In fiscal year 2025, Michigan State University (MSU)'s Women's Basketball program reported $1.8M in revenue and $7.3M in expenses, for a net deficit of $5.5M. The program generated $1.8M in total revenue, led by Contributions at $521K. Among the 78 FBS programs reporting Women's Basketball data, Michigan State University ranks 19th overall in total expenses (18th of 42 Power Four programs) — above the FBS average of $5.2M. Michigan State University competes in the Big Ten; financial data is available from FY2017 through FY2025.
| Category | Amount |
|---|---|
| Contributions | $521,010 |
| Compensation and Benefits provided by a third party | $435,000 |
| Ticket Sales | $377,596 |
| NCAA Distributions | $154,800 |
| Sports Camp Revenues | $111,318 |
| Program, Novelty, Parking and Concession Sales | $59,161 |
| Athletics Restricted Endowment and Investments Income | $58,387 |
| In-Kind | $48,849 |
| Other Operating Revenue | $7,314 |
| Direct Institutional Support | $183 |
| Category | Amount |
|---|---|
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $2,103,183 |
| Team Travel | $1,147,246 |
| Athletic Student Aid | $1,009,155 |
| Game Expenses | $643,593 |
| Severance Payments | $500,407 |
| Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities | $476,469 |
| Recruiting | $260,608 |
| Other Operating Expenses | $201,497 |
| Sports Equipment, Uniforms and Supplies | $172,081 |
| NCAA Post-Season Non-Football Expenses | $123,028 |
| Guarantees | $121,000 |
| Athletic Facilities Debt Service, Leases and Rental Fee | $97,457 |
| Student-Athlete Meals (non-travel) | $75,327 |
| Sports Camp Expenses | $65,170 |
| NCAA Post-Season Non-Football Expenses - Coaching Compensation/Bonuses | $62,768 |
| Enhanced Educational Benefits (Alston or other) | $60,000 |
| Direct Overhead and Administrative Expenses | $51,193 |
| Facilities Maintenance and Operations | $30,576 |
| Fund Raising, Marketing and Promotion | $25,232 |
| Spirit Groups | $24,043 |
| Medical Expenses and Insurance | $13,731 |
| Memberships and Dues | $1,236 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $1,773,618 | $7,265,000 | -$5.5M |
| FY2024 | $1,663,847 | $7,677,020 | -$6.0M |
| FY2023 | $1,991,822 | $6,884,818 | -$4.9M |
| FY2022 | $2,312,591 | $5,637,507 | -$3.3M |
| FY2021 | $1,625,572 | $4,357,634 | -$2.7M |
| FY2020 | $2,929,339 | $7,453,532 | -$4.5M |
The Women's Basketball program generated $1.8M in revenue in FY2025, led by $521K in contributions, while expenses of $7.3M — driven by $2.1M in coaching salaries, benefits, and bonuses — produced a $5.5M deficit. At $7.3M in total expenses, the program ranks 19th among 78 FBS programs and 18th among 41 Power Four schools, spending well above the FBS average of $5.2M. Expenses have fluctuated over the past five years, peaking at $7.7M in FY2024 before declining modestly to the current level.
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