In fiscal year 2025, Pennsylvania State University (PSU)'s Ice Hockey program reported $12.7M in revenue and $19.5M in expenses, for a net deficit of $6.8M. The program generated $12.7M in total revenue, led by Football Bowl Revenues at $6.3M. Among the 11 FBS programs reporting Ice Hockey data, Pennsylvania State University ranks 1st overall in total expenses (1st of 6 Power Four programs) — above the FBS average of $7.4M. Pennsylvania State University competes in the Big Ten; financial data is available from FY2017 through FY2025.
| Category | Amount |
|---|---|
| Football Bowl Revenues | $6,342,137 |
| Ticket Sales | $2,296,407 |
| Athletics Restricted Endowment and Investments Income | $2,121,868 |
| Contributions | $1,716,396 |
| NCAA Distributions | $108,762 |
| Program, Novelty, Parking and Concession Sales | $82,870 |
| Sports Camp Revenues | $68,275 |
| Other Operating Revenue | $1,940 |
| Category | Amount |
|---|---|
| Football Bowl Expenses - Coaching Compensation/Bonuses | $11,986,886 |
| Athletic Student Aid | $2,505,348 |
| Other Operating Expenses | $2,392,217 |
| Team Travel | $1,121,256 |
| Game Expenses | $474,125 |
| Sports Equipment, Uniforms and Supplies | $406,196 |
| Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities | $178,313 |
| Recruiting | $165,559 |
| Student-Athlete Meals (non-travel) | $141,665 |
| Guarantees | $65,000 |
| Memberships and Dues | $26,100 |
| Sports Camp Expenses | $20,032 |
| Direct Overhead and Administrative Expenses | $6,835 |
| Fund Raising, Marketing and Promotion | $2,627 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $12,738,655 | $19,492,159 | -$6.8M |
| FY2024 | $11,077,197 | $14,399,404 | -$3.3M |
| FY2023 | $5,707,939 | $5,556,180 | +$152K |
| FY2022 | $5,677,057 | $5,256,816 | +$420K |
| FY2021 | $3,597,049 | $4,041,357 | -$444K |
| FY2020 | $6,347,911 | $4,900,507 | +$1.4M |
The ice hockey program operated at a $6.8M deficit in FY2025, with $19.5M in expenses far outpacing $12.7M in revenue — ranking first in spending among all 11 FBS ice hockey programs, including all six Power Four counterparts, at more than 2.6 times the FBS average of $7.4M. Coaching compensation and bonuses alone accounted for $12.0M of those expenses, driving a dramatic spending surge that saw program costs nearly quadruple from $5.3M in FY2022 to $19.5M in FY2025. Notably, $6.3M of the program's
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