In fiscal year 2025, Michigan State University (MSU)'s Rowing program reported $46K in revenue and $3.3M in expenses, for a net deficit of $3.3M. Like most Power Four Rowing programs, Michigan State University generates minimal direct revenue and is funded primarily through shared athletic department revenues. Among the 25 FBS programs reporting Rowing data, Michigan State University ranks 8th overall in total expenses (8th of 19 Power Four programs) — above the FBS average of $2.8M. Michigan State University competes in the Big Ten; financial data is available from FY2017 through FY2025.
| Category | Amount |
|---|---|
| Contributions | $28,127 |
| Athletics Restricted Endowment and Investments Income | $16,596 |
| Royalties, Licensing, Advertisement and Sponsorships | $1,032 |
| Other Operating Revenue | $646 |
| Category | Amount |
|---|---|
| Athletic Student Aid | $1,409,131 |
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $530,077 |
| Team Travel | $402,311 |
| Enhanced Educational Benefits (Alston or other) | $292,000 |
| Athletic Facilities Debt Service, Leases and Rental Fee | $212,181 |
| Facilities Maintenance and Operations | $154,169 |
| Sports Equipment, Uniforms and Supplies | $131,549 |
| Direct Overhead and Administrative Expenses | $68,410 |
| Other Operating Expenses | $55,879 |
| Recruiting | $35,035 |
| Student-Athlete Meals (non-travel) | $22,930 |
| Medical Expenses and Insurance | $4,967 |
| Memberships and Dues | $1,800 |
| Fund Raising, Marketing and Promotion | $971 |
| Sports Camp Expenses | $115 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $46,401 | $3,321,525 | -$3.3M |
| FY2024 | $68,394 | $3,643,243 | -$3.6M |
| FY2023 | $88,392 | $3,042,944 | -$3.0M |
| FY2022 | $202,345 | $2,074,325 | -$1.9M |
| FY2021 | $119,746 | $1,545,687 | -$1.4M |
| FY2020 | $123,937 | $1,910,348 | -$1.8M |
The Spartan rowing program generated just $46K in FY2025 revenue — nearly all of it from contributions at $28K — against $3.3M in expenses, producing a deficit of roughly the same amount. Athletic student aid alone accounts for $1.4M of that spending, making it the program's single largest cost driver. At $3.3M in total expenses, Michigan State ranks 8th among the 25 FBS schools sponsoring rowing and sits above the FBS average of $2.8M, though costs have pulled back from a recent peak of $3.6M in FY2024.
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