In fiscal year 2025, Michigan State University (MSU)'s Golf program reported $2.0M in revenue and $3.8M in expenses, for a net deficit of $1.8M. The program generated $2.0M in total revenue, led by Contributions at $1.4M. Among the 76 FBS programs reporting Golf data, Michigan State University ranks 5th overall in total expenses (4th of 42 Power Four programs) — above the FBS average of $2.0M. Michigan State University competes in the Big Ten; financial data is available from FY2017 through FY2025.
| Category | Amount |
|---|---|
| Contributions | $1,390,430 |
| Athletics Restricted Endowment and Investments Income | $365,723 |
| Other Operating Revenue | $194,226 |
| In-Kind | $33,874 |
| NCAA Distributions | $17,624 |
| Sports Camp Revenues | $2,400 |
| Category | Amount |
|---|---|
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $803,272 |
| Other Operating Expenses | $682,969 |
| Athletic Student Aid | $668,484 |
| Team Travel | $470,823 |
| Sports Equipment, Uniforms and Supplies | $408,580 |
| Facilities Maintenance and Operations | $105,739 |
| NCAA Post-Season Non-Football Expenses | $100,781 |
| Fund Raising, Marketing and Promotion | $87,396 |
| Enhanced Educational Benefits (Alston or other) | $76,000 |
| Recruiting | $60,015 |
| Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities | $56,114 |
| NCAA Non-Football Host Expense Settlements | $55,683 |
| Game Expenses | $50,941 |
| NCAA Post-Season Non-Football Expenses - Coaching Compensation/Bonuses | $36,616 |
| Direct Overhead and Administrative Expenses | $29,185 |
| Memberships and Dues | $25,174 |
| Student-Athlete Meals (non-travel) | $20,982 |
| Medical Expenses and Insurance | $10,217 |
| Severance Payments | $8,322 |
| Athletic Facilities Debt Service, Leases and Rental Fee | $7,760 |
| Sports Camp Expenses | $896 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $2,004,277 | $3,765,949 | -$1.8M |
| FY2024 | $2,331,946 | $2,952,833 | -$621K |
| FY2023 | $1,369,229 | $3,476,802 | -$2.1M |
| FY2022 | $2,024,236 | $2,272,906 | -$249K |
| FY2021 | $1,128,583 | $1,786,053 | -$657K |
| FY2020 | $1,246,845 | $1,995,729 | -$749K |
The Spartan golf program ranks 5th among all 76 FBS programs in expenses at $3.8M in FY2025, more than double the FBS average of $2.0M, with coaching salaries, benefits, and bonuses representing the largest cost at $803K. That spending level produced a $1.8M deficit, as $2.0M in total revenue — driven primarily by $1.4M in contributions — fell well short of covering costs. Expenses have surged considerably over recent years, climbing from $1.8M in FY2021 to the current $3.8M, reflecting a significant and sustained investment in the program.
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