Tuesday, January 23, 2024

UConn cuts athletic budget deficit as school reports revenue increase in financial report to NCAA - Mike Anthony, CT Insider

The UConn athletic department has submitted its annual financial report to the NCAA and there is, as usual, a wide gap between revenue and expenses that is bridged by a university subsidy. That gap has shrunk, though. More specifically, UConn athletics in fiscal year 2023 cut direct institutional support by 35 percent. The athletic department’s total expenditures were $93.1 million, met with the push of $30.2 million in institutional support. That is $16.3 million less than the $46.5 million athletics received in 2022, when former men’s basketball coach Kevin Ollie received $13.4 million owed to him.