), USC (21st, $35.203 million) and West Virginia (26th, $28.95 million).
Texas' football program, which benefits greatly by receiving the biggest chunk of the Big 12's television revenue, also enjoyed about a $20 million advantage in net revenue over the next closest school. The Longhorns' net revenue of $65.02 million easily outdistanced Georgia at $45.38 million.
Florida ranked third nationally in net revenue ($43.29 million), followed by Penn State ($42.63 million), LSU ($39.14 million), Notre Dame ($38.18 million), Alabama ($38.16 million), Nebraska ($37.29 million), South Carolina ($37.23 million) and Ohio State ($35.89 million).
The SEC had five schools in the top 10 football programs in net revenue with the Big 12 and Big Ten having two schools each.
The other top football programs in net revenue from the Pac-10, ACC and Big East, respectively, were Oregon State (18th nationally, $18.35 million), Clemson (20th, $16.36 million) and West Virginia (28th, $13.05 million).
Even though Texas is literally printing money compared to other football programs across the country, it apparently wasn't enough for the Longhorns, who nearly left the Big 12 because of the possibility of even more revenue in the Pac-10.
Of the top 20 football programs in net revenue in 2008-09, only five schools -- Michigan (ranking 11th nationally), Auburn (12th), Texas A&M (14th), Arkansas (16th) and Tennessee (17th) -- had the dubious distinction of not playing in a bowl that season.
Of the 66 automatic qualifying BCS conference schools, only five football programs failed to make a profit for the 2008-09 school year, according to the Equity in Athletics data. Rutgers, which spent a Big East-high $19.73 million, broke even. Four other programs, however, lost money: UConn ($270,000), Syracuse ($840,000), Wake Forest ($3.07 million) and Duke ($6.72 million).
Of the four programs that lost money in 2008-09, three -- Rutgers, UConn and Wake Forest -- were successful on the field and went to bowl games.
While nearly all of the automatic-qualifying BCS conference schools' football programs finished in the black, the non-automatic BCS conference schools weren't nearly as profitable. Of the non-automatic qualifying BCS conference schools, excluding Army, Navy and Air Force, whose financial figures are not part of the Equity in Athletics study, only 17 of the 51 made a profit.
Utah, which recently accepted a bid to leave the Mountain West for the Pac-10 Conference, had the greatest net profit at $6.54 million, which ranks 49th among all 120 FBS schools. Utah, however, was the exception among non-automatic qualifying BCS schools, as 34 of the 51 either showed no profit or lost money.
On Thursday, FanHouse's series on finances in college athletics concludes with a report on which athletic departments generated the most revenue and how a bigger budget greatly increases a school's chance to reach the NCAA men's basketball tournament.
Charts below show the 66 automatic-qualifying BCS schools and net revenue for each football program, along with the 17 non-automatic qualifying BCS football programs that made a profit. Also included is a breakdown of the automatic qualifying BCS schools by conference.
*All dollar figures are in millions
|4||Penn State||$42.63||Big Ten|
|10||Ohio State||$35.89||Big Ten|
|13||Michigan State||$27.64||Big Ten|
|14||Texas A&M||$22.29||Big 12|
|25||Oklahoma State||$14.04||Big 12|
|28||West Virginia||$13.05||Big East|
|33||Texas Tech||$9.62||Big 12|
|46||Kansas State||$7.36||Big 12|
|47||Iowa State||$6.86||Big 12|
|55||South Florida||$3.79||Big East|
Non-BCS Football Programs That Turned a Profit
|8||San Diego State||$2.07||MWC|
|13||Florida International||$0.59||Sun Belt|
Breakdown of net revenue for each football program by BCS conference:
Contact FanHouse senior writer Brett McMurphy at firstname.lastname@example.org or please follow on Twitter @BrettmcmurphY