Colleges

When name, image and likeness took effect in July 2021, jersey sales were expected to be a primary source of income for college athletes. But there wasn’t a structure in place to help facilitate a jersey program, the way the NFL Players Association or other unions handle...

Lenders to Learfield have "engaged restructuring attorneys as the company faces" more than $1B of debt coming due this year, according to sources. The lenders "have engaged law firm Paul Weiss Rifkind Wharton & Garrison LLP, while the company is being advised by Kirkland & Ellis LLP," the sources said....

UCLA’s athletic department was able to “more than halve” the department's deficit due to the help of profits from “ticket sales and media rights fees related to schedules returning much closer to normal,” according to Ben Bolch of the L.A. TIMES. UCLA’s debt of $28.045M during the 2022 fiscal...

Ohio State Univ.’s athletic department reported revenue “surpassing just a quarter of a billion dollars” in the 2022 fiscal year as the univ. “rebounded from the decline posted during the height of the coronavirus pandemic,” according to Joey Kaufman of the COLUMBUS DISPATCH. According to the school's annual financial...

Outgoing NCAA President Mark Emmert yesterday said that he has “very mixed emotions” about ending his 12-year tenure, according to Dan Murphy of ESPN.com. Emmert said he looks at "all these challenges and complexities and I'm going to miss that," as he would "love to be someone...

The NCAA "operated at a nearly" $59M deficit for its 2022 fiscal year after generating revenue of $1.14B. The association "saw a major revenue increase" from the return to the usual playing setup for the D-I men’s and women's basketball tournaments, but those gains "were offset primarily by net...

For the first time, the Mid-Eastern Athletic Conference (MEAC) will bring esports to one of its marquee events by running an esports championship alongside its men’s and women’s conference basketball tournament. While the basketball events take place at the Norfolk Scope Arena in Virginia from March 8-11, the esports...

Tennessee announced a "raise and contract extension" for AD Danny White today just two years after his initial hiring. White's contract is a "rolling six-year deal" with a salary starting at $2.2M with an annual increase of 5%. White signed a "rolling five-year contract when he...

LSU athletic department revenues “surged again in 2021” to a $6.53M profit after restrictions implemented for the pandemic caused “ticket sales and contributions to plummet the year before,” according to Wilson Alexander of the New Orleans TIMES-PICAYUNE. LSU had a $9.63M “deficit” the previous FY, but “fueled by resurgent...

The Univ. of Utah is "raising prices again for its football season tickets," according to Kevin Reynolds of the SALT LAKE TRIBUNE. With an 11% increase last year, the athletic department announced pricing that "reflects a nearly 15% average increase in season ticket prices for the 2023 season." This...