In fiscal year 2025, Michigan State University (MSU)'s Men's Basketball program reported $29.2M in revenue and $21.0M in expenses, for a net surplus of $8.2M. The program generated $29.2M in total revenue, led by Media Rights at $9.5M. Among the 78 FBS programs reporting Men's Basketball data, Michigan State University ranks 6th overall in total expenses (5th of 42 Power Four programs) — above the FBS average of $10.2M. Michigan State University competes in the Big Ten; financial data is available from FY2017 through FY2025.
| Category | Amount |
|---|---|
| Media Rights | $9,450,001 |
| Ticket Sales | $9,415,334 |
| Contributions | $4,210,402 |
| NCAA Distributions | $3,862,122 |
| Program, Novelty, Parking and Concession Sales | $547,718 |
| Athletics Restricted Endowment and Investments Income | $538,740 |
| Guarantees | $475,000 |
| Sports Camp Revenues | $251,842 |
| Royalties, Licensing, Advertisement and Sponsorships | $214,320 |
| In-Kind | $177,295 |
| Other Operating Revenue | $92,291 |
| Direct Institutional Support | $701 |
| Category | Amount |
|---|---|
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $8,906,376 |
| Team Travel | $3,399,974 |
| Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities | $1,325,900 |
| Game Expenses | $1,279,302 |
| Other Operating Expenses | $1,124,011 |
| NCAA Post-Season Non-Football Expenses | $1,072,586 |
| Athletic Student Aid | $937,416 |
| Guarantees | $660,000 |
| NCAA Post-Season Non-Football Expenses - Coaching Compensation/Bonuses | $397,600 |
| Direct Overhead and Administrative Expenses | $397,520 |
| Sports Equipment, Uniforms and Supplies | $353,116 |
| Recruiting | $277,383 |
| Athletic Facilities Debt Service, Leases and Rental Fee | $244,637 |
| Sports Camp Expenses | $188,641 |
| Student-Athlete Meals (non-travel) | $165,090 |
| Fund Raising, Marketing and Promotion | $112,660 |
| Enhanced Educational Benefits (Alston or other) | $63,245 |
| Facilities Maintenance and Operations | $47,209 |
| Spirit Groups | $32,764 |
| Medical Expenses and Insurance | $24,091 |
| Memberships and Dues | $455 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $29,235,766 | $21,009,976 | +$8.2M |
| FY2024 | $25,563,946 | $17,586,008 | +$8.0M |
| FY2023 | $24,891,251 | $17,343,858 | +$7.5M |
| FY2022 | $27,451,566 | $17,849,946 | +$9.6M |
| FY2021 | $12,894,149 | $9,606,097 | +$3.3M |
| FY2020 | $22,875,476 | $15,400,339 | +$7.5M |
The program generated $29.2M in revenue against $21.0M in expenses in FY2025, producing an $8.2M surplus with media rights ($9.5M) and coaching salaries ($8.9M) serving as the largest revenue source and expense, respectively. At $21.0M, the program ranks 6th among 78 FBS programs and 5th among 41 Power Four schools by expenses, spending more than double the FBS average of $10.2M. Expenses have risen sharply in recent years, climbing from $17.6M in FY2024 to $21.0M in FY2025, a notable jump after
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