WVU Athletics Department Turns Profit

MORGANTOWN – West Virginia University’s athletic department reported a $4.2 million profit during the 2012-13 fiscal year.

The university said Friday that revenues were $77.7 million in its first season in the Big 12, compared with operating expenses of $73.5 million.

That compares to a record deficit of nearly $13 million in 2011-12, which incorporated an exit fee related to the university’s departure from the Big East.

“We all know how important it is to have a self-supporting athletic department,” said WVU athletic director Oliver Luck. “And that goal has been reached once again.”

Contributions to the Mountaineer Athletic Club of $23.9 million were a record for the second straight year.

Ticket sales rose slightly to $21.6 million.

Royalties, advertisements and sponsorships totaled $4.5 million, and student fees were $4.3 million.

The school’s revenue-sharing check from the Big 12 Conference was $10.3 million.