BATON ROUGE - In a time when subsidies for college athletics across the country are reaching an all-time high, a report published today by USA Today said that LSU and Nebraska are the only two athletic departments in the nation that receive no subsidies.
USA Today reported that, "taken together, the subsidies for athletics at 99 public schools in the NCAA's 120-member Football Bowl Subdivision grew about 20% in four years, from $685 million in 2005 to $826 million in 2008, after adjusting for inflation. At more than a third of those schools, the percentage of athletic department revenue coming from subsidies grew during the four-year period studied."
Alabama, Auburn, and Tennessee are among the 30 schools that had their subsidies for the athletic department dramatically increase over the past four years.
LSU and Nebraska remain the only two athletic departments from across the nation that reported receiving no subsidies. The LSU athletic department receives no state tax dollars or any revenue from student fees to assist with its 81.5 million dollar budget.
Among the areas in which LSU generates revenue for its athletic department is through the Southeastern Conference distribution, ticket sales, radio and television contracts, corporate partnerships, parking, concessions, and merchandise.
LSU is also assisted with private funding from the Tiger Athletic Foundation.
In addition to being a self-sustaining entity, the LSU athletic department annually gives back money to the university side of the campus for various projects throughout the year.
USA TODAY, through open-records requests, gathered four years of financial reports schools must send annually to the NCAA. The newspaper examined allocated revenue from student fees, university and state sources.
To read more about the report on subsidies in college athletics, go to www.usatoday.com.