May 15, 2012
WEST LAFAYETTE, Ind. - USA Today has published its annual analysis of college athletics finances, and Purdue ranked 11th among 11 Big Ten schools (Northwestern not included) in both revenue and expenses for fiscal year 2010-11.
According to the report, the Boilermakers amassed $66,202,493 in revenue while spending $59,429,383. The expenses include salaries, scholarships, operating budgets and facilities.
As part of its Mackey Complex project business plan, the athletics department has earmarked in its annual budget to set aside monies from Big Ten Conference television revenue ($8.8 million over the past three years) to pay future debt service on the project.
To date, the Mackey Complex project, which includes the construction of Alexander Field and renovations to the Varsity Soccer Complex, has been financed by gift funds and bonds.
Even with the saving for future debt service, Purdue would have shown a modest profit in the most-recent report.
Purdue is one of just 22 self-supporting athletics departments among 335 NCAA Division I institutions.