It wasn't a guess it was a fact, A&M did lead the nation in revenue and was the first school to take in over $190MM. Now the following year Texas and A&M both have eclipsed the $200 MM mark and they look to flip spots, depending if no other school jumps them

quote:
Texas A&M's athletic department reported more than $211 million in revenue for its fiscal year that ends in August, according to its annual report submitted to the NCAA. The document, which was obtained through an open records request, shows the Aggies saw a revenue jump of a little more than $17.5 million from when it led the country in revenue in 2016.

The Aggies won't be claiming that title this year. Texas, which finished second behind A&M last year, reportedly generated more than $215 million during its 2017 fiscal year.

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Posted by Smart Post

Member since Feb 2018

3539 posts

Posted on 6/23/18 at 2:48 pm to TigerintheNO

quote:
While the report shows Texas A&M with about $147 million in operating expenses for 2017 — an apparent annual surplus of more than $65 million — it also shows the school with just under $67 million in athletics-related capital expenditures during the year. When schools borrow money to build or refurbish athletics facilities, the NCAA currently requires them to count annual debt service payments — the amount of principal and interest they repay in a given year — as an operational expense. Cash spending on facilities is supposed to be counted, and reported, separately from annual operating expenses.

As a result, contributions to Texas A&M’s athletics program that were made in 2017 and spent on facilities projects that year are being reported as operating revenue while most of the corresponding spending on those projects is not being reported as an annual operating expense.

Texas A&M athletics department’s chief financial officer, Jeff Toole, told USA TODAY Sports that when the facilities-related contributions are removed from consideration for 2017, “we are basically break-even, maybe a little less than break-even, for the year.”

Anybody remember Aggies bragging about their huge profits? LOL.

They were really $2 million in the red in 2017. And they still haven't repaid a multimillion dollar loan from the academic side. The academicians are pissed that they are blowing every penny while stiffing their creditors.

Hence, they will soon move to the Big 10 to continue leeching off others.

This post was edited on 6/23/18 at 2:55 pm

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Posted by RD Dawg

Atlanta

Member since Sep 2012

27305 posts

Posted on 6/23/18 at 3:43 pm to TigerintheNO

quote:
It wasn't a guess it was a fact,

This is what you stated

quote:
A&M in #1 in the nation in revenue,

You said NOTHING about 2016 so you were in fact incorrect.

So if I say college X led the country in revenue I can arbitrarily pick the year to back up my statement??