Texas athletics has school records in revenue, expenses
The University of Texas athletics had school-record figures in operating revenue and expenses in 2012-13, according to USA Today and Indiana University's National Sports Journalism Center.
Texas reported to the NCAA that it recorded $165.7 million in revenue and $146.8 million in expenses. Those figures represent a $2.4 million increase in revenue and an $8.5 million hike in spending over the previous fiscal year.
According to the report, however, it was the school's smallest rise in nearly a decade.
USA Today's report analyzes data starting in 2004-05. The smallest increase Texas previously reported was a $5.1 million increase from 2008-09 to 2009-10.
Through 2011-12, Texas had the nation's four highest annual operating expense totals and three of the four highest annual operating revenue totals.
Contributions to the school's athletics program declined by about $3.3 million to $37.4 million in 2012-13, the second year-over-year drop in the time span covered by USA Today's report. The other decrease, in 2008-09 to 2009-10, was just $180,000.
Despite the most recent reduction, Texas' $37.4 million in contributions is still greater than the total revenue of most Division I public schools.