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What we learned from the finances of the Big Ten’s first year as an 18-team conference
Big Ten athletic departments range from juggernauts to those that rely heavily on subsidies, with disparity growing rapidly among them.
According to financial statements for the 2025 fiscal year (July 1, 2024, to June 30, 2025) submitted by the league’s 16 public schools, which were obtained by The Athletic through state open-records laws...
Ohio State generated more than $336 million in the 2025 fiscal year to top the conference’s revenue leaderboard, $60 million clear of Michigan ($275.8 million). Penn State generated...
At the bottom of the Big Ten, Maryland reported just $124 million in revenue, $3.8 million less than it did last year...
As a group, the league’s 16 public athletic departments reported about...