In fiscal year 2025, Michigan State University (MSU)'s Soccer program reported $853K in revenue and $4.3M in expenses, for a net deficit of $3.5M. The largest revenue source was Sports Camp Revenues at $401K. Among the 78 FBS programs reporting Soccer data, Michigan State University ranks 15th overall in total expenses (14th of 42 Power Four programs) — above the FBS average of $2.9M. Michigan State University competes in the Big Ten; financial data is available from FY2017 through FY2025.
| Category | Amount |
|---|---|
| Sports Camp Revenues | $400,913 |
| Contributions | $260,835 |
| Ticket Sales | $66,264 |
| NCAA Distributions | $55,680 |
| Athletics Restricted Endowment and Investments Income | $27,597 |
| Other Operating Revenue | $26,874 |
| Program, Novelty, Parking and Concession Sales | $9,910 |
| Guarantees | $2,500 |
| Royalties, Licensing, Advertisement and Sponsorships | $1,584 |
| In-Kind | $1,233 |
| Category | Amount |
|---|---|
| Athletic Student Aid | $1,331,630 |
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $1,311,964 |
| Team Travel | $485,745 |
| Enhanced Educational Benefits (Alston or other) | $224,000 |
| Sports Equipment, Uniforms and Supplies | $212,011 |
| Recruiting | $130,810 |
| Sports Camp Expenses | $107,494 |
| Game Expenses | $89,749 |
| NCAA Post-Season Non-Football Expenses | $86,538 |
| Student-Athlete Meals (non-travel) | $70,761 |
| Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities | $63,267 |
| Other Operating Expenses | $60,656 |
| NCAA Post-Season Non-Football Expenses - Coaching Compensation/Bonuses | $33,512 |
| Guarantees | $32,500 |
| Fund Raising, Marketing and Promotion | $27,265 |
| Direct Overhead and Administrative Expenses | $14,515 |
| Medical Expenses and Insurance | $9,311 |
| NCAA Non-Football Host Expense Settlements | $8,352 |
| Facilities Maintenance and Operations | $2,444 |
| Memberships and Dues | $990 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $853,390 | $4,303,514 | -$3.5M |
| FY2024 | $858,726 | $4,618,104 | -$3.8M |
| FY2023 | $852,544 | $3,841,128 | -$3.0M |
| FY2022 | $832,404 | $2,714,101 | -$1.9M |
| FY2021 | $271,537 | $2,213,206 | -$1.9M |
| FY2020 | $646,117 | $2,828,191 | -$2.2M |
Michigan State's soccer program operated at a $3.5 million deficit in FY2025, with $4.3 million in expenses dwarfing $853K in revenue — the largest source of which was Sports Camp Revenues at $401K. At $4.3 million, the Spartans' soccer expenses rank 15th among 78 FBS programs and 14th among 41 Power Four schools, sitting well above the FBS average of $2.9 million. Program expenses have risen sharply over the past four years, nearly doubling from $2.2 million in FY2021 to a peak of $4.6 million in FY2
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