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Iowa projects $3 million drop in football income

Last time team didn't earn at least $20 million in ticket sales was 2007

The stands are #x201c;blacked out#x201d;  during the third quarter of the game between Iowa and Wisconsin at Kinnick Sta
The stands are “blacked out” during the third quarter of the game between Iowa and Wisconsin at Kinnick Stadium in Iowa City on Saturday, November 22, 2014. (Adam Wesley/The Gazette)

IOWA CITY — Iowa projects a decrease of nearly $3 million in football-related income for fiscal year 2016 because of slow ticket sales, according to figures supplied by the department to the state Board of Regents.

The athletics department’s conservative budget of $19.55 million in ticket revenue is down from last year’s $22.4 million earned from football tickets. The last time Iowa brought in less than $20 million in ticket sales was the 2007 season.

In fiscal year 2013, Iowa reported $26.1 million in football ticket revenue to the NCAA, according to documents obtained by The Gazette. In fiscal 2014, Iowa reported $25.9 million.

Iowa sold 39,364 general public season tickets last year. As of last week, Iowa sold 36,036 for this year.

With the increased cost of providing full meals for student-athletes, Iowa budgeted $21.59 million in football-related expenses. To counter the shortfall, the UI Foundation will boost support for athletics from $11.7 million to $14.46 million this year.

With cost of attendance now figured into athletic scholarships, Iowa’s athletics department budget jumped to $93.6 million for fiscal year 2016.

Annual cost of attendance stipends range from $2,051 to $3,305 per athlete for the upcoming year, costing the department an estimated $880,000. Overall scholarships expect to jump to $12.2 million, up from $11 million in 2015.

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Iowa’s overall budget increases by nearly $4 million more than 2015. The athletics department projects $33.5 million from Big Ten coffers, up from about $31 million last year.

l Comments: (319) 339-3169; scott.dochterman@thegazette.com

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