ATHENS — Georgia was the second-richest Power Five college football program among 65 schools according to a PennLive.com report chronicling July 1, 2017 to June 30, 2018.
Texas came in at No. 1 at $143.1 million of gross revenue, Georgia was No. 2 at $129 million with Michigan ($124.9 million), Alabama ($111.1 million) and Ohio State ($110.7 million) rounding out the top five.
The balances are based on subtracting football expenses from gross revenue.
It’s worth noting there are several financial reports on schools’ athletics programs that take different data into account.
PennLive.com used the EADA report, a fiscal year analysis which is provided by the U.S. Department of Education.
That report uses different information and provides different metrics than the NCAA Financial Institutional Report, which is most recognized.
The author, former FWAA President Dave Jones, pens that “If you had to name the epicenter urban locale of college football, it’s probably Atlanta.”
And, “If you had to name a state, probably GA. Everyone in the vicinity got very excited about the Dawgs to the tune of an $84.1M profit.”
Jones notes Georgia over up five spots from the 2016-17 list.
Here are the Top 10, per the EADA report:
(1) Texas $143.1 million of gross revenue
(2) Georgia $129 million
(3) Michigan $124.9 million
(4) Alabama $111.1 million
(5) Ohio State $110.7 million
(6) Notre Dame $107.4 million
(7) Oklahoma $102.3 million
(8) Penn State $100.1 million
(9) Tennessee $93.9 million
(10) Auburn $93.6 million