FC: AD Financial Report for 2025

IBeBlockin · Feb 6, 2026

NCAA FY2025 final_1-15-26_.pdf

The official sports website for Penn State Athletics. Learn about schedules, rosters, scores, and Penn State Nittany Lion players at gopsusports.com.

gopsusports.com

It appears for the second time in 3 years the AD may have had record revenue and record expenses and is basically breaking even. Unless Kraft gets a handle on expenses, I am not sure this may be sustainable.

Credit to poster underscoreTom from another site for the link and the table above.

BobPSU92 · Feb 6, 2026

Oof.

StamfordBridgeVikingatLeftOffensiveTackle · Feb 6, 2026

I wish we could see the itemization of "Other."

Bison13 · Feb 6, 2026

15 million for mens basketball, with a slight net and 5 and a half million for womens with over 4.5 in losses.

BobPSU92 · Feb 6, 2026

Looking at the numbers, who holds whose beer? Sandy for Pat or Pat for Sandy?

DELion · Feb 6, 2026

From the pdf file, it appears "Other" Revenues probably include at least some contributions and royalty/licensing revenues that cannot be directly allocated to specific sports. "Other" Expenses include things like administrative costs and debt service.

StamfordBridgeVikingatLeftOffensiveTackle · Feb 6, 2026

DELion said:
From the pdf file, it appears "Other" Revenues probably include at least some contributions and royalty/licensing revenues that cannot be directly allocated to specific sports. "Other" Expenses include things like administrative costs and debt service.

Thank you. I was hoping for more granularity. I guess that's all they need to provide for reporting, though.

PSUFTG · Feb 6, 2026

StamfordBridgeVikingatLeftOffensiveTackle said:
Thank you. I was hoping for more granularity. I guess that's all they need to provide for reporting, though.

Oh, there is a lot that can be extrapolated within.
My newsletter folks will be receiving the full analysis - and I will post some of the Cliff's Notes here within the next few days. Much more there than meets the eye.

StamfordBridgeVikingatLeftOffensiveTackle · Feb 6, 2026

@PSUFTG

Thank you. I look forward to your report.

BobPSU92 · Feb 6, 2026

StamfordBridgeVikingatLeftOffensiveTackle said:
@PSUFTG

Thank you. I look forward to your glowing report.

FIFY.

doctornick · Feb 6, 2026

StamfordBridgeVikingatLeftOffensiveTackle said:
I wish we could see the itemization of "Other."

DELion said:
From the pdf file, it appears "Other" Revenues probably include at least some contributions and royalty/licensing revenues that cannot be directly allocated to specific sports. "Other" Expenses include things like administrative costs and debt service.

Yes, it is clearly the "other" category which needs to be examined in terms of addressing waste and to try to get things under control.

Is the Beaver Stadium changes expensed under "other" (since it is a facility) or "football" (since it is for that sport). I'm assuming it has to be in Other which might explain at least part of why that is so high.

PSUFTG · Feb 6, 2026

Penn State Athletics Debt Hit $535 Million Amid Stadium Rehab

Already, by far, the largest ICA debt in the nation.

Keep in mind:
1) Beaver Stadium debt was to be tranched (ie, taken out in chunks, as needed)
2) These reports are "lagging". In this case, only through 6/30/25
3) That means the large majority of debt for Beaver Stadium reno is NOT yet even included in this figure.
Oops

Psumatt85 · Feb 6, 2026

IBeBlockin said:
NCAA FY2025 final_1-15-26_.pdf

The official sports website for Penn State Athletics. Learn about schedules, rosters, scores, and Penn State Nittany Lion players at gopsusports.com.

gopsusports.com

View attachment 1178293

It appears for the second time in 3 years the AD may have had record revenue and record expenses and is basically breaking even. Unless Kraft gets a handle on expenses, I am not sure this may be sustainable.

Credit to poster underscoreTom from another site for the link and the table above.

Looks like we should pay more to NIL!!!

lemonears · Feb 6, 2026

IBeBlockin said:
NCAA FY2025 final_1-15-26_.pdf

The official sports website for Penn State Athletics. Learn about schedules, rosters, scores, and Penn State Nittany Lion players at gopsusports.com.

gopsusports.com

View attachment 1178293

It appears for the second time in 3 years the AD may have had record revenue and record expenses and is basically breaking even. Unless Kraft gets a handle on expenses, I am not sure this may be sustainable.

Credit to poster underscoreTom from another site for the link and the table above.

It's surprising that basketball made a profit. Poor attendance must have been compensated for with payouts from playoffs, TV money, and such. Also, it is surprising that the best wrestling team in history lost money. I suppose that is because they have few dual meets and low TV revenue.

It looks like if they get into financial trouble the first sports to be dropped is baseball and women's basketball.

BobPSU92 · Feb 6, 2026

PSUFTG said:
Penn State Athletics Debt Hit $535 Million Amid Stadium Rehab

Already, by far, the largest ICA debt in the nation.

Keep in mind:
1) Beaver Stadium debt was to be tranched (ie, taken out in chunks, as needed)
2) These reports are "lagging". In this case, only through 6/30/25
3) That means the large majority of debt for Beaver Stadium reno is NOT yet even included in this figure.
Oops

Go big or go home.

UncleRoyBiggins · Feb 6, 2026

Neeli's got this

step.eng69 · Feb 6, 2026

IBeBlockin said:
NCAA FY2025 final_1-15-26_.pdf

The official sports website for Penn State Athletics. Learn about schedules, rosters, scores, and Penn State Nittany Lion players at gopsusports.com.

gopsusports.com

View attachment 1178293

It appears for the second time in 3 years the AD may have had record revenue and record expenses and is basically breaking even. Unless Kraft gets a handle on expenses, I am not sure this may be sustainable.

Credit to poster underscoreTom from another site for the link and the table above.

Thanks for posting IBe

EricStratton-RushChairman · Feb 6, 2026

If there is a seismic shift in college athletics to effectively giving athletes professional status (employment contacts, collective bargaining, etc...), will that invalidate Title IX protection? Meaning can schools shitcan under performing women's sports?

bdgan · Feb 6, 2026

IBeBlockin said:
NCAA FY2025 final_1-15-26_.pdf

The official sports website for Penn State Athletics. Learn about schedules, rosters, scores, and Penn State Nittany Lion players at gopsusports.com.

gopsusports.com

View attachment 1178293

It appears for the second time in 3 years the AD may have had record revenue and record expenses and is basically breaking even. Unless Kraft gets a handle on expenses, I am not sure this may be sustainable.

Credit to poster underscoreTom from another site for the link and the table above.

Get rid of fencing, Swimming, and tennis, and most of "other"?

bdgan · Feb 6, 2026

Bison13 said:
15 million for mens basketball, with a slight net and 5 and a half million for womens with over 4.5 in losses.

I don't think we can get rid of women's basketball without also getting rid of men's basketball and basketball is a "core" sport that all major schools have. We just happen to suck.

BobPSU92 · Feb 6, 2026

bdgan said:
I don't think we can get rid of women's basketball without also getting rid of men's basketball and basketball is a "core" sport that all major schools have. We just happen to suck.

Get rid of both.

Monty2007 · Feb 6, 2026

I know there's a list of sports that the B1G requires all schools to have. BB and WBB is not going anywhere. We're lucky they only suck.

Headlock · Feb 6, 2026

PSU athletic teams not in trouble until football sucks!

PSUFTG · Feb 6, 2026

Monty2007 said:
I know there's a list of sports that the B1G requires all schools to have. BB and WBB is not going anywhere. We're lucky they only suck.

What programs are on that list?

PSUFTG · Feb 6, 2026

Headlock said:
PSU athletic teams not in trouble until football sucks!

Oh, contraire

Midnighter · Feb 6, 2026

This was getting a lot of traction on social media. Seems like obviously clickbait but still…

Midnighter · Feb 6, 2026

Wasn’t sure where else to stick this…any idea what the B1G distributed?

Bison13 · Feb 6, 2026

bdgan said:
I don't think we can get rid of women's basketball without also getting rid of men's basketball and basketball is a "core" sport that all major schools have. We just happen to suck.

I know, just comparing expenses and the fact that even though they are terrible the mens can still get a small profit. Considering how bad the womens team is, they should never travel out of the mid atlantic to play a game that is not a conference game. Play all the PA D1 programs so they can bus there.

BobPSU92 · Feb 6, 2026

Midnighter said:
This was getting a lot of traction on social media. Seems like obviously clickbait but still…

UNRIVALED.

SleepyLion · Feb 6, 2026

EricStratton-RushChairman said:
If there is a seismic shift in college athletics to effectively giving athletes professional status (employment contacts, collective bargaining, etc...), will that invalidate Title IX protection? Meaning can schools shitcan under performing women's sports?

Title IX would still apply. Employers cannot discriminate against their employees.

Nitt1300 · Feb 6, 2026

just send in more money

Binder74 · Feb 6, 2026

I'm not an accounting guy but why does our men's volleyball team generate a profit and our highly successful women's program run a huge deficit? They play in the same facility and basically have the similar travel schedule.

SleepyLion · Feb 6, 2026

Binder74 said:
I'm not an accounting guy but why does our men's volleyball team generate a profit and our highly successful women's program run a huge deficit? They play in the same facility and basically have the similar travel schedule.

They both have deficits. The MVB just has less of a deficit than last year.

The 1st 4 words of your post were dead on though.

BobPSU92 · Feb 6, 2026

Nitt1300 said:
just send in more money

Pat will tell us when he has enough.

Binder74 · Feb 6, 2026

SleepyLion said:
They both have deficits. The MVB just has less of a deficit than last year.

The 1st 4 words of your post were dead on though.

True but one had a deficit that was 1.5 million higher.

EricStratton-RushChairman · Feb 6, 2026

SleepyLion said:
Title IX would still apply. Employers cannot discriminate against their employees.

Title IX refers to education programs getting federal assistance. If it is no longer an education system but rather a business, for profit or 501c, then can't schools decide to be in the business of sports that make financial sense instead of funding losing women's sports just so there's balance?

SleepyLion · Feb 6, 2026

EricStratton-RushChairman said:
Title IX refers to education programs getting federal assistance. If it is no longer an education system but rather a business, for profit or 501c, then can't schools decide to be in the business of sports that make financial sense instead of funding losing women's sports just so there's balance?

If the sports were to be separated from the schools, then yes. I am not sure that is being considered at this time.
It seems it should be done though.

PSU4U · Feb 7, 2026

BobPSU92 said:
Looking at the numbers, who holds whose beer? Sandy for Pat or Pat for Sandy?

One created a mess the other inherited that mess.

Nitt1300 · Feb 7, 2026

Penn State athletics facing major debt amid stadium renovation project

BobPSU92 · Feb 7, 2026

Nitt1300 said:
Penn State athletics facing major debt amid stadium renovation project

Temporary. Once the renovations are done, Penn State will turn that frown upside down.

FC: AD Financial Report for 2025

Junior

Heisman

All-Conference

All-American

Heisman

Senior

All-Conference

All-Conference

All-Conference

Heisman

All-Conference

All-Conference

Senior

Senior

Heisman

All-Conference

All-Conference

All-American

All-Conference

All-Conference

Heisman

Sophomore

All-Conference

All-Conference

All-Conference

Heisman

Heisman

All-American

Heisman

All-Conference

Heisman

Senior

All-Conference

Heisman

Senior

All-American

All-Conference

All-American

Heisman

Heisman