ASU Fares Well In New Athletic Finance Study

A new study of Division I finances is favorable for Arkansas State's athletic department.

USAToday has concluded the newspaper's annual review of intercollegiate finances and the numbers should be encouraging for Red Wolf fans. Arkansas State has increased athletic spending nearly $2 million over last year's review from $13,374,507 to $15,307,308 about a 15% increase in athletic budget.

While a portion of the increase came from student fees and other university sources, the athletic department generated about half of the increase.

Arkansas State remains among the institutions relying less on institutional support among Division I public universities. More than two-thirds of all surveyed schools receive a higher percentage of their athletic operating funds from university sources than ASU does.

Among the schools in the top third of the survey in depending on university income were NCAA Tournament "Cinderella" Florida Gulf Coast, ASU's recent bowl opponent Kent State, former Final Four participant and new FBS member UMass, locally Central Arkansas and new C-USA members Florida International, Old Dominion.

Only seven athletic departments operated without any university support: Texas, Ohio State, LSU, Penn State, Oklahoma, Nebraska, and Purdue.

The survey does not reflect finances for the 2012-13 fiscal year.