In fiscal year 2025, University of Minnesota's Ice Hockey program reported $10.8M in revenue and $10.7M in expenses, for a net surplus of $117K. The program generated $10.8M in total revenue, led by Ticket Sales at $4.1M. Among the 11 FBS programs reporting Ice Hockey data, University of Minnesota ranks 2nd overall in total expenses (2nd of 6 Power Four programs) — above the FBS average of $7.4M. University of Minnesota competes in the Big Ten; financial data is available from FY2018 through FY2025.
| Category | Amount |
|---|---|
| Ticket Sales | $4,088,968 |
| Royalties, Licensing, Advertisement and Sponsorships | $3,261,905 |
| Program, Novelty, Parking and Concession Sales | $1,330,443 |
| Contributions | $1,311,360 |
| NCAA Distributions | $349,356 |
| Athletics Restricted Endowment and Investments Income | $205,534 |
| Conference Distributions of Football Bowl Generated Revenue | $194,849 |
| Guarantees | $40,000 |
| Other Operating Revenue | $5,969 |
| Category | Amount |
|---|---|
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $2,270,849 |
| Facilities Maintenance and Operations | $2,193,791 |
| Athletic Student Aid | $1,799,320 |
| Team Travel | $1,079,634 |
| Fund Raising, Marketing and Promotion | $595,839 |
| Game Expenses | $521,828 |
| Sports Equipment, Uniforms and Supplies | $500,897 |
| Student-Athlete Meals (non-travel) | $296,379 |
| Enhanced Educational Benefits (Alston or other) | $289,844 |
| Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities | $230,543 |
| NCAA Post-Season Non-Football Expenses - Coaching Compensation/Bonuses | $230,373 |
| Direct Overhead and Administrative Expenses | $201,432 |
| Recruiting | $112,656 |
| NCAA Non-Football Host Expense Settlements | $103,008 |
| Other Operating Expenses | $82,439 |
| NCAA Post-Season Non-Football Expenses | $80,202 |
| Guarantees | $77,500 |
| Spirit Groups | $3,178 |
| Memberships and Dues | $1,400 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $10,788,384 | $10,671,112 | +$117K |
| FY2024 | $8,642,984 | $9,624,530 | -$982K |
| FY2023 | $6,178,273 | $9,090,884 | -$2.9M |
| FY2022 | $4,861,288 | $8,499,818 | -$3.6M |
| FY2021 | $770,108 | $5,794,871 | -$5.0M |
| FY2020 | $5,121,140 | $7,740,616 | -$2.6M |
Ticket sales drove $4.1M of the program's $10.8M in FY2025 revenue, helping generate a modest $117K surplus despite $10.7M in expenses that rank 2nd among all 11 FBS ice hockey programs and nearly $3.3M above the FBS average. Coaching salaries, benefits, and bonuses represented the program's single largest cost at $2.3M, reflecting the investment required to compete at the sport's highest level. Expenses have climbed steadily from $8.5M in FY2022 to $10.7M in FY2025, a trajectory that will require continued revenue growth to maintain financial balance
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