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

Ohio State's athletics department made nearly $25 million less in revenue than in the 2023 fiscal year. And there is a simple explanation.

Ohio State University, which has led the nation in athletic department spending for the past six years, reported a total of $293 million in expenditures for the 2023-24 season, according to its latest NCAA financial disclosures.

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.