Ohio State University 's Athletics Department recorded a $37.7 million deficit last year – its first year in the red since the pandemic. Still, the department said in a press release that its "past earnings, reserve funds and anticipated future earnings are projected to cover the ... shortfall."

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.

Having success in college athletics means a willingness to spend money. Ohio State's athletic department was no exception last year. Per Sportico's