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The US Department of Education requires mandatory annual financial reports on gross and net income figures for each Power-5 program. And for the second fiscal year (7/1/18 to 6/30/19), the University of Georgia finished behind only Texas with gross income of $ 123.1 million.
This Georgia football drill saw a record (11-3) and trip to the SEC Championship game and a possible disappointment at the Sugar Bowl.
It’s easy to see why the University of Georgia ranks at the top of the SEC year after year when it comes to gross program revenue. Proximity to one of Atlanta’s biggest economic centers, combined with a power gap between Georgia and the state’s next schedule in a football-thirsty environment is an equation for success.
Although they probably won’t hit the $ 73.9 million in the next fiscal year due to the $ 80 million expansion of football facilities in Georgia. However, as we have pointed out, private contributions should cover 50% of the expenses.
Here’s how the rest of the SEC fared against Georgia:
- Georgia: $ 123.1 million
- Auburn: $ 95.2 million
- Alabama: $ 94.6 million
- LSU: $ 92.0M
- Tennessee: $ 91.0 million
- Florida: $ 84.8 million
- Arkansas: $ 76.5 million
- Texas A&M: $ 73.5 million
- South Carolina: $ 65.0 million
- Ole Miss: $ 48.2 million
- Kentucky: $ 41.4 million
- Missouri: $ 38.5 million
- Miss St.: $ 38.0 million
- Vanderbilt: $ 32.1 million
* Data from pennlive.com and the US Department of Education
A few things stand out from this list. Obviously, there is a substantial gap between Georgia in terms of gross income and the next wave of SEC schools. In fact, the $ 27.9 million gap between Georgia and Auburn is larger than the gap between Auburn and the 8th-ranked program at Texas A&M.
The other thing to note is the fact that Arkansas, after one season (4-8) in 2017, made $ 76.5 million after one season (2-10) in 2018. Now awarded, a large percentage of this is the TV network money. and SEC distribution, but they fall under the financial realm of programs like Florida and Texas A&M.
These programs are economic engines and, in some cases, constitute the largest enterprise in the state. So the potential for a lost or suspended season is something that programs fear considerably. And with the Olympic committee choosing to postpone the 2020 Olympics due to the coronavirus pandemic, it’s safe to assume college football could be in danger soon.
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