Breaking news Steve Sarkisian’s Texas Receives $332M News Despite Nearly Doubling Head Coach’s Salary The University of Texas has reported a record-breaking $332 million in athletic revenue for the 2024 fiscal year, becoming the first Division I public school to surpass $300 million in both revenue and expenses. This milestone comes as head football coach Steve Sarkisian secures a lucrative contract extension, nearly doubling his salary. Sarkisian, who led the Longhorns to back-to-back College Football Playoff appearances, signed a seven-year deal worth $10.6 million annually. The university’s soaring financial success reflects its football program’s resurgence, strategic investments, and increasing national prominence as Texas prepares for its transition to the Southeastern Conference (SEC) and ……..
The University of Texas has achieved a historic milestone by reporting a record-breaking $331.9 million in athletic revenue for the 2024 fiscal year, becoming the first Division I public school to surpass $300 million in both revenue and expenses. This financial success coincides with a lucrative contract extension for head football coach Steve Sarkisian, whose leadership has been instrumental in the Longhorns’ resurgence.
Record-Breaking Financial Performance
In the 2024 fiscal year, Texas athletics reported $331.9 million in operating revenue and $325 million in operating expenses, resulting in a surplus of approximately $6.9 million. This marks the first time since the NCAA began its current reporting system in 2005 that a Division I school has exceeded $300 million in both revenue and expenses in the same year. The only comparable figure was the University of Oregon’s 2020 revenue, which included a substantial $270 million donation for stadium renovations.
