The Ohio State athletic department's budget deficit from the 2024 fiscal year was $37.7 million, according to figures it submitted to the NCAA.

Michigan State University’s athletic department operated at a shortage of more than $16 million in 2023-24, its fourth deficit in the past five years.

The University of Utah's athletics department reported a $17 million budget deficit for the 2024 fiscal year, marking its first significant shortfall in years, according to the Deseret News. This deficit was primarily attributed to external factors,

Ohio State's athletics department made nearly $25 million less in revenue than in the 2023 fiscal year. And there is a simple explanation.