Oklahoma athletics are making a profit.
USA Today Sports reported on the 2015-16 finances for NCAA Division I programs and OU athletics was ranked at No. 6 in revenue.
Oklahoma earned $150,373,216 in total revenue that year, up from $134,269,349 the previous year. OU’s expenses were $127.4 million.
The biggest increase was in contributions. From 2015 to 2016, OU gained $14.5 million in contributions, bringing the 2016 total to $46.6 million. The increase was likely due by the fundraising for the renovations to the south end zone of Oklahoma Memorial Stadium.
OU’s total expenses increased from 2015 to 2016, rising by nearly $4.3 million. The gain wasn’t as large as it was from 2014 to 2015, when expenses jumped by almost $10 million.
Texas’ athletics checked in with the second-highest revenue in the country and first in the Big 12, with $187.9 million. The Longhorns also had the most expenses in the conference — and the NCAA — at $171.4 million. West Virginia was third in the conference with revenues of $105.1 million.
Texas A&M athletics topped the list, bringing in $194.4 million. Ohio State, Alabama and Michigan rounded out the rest of the top-5.
Oklahoma State was at No. 37 nationally in revenue with $93,672,676, down about $2.2 million from a year ago. Its total expenses were $92,926,534, also drop of $217,862 from 2015.
OSU was the Big 12’s fourth-leading earner, just ahead of Kansas ($90,658,829).