It’s a multimillion-dollar business that continues to grow.
Records show that Indiana University’s athletic department has more than doubled its operating revenues in the past decade, eclipsing the nine-figure mark for the first time in 2017.
According to its annual financial summary submitted to the NCAA, IU reported $106,139,192 in revenue for its fiscal year running from July 2016 through June 2017.
It’s the first time the department has broken the nine-figure threshold and the 12th consecutive year that Indiana has finished in the black, according to a USA Today database that tracks NCAA finances dating to 2005. The Herald-Times obtained a copy of IU’s 2017 report through an open records request.
Indiana is among the Division I athletic departments benefitting from booming media rights agreements. Those deals stood as one of IU’s primary sources of revenue in 2017, generating $21.7 million for the department.
With soaring media distributions, such as those from Big Ten Network, Indiana has more than doubled its revenue from 2007, when it reported just more than $46 million in operating revenues.
As IU’s revenues exceeded $106 million in 2017, its expenses did, too.