{"id":444301,"date":"2024-01-21T18:03:37","date_gmt":"2024-01-21T18:03:37","guid":{"rendered":"https:\/\/yebscore.com\/news\/?p=444301"},"modified":"2024-01-21T18:03:37","modified_gmt":"2024-01-21T18:03:37","slug":"lsu-tigers-generates-a-huge-revenue-makes-it-to-200-million-club","status":"publish","type":"post","link":"https:\/\/yebscore.com\/news\/lsu-tigers-generates-a-huge-revenue-makes-it-to-200-million-club\/","title":{"rendered":"LSU Tigers Generates A Huge Revenue, Makes It To $200 Million Club"},"content":{"rendered":"<p>The athletic department&#8217;s annual income and costs report, which was submitted to the NCAA on Monday, shows that although LSU sports&#8217; revenue for the 2023 fiscal year decreased somewhat from the year before, it still came out ahead.<\/p>\n<h2>LSU Tigers Generates A Huge Revenue, Makes It To $200 Million Club<\/h2>\n<p>As to the report, LSU&#8217;s profit for the fiscal year 2023 was $1.36 million, indicating a decline of less than $600,000 from the fiscal year 2022. The fiscal year of the institution is July 1, 2022\u2013June 30, 2023.<\/p>\n<p>In 2023, LSU&#8217;s overall operating revenue exceeded $200 million for the first time. The university&#8217;s ticket sales increased by more than $4 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Financial findings: LSU football revenue hit $105.7 million during 2022 season <a href=\"https:\/\/t.co\/IYJ7cFDnCM\">https:\/\/t.co\/IYJ7cFDnCM<\/a><\/p>\n<p>&mdash; The Advocate (@theadvocatebr) <a href=\"https:\/\/twitter.com\/theadvocatebr\/status\/1748352230032335312?ref_src=twsrc%5Etfw\">January 19, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Operating revenue for LSU reached a record $200,476,979; this is the first time in the school&#8217;s history that revenue has exceeded $200 million.<\/p>\n<p>Only Ohio State, Texas, Alabama, Michigan, and Georgia&#8217;s college sports departments were part of the $200 million revenue club in the prior fiscal year (2022). Fewer schools have reached this milestone.<\/p>\n<p>Examine the top sports at LSU that brought in money in FY2023 (as opposed to FY2022):<\/p>\n<ul>\n<li><b>Football: <\/b>$105.7 million (up $10.6M)<\/li>\n<li><b>Men\u2019s basketball:<\/b> $12 million (up $507K)<\/li>\n<li><b>Baseball:<\/b> $8.6 million (up $2.6M)<\/li>\n<li><b>Women\u2019s basketball: <\/b>$2.5 million (up $720K)<\/li>\n<li><b>Gymnastics: <\/b>$730,641 (up $91K)<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">LSU Football Sets New Revenue Record with $105.7 Million in 2022<a href=\"https:\/\/twitter.com\/hashtag\/LSU?src=hash&amp;ref_src=twsrc%5Etfw\">#LSU<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Sports?src=hash&amp;ref_src=twsrc%5Etfw\">#Sports<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Revenue?src=hash&amp;ref_src=twsrc%5Etfw\">#Revenue<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/LSUFootball?src=hash&amp;ref_src=twsrc%5Etfw\">#LSUFootball<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/RecordRevenue?src=hash&amp;ref_src=twsrc%5Etfw\">#RecordRevenue<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/SportsEconomy?src=hash&amp;ref_src=twsrc%5Etfw\">#SportsEconomy<\/a> <a href=\"https:\/\/t.co\/q1e6Wif5ko\">https:\/\/t.co\/q1e6Wif5ko<\/a><\/p>\n<p>&mdash; Salman Khan (@BNN_Salman) <a href=\"https:\/\/twitter.com\/BNN_Salman\/status\/1748407888266113443?ref_src=twsrc%5Etfw\">January 19, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Tickets sales account for a large portion of LSU sports&#8217; revenue; in the 2022\u20132023 season, tickets sold for $51 million, an increase of $4.4 million over the previous reporting year.<\/p>\n<ul>\n<li><b>Football:<\/b> $40.7 million (up $2.3M)<\/li>\n<li><b>Baseball: <\/b>$3.5 million (up $662K)<\/li>\n<li><b>Men\u2019s basketball: <\/b>$2.4 million (down $298K)<\/li>\n<li><b>Women\u2019s basketball:<\/b> $973,880 (up $107K)<\/li>\n<li><b>Gymnastics: <\/b>$500,518 (up $86K)<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">LSU Tigers join rare $200 million club per NCAA report &#8212;&gt; Here are the key takeaways regarding football, baseball, gymnastics, and men\u2019s and women\u2019s basketball. <a href=\"https:\/\/twitter.com\/hashtag\/GeauxTigers?src=hash&amp;ref_src=twsrc%5Etfw\">#GeauxTigers<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ForeverLSU?src=hash&amp;ref_src=twsrc%5Etfw\">#ForeverLSU<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BootUp?src=hash&amp;ref_src=twsrc%5Etfw\">#BootUp<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/NCAA?src=hash&amp;ref_src=twsrc%5Etfw\">#NCAA<\/a> <a href=\"https:\/\/t.co\/HKZlSkcIdZ\">https:\/\/t.co\/HKZlSkcIdZ<\/a><\/p>\n<p>&mdash; Zaakirah Mujid (@zaakirah232) <a href=\"https:\/\/twitter.com\/zaakirah232\/status\/1748117255093723330?ref_src=twsrc%5Etfw\">January 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>LSU\u2019S expenses<\/strong><\/p>\n<p>LSU programs with the highest expenses in FY2023 (compared to FY2022):<\/p>\n<ul>\n<li><b>Football:<\/b> $51.6 million (down $7.8M)<\/li>\n<li><b>Men\u2019s basketball: <\/b>$10.7 million (up $838K)<\/li>\n<li><b>Women\u2019s basketball: <\/b>$10.3 million (up $1.9M)<\/li>\n<li><b>Baseball: <\/b>$8.7 million (up $2.7M)<\/li>\n<li><b>Gymnastics:<\/b> $3.1 million (up $442K)<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The 2019 LSU Tigers were on a different level \ud83d\udc2f <a href=\"https:\/\/t.co\/l6R5w2dWEi\">pic.twitter.com\/l6R5w2dWEi<\/a><\/p>\n<p>&mdash; Football Is Life (@FootbaIl_Tweets) <a href=\"https:\/\/twitter.com\/FootbaIl_Tweets\/status\/1748495118137458918?ref_src=twsrc%5Etfw\">January 19, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In FY2023, the LSU Tigers&#8217; athletic department earned a profit of $1,365,981. By contrast, its FY2022 earnings came in at $6.5 million.<\/p>\n<p>The LSU football team earned $54.1 million in revenue overall in FY2023, while the men&#8217;s basketball team brought in $1.3 million. However, none of the sports made money: women&#8217;s basketball lost an incredible $7.8 million, baseball lost $66K, and gymnastics lost $2.4 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 BREAKING \ud83d\udea8 LSU offensive tackle transfer Lance Heard officially announces his commitment to Tennessee.<\/p>\n<p>It\u2019s a huge pickup for the <a href=\"https:\/\/twitter.com\/hashtag\/Vols?src=hash&amp;ref_src=twsrc%5Etfw\">#Vols<\/a> \u2014 the former 5\ufe0f\u20e3\u2b50\ufe0f is the No. 18 overall player and No. 3 OT in the portal per <a href=\"https:\/\/twitter.com\/247Sports?ref_src=twsrc%5Etfw\">@247Sports<\/a>.<\/p>\n<p>\u27a1\ufe0f <a href=\"https:\/\/t.co\/O1LvELfiuS\">https:\/\/t.co\/O1LvELfiuS<\/a> via <a href=\"https:\/\/twitter.com\/RyanCallahan247?ref_src=twsrc%5Etfw\">@RyanCallahan247<\/a> <a href=\"https:\/\/t.co\/JhaXxsuE0f\">pic.twitter.com\/JhaXxsuE0f<\/a><\/p>\n<p>&mdash; GoVols247 (@GoVols247) <a href=\"https:\/\/twitter.com\/GoVols247\/status\/1749119505316421669?ref_src=twsrc%5Etfw\">January 21, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Even though the athletic department&#8217;s coaching salaries, severance payments, and what is classified as &#8220;other operating expenses&#8221; all decreased from 2022 to 2023, its spending in 2023 came in at just under $200 million, or $199.1 million, an increase of $6,4 million from 2022.<\/p>\n<p>In 2023, LSU increased their recruiting expenditures for football by 100% to almost $1.9 million, from $742,713 in the previous year. However, a common feature throughout all 12 sponsored sports was an increase in recruitment expenditures, with the institution spending more in this area than it did in 2022.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">It\u2019s 2024 and LSU brings home another national championship, via the dance team. It\u2019s great to be an LSU Tiger!! <a href=\"https:\/\/t.co\/DZ4g7MkL9T\">pic.twitter.com\/DZ4g7MkL9T<\/a><\/p>\n<p>&mdash; Hailey Van Sith Szn (@BurreauxRouge) <a href=\"https:\/\/twitter.com\/BurreauxRouge\/status\/1747092047792582816?ref_src=twsrc%5Etfw\">January 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p><strong>FOR MORE SPORTS COVERAGE-\u00a0<\/strong><\/p>\n<p><a title=\"Brother Of Stefon Diggs Sued Over Alleged Violent Elevator Attack\u00a0\" href=\"https:\/\/yebscore.com\/news\/brother-of-stefon-diggs-sued-over-alleged-violent-elevator-attack\/\" rel=\"bookmark\">Brother Of Stefon Diggs Sued Over Alleged Violent Elevator Attack\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The athletic department&#8217;s annual income and costs report, which was submitted to the NCAA on Monday, shows that although LSU sports&#8217; revenue for the 2023 fiscal year decreased somewhat from the year before, it still came out ahead. LSU Tigers Generates A Huge Revenue, Makes It To $200 Million Club As to the report, LSU&#8217;s [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":444302,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[258],"tags":[3549,21568,21569],"class_list":["post-444301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nccaf","tag-college-football-news","tag-lsu-tigers-200-million","tag-lsu-tigers-revenue"],"acf":[],"_links":{"self":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/posts\/444301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/comments?post=444301"}],"version-history":[{"count":0,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/posts\/444301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/media\/444302"}],"wp:attachment":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/media?parent=444301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/categories?post=444301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/tags?post=444301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}