In fiscal year 2025, University of Toledo's Football program reported $3.9M in revenue and $13.0M in expenses, for a net deficit of $9.1M. The program generated $3.9M in total revenue, led by Guarantees at $1.8M. Among the 78 FBS programs reporting Football data, University of Toledo ranks 63rd overall in total expenses (21st of 36 Group of Five programs) — below the FBS average of $36.5M. University of Toledo competes in the MAC; financial data is available from FY2011 through FY2025.
| Category | Amount |
|---|---|
| Guarantees | $1,775,000 |
| Ticket Sales | $1,140,782 |
| Football Bowl Revenues | $437,775 |
| Direct Institutional Support | $258,712 |
| Sports Camp Revenues | $126,334 |
| Contributions | $89,966 |
| Program, Novelty, Parking and Concession Sales | $45,572 |
| Other Operating Revenue | $13,147 |
| Category | Amount |
|---|---|
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $4,152,790 |
| Athletic Student Aid | $4,033,866 |
| Game Expenses | $1,051,255 |
| Guarantees | $750,000 |
| Team Travel | $613,964 |
| Sports Equipment, Uniforms and Supplies | $610,486 |
| Recruiting | $453,748 |
| Football Bowl Expenses | $453,511 |
| Student-Athlete Meals (non-travel) | $431,840 |
| Other Operating Expenses | $304,987 |
| Sports Camp Expenses | $78,608 |
| Football Bowl Expenses - Coaching Compensation/Bonuses | $71,550 |
| Medical Expenses and Insurance | $12,011 |
| Direct Overhead and Administrative Expenses | $2,500 |
| Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities | $2,416 |
| Memberships and Dues | $850 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $3,887,288 | $13,024,382 | -$9.1M |
| FY2024 | $3,179,339 | $12,139,587 | -$9.0M |
| FY2023 | $4,216,892 | $11,776,278 | -$7.6M |
| FY2022 | $3,685,327 | $10,959,679 | -$7.3M |
| FY2021 | $643,475 | $8,181,216 | -$7.5M |
| FY2020 | $3,187,838 | $9,966,203 | -$6.8M |
The football program operates at a $9.1M deficit, generating $3.9M in revenue—largely from $1.8M in game guarantees—against $13.0M in expenses, ranking 63rd among 78 FBS programs in spending and well below the FBS average of $36.5M. Coaching salaries, benefits, and bonuses represent the program's single largest cost at $4.2M, accounting for roughly a third of total expenditures. Program costs have risen steadily over recent years, climbing from $8.2M in FY2021 to $13.0M in FY2025, a nearly 59% increase over that five-
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