UCF athletics skilled monetary impacts from becoming a member of the Large 12, its first enterprise right into a Energy 4 convention, resulting in elevated income and bills.
The studies are a part of the NCAA’s Agreed Upon Procedures data, the place universities present sure monetary data. It doesn’t function an athletic division’s monetary assertion.
The division reported $98.16 million in whole working income through the 2024 fiscal 12 months (July 1, 2023-June 30, 2024), up from $84.6 million it reported in 2022-23. The rise largely got here from the varsity’s transfer to the Large 12.
Ticket gross sales, donations and convention distribution helped push income to just about $100 million.
The Knights obtain a half-share ($18 million) of annual income from the Large 12 of their first two seasons earlier than receiving a full share in 2025-26.
UCF reported an working expense of $97.454 million, a rise from $88.2 million reported final 12 months. As soon as once more, the rise got here from the transfer to the Large 12, with the varsity going through rising prices of staff journey, tools and sport bills.
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The overall undergraduates have been 41,433, with 490 whole males (229) and girls (261) collaborating on athletic groups.
Some bills included pupil support for athletes, for which the division spent $11.5 million, together with $1.9 million for the Alston Awards.
The Knights additionally spent $1.8 million in recruiting through the fiscal 12 months, a rise from the $1.57 million the earlier 12 months. Rising journey prices and elevated recruiting actions post-pandemic have been the explanation for the rise.
There have been debt service funds and design and development paperwork associated to the brand new Soccer Campus Challenge, together with the Roth Tower enlargement at FBC Mortgage Stadium and the Sharon and Marc Hagle Gateway.
The athletic division acquired $90 million from the Orange County ommissioners in vacationer improvement tax cash, which is used to renovate the soccer tower and create expanded premium seating. UCF plans to make use of a $70 million financial institution mortgage and $30 million in bonds for short-term financing.
The premium seating choices are anticipated to assist the varsity generate roughly $2.4 million in new income yearly.
The Hagle Gateway is a part of Part I of the Soccer Campus Challenge, which additionally options McNamara Cove, a restoration river, a hydrotherapy pool and the Taylor A. Gerring Soccer Middle, a two-story constructing devoted to soccer operations.
Fundraising has been by means of the Mission XII initiative.
Additionally included within the report was a $2.5 million cost to the American Athletic Convention, a part of the $18 million exit payment UCF paid to depart the league to hitch the Large 12 in 2023.
The report, nonetheless, doesn’t paint the entire monetary image as a result of the NCAA doesn’t take into consideration funding capital tasks, working funds and capital presents.
Matt Murschel will be reached at mmurschel@orlandosentinel.com