COLUMBIA, Mo. – Missouri athletics isn’t back in black, but it’s closer than it was last year.
The athletic department operated at a deficit for the 2018 fiscal year, according to a report made public Wednesday. Missouri athletics reported revenues of $107,351,581 (up 9.71 percent from last year) and expenses of $109,158,522 (up 6.59 percent from last year).
It’s the second straight year the department has failed to turn a profit. The report released Wednesday was for the 2018 fiscal year, which spans from July 1, 2017, to June 30, 2018.
Much of the revenue from the report comes from Tigers’ 2017 football season, when Missouri went 7-6 and made a trip to the Texas Bowl, and the 2017-18 men’s basketball season, in which the signings of Michael and Jontay Porter along with the hiring of Cuonzo Martin sparked a wave of new ticket sales.
Missouri made $9,503,386 more in 2018 than the year before. The biggest gains were made in contributions (up $3,271,559, or 14.63 percent), media rights (up $1,392,759, or 67.42 percent) and “other revenue,” or uncategorized funds (up $840,824, or 38.82 percent). Missouri also saw a 60.8 percent increase in guarantees from playing games on the road, a positive difference of $152,000 from last year.
Contributions are up 44.78 percent from 2016, athletic director Jim Sterk’s first year in Columbia.
However, the Tigers saw revenues for ticket sales decrease 2.23 percent for a loss of $401,710.
That comes in spite of a big increase in men’s and women’s basketball ticket sales. Missouri took in a total of $5,145,857 for men’s basketball tickets, a 69.51 percent increase from 2016-17. It brought in a total of $231,805 for women’s basketball tickets, a 62.92 percent increase.
The Tigers saw a significant drop in ticket sales that were not allocated to a certain sport, which fell 60.03 percent for a loss of $2,142,351 compared to 2017.
The football team’s 2017 season also saw a drop in ticket sales. It took in a total of $10,557,340, a 4.45 percent drop from the year before.
Missouri’s expenses climbed $6,749,391 from last year, or 6.59 percent.
The biggest line items on the debit side were coaching and staff salaries and a category called “direct overhead.” Direct overhead includes expenses for administrative fees charged by the institution, facilities maintenance, security, risk management, utilities, equipment repair and telephone.
Missouri spent $19,689,886 million on coaching salaries, down 6.72 percent from the year before. It spent $22,145,769 million on staff salaries (up 6.47 percent) and $17,418,105 on direct overhead (up 18.88 percent). Missouri has spent $32,070,009 on direct overhead in the last two years — the category does not cover direct construction costs, but has still climbed for associated costs with the new softball stadium and south end zone renovation.
Missouri’s biggest increases in expenses came from equipment and uniforms, where it spent $2,571,208 (up 70.84 percent); and on memberships and dues, where it spent $139,946 (up 87.66 percent).
The Tigers’ trip to the Texas Bowl ended up costing Missouri more than it got. Its reported bowl revenues were $1,389,245, but its bowl expenses (including the bonuses it paid coaches for making it to a bowl) were $1,724,594.