What Did This College Football Season Cost Universities?

These schools stand to lose the most from the COVID-19 chaos.

By Andrew Lisa November 26, 2020 Net Worth 101

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East Lansing, Michigan, USA - September 17, 2018: Exterior of Spartan Stadium on the Michigan State University campus.

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No sport or league was spared from the chaos of 2020, but the size, scope, number of teams and sprawling nature of college football made playing during the time of COVID-19 a mess. The Big Ten, Southeastern Conference and Pac-12 opted for conference-only play in July and by August, confusion and uncertainty reigned. The MAC and Mountain West postponed their seasons, followed closely by the Big Ten and Pac-12.

After weeks of back-and-forth, the vast majority of the big conferences and teams had agreed to play at least some games, and the season progressed clumsily toward a very uncertain postseason.

The question of attendance has been an inconsistent hodge-podge from the beginning. Some teams are playing in front of fans to a certain percentage of normal capacity. Others are playing to empty stands where local regulations prohibit live attendance. Others are playing all their games in shuttered facilities whether the state allows fans or not. One thing, however, is certain — a lot of schools are going to lose a lot of money.

In order to get an idea of what each college football team stands to lose from the chaotic 2020 season, GOBankingRates used the U.S. Department of Education’s Equity in Athletics Data Analysis from 2017, 2018 and 2019 to learn about each team’s average revenue and profits. Those numbers were used as markers for potential revenue and profits that could be lost this year.

This list includes the 30 colleges that bring in the highest average football revenues and profits — ranked from lowest to highest average profit — so you can get a look at what this season could cost them. See how much these schools stand to lose.

Last updated: Nov. 12, 2020

Raleigh, NC, USA - NOVEMBER 24: William Neal Reynolds Coliseum on November 24, 2017 at North Carolina State University in Raleigh, North Carolina.

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30. North Carolina State University at Raleigh

Three-Year Average Total Football Revenue: $44,693,802
Three-Year Average Profit from Football: $22,853,140

Oxford, MS, USA - June 14, 2013: Vaught-Hemmingway Stadium (at Hollingsworth Field) at Ole Miss in Oxford, Mississippi.

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29. University of Mississippi

Three-Year Average Total Football Revenue: $54,047,030
Three-Year Average Profit from Football: $23,113,424

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28. Oklahoma State University

Three-Year Average Total Football Revenue: $46,720,291
Three-Year Average Profit from Football: $24,694,082

Students walk and bike at the University of Southern California campus in Los Angeles California USA.

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27. University of Southern California

Three-Year Average Total Football Revenue: $56,685,261
Three-Year Average Profit from Football: $24,932,248

University of Illinois college campus in Urbana Champaign

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26. University of Illinois at Urbana-Champaign

Three-Year Average Total Football Revenue: $48,357,957
Three-Year Average Profit from Football: $25,701,801

"Texas Tech University is a public research university in Lubbock, Texas, United States.

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25. Texas Tech University

Three-Year Average Total Football Revenue: $46,925,210
Three-Year Average Profit from Football: $26,171,074

Blacksburg, Virginia, USA - July 19, 2016: Plaza near Lane Stadium on the campus of Virginia Polytechnic Institute and State University in Blacksburg, Virginia.

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24. Virginia Tech

Three-Year Average Total Football Revenue: $55,014,799
Three-Year Average Profit from Football: $27,353,753

Minnesota: University of Minnesota — Twin Cities

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23. University of Minnesota-Twin Cities

Three-Year Average Total Football Revenue: $57,821,805
Three-Year Average Profit from Football: $27,452,206

Find Out: Ohio State Ranks in Top 5 Richest College Football Programs — But Who Is No. 1?

COLUMBIA, SC/USA JUNE 5, 2018: Jerri and Steve Spurrier Indoor Practice Facility on the campus of the University of South Carolina.

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22. University of South Carolina-Columbia

Three-Year Average Total Football Revenue: $63,228,276
Three-Year Average Profit from Football: $28,455,181

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21. University of Arkansas

Three-Year Average Total Football Revenue: $71,837,589
Three-Year Average Profit from Football: $30,130,033

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20. University of Utah

Three-Year Average Total Football Revenue: $56,858,821
Three-Year Average Profit from Football: $30,406,913

College Station, Texas, USA - 01 September 2019: Welcome To Aggieland.

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ShengYing Lin / Shutterstock.com

19. Texas A&M University

Three-Year Average Total Football Revenue: $75,502,967
Three-Year Average Profit from Football: $34,836,172

Iowa City, USA - October 8, 2011: The Old Capitol building on the Pentacrest on the campus of the University of Iowa.

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18. University of Iowa

Three-Year Average Total Football Revenue: $71,895,512
Three-Year Average Profit from Football: $37,985,035

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17. The University of Alabama

Three-Year Average Total Football Revenue: $104,608,030
Three-Year Average Profit from Football: $39,636,390

Building Exterior, Built Structure, Campus, College Student, EUGENE, Education, Large Group Of People, Men, Oregon, Outdoors, People, UNIVERSITY, University of Oregon, Young Adult, student, walking, women

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16. University of Oregon

Three-Year Average Total Football Revenue: $69,665,227
Three-Year Average Profit from Football: $39,780,723

East Lansing, MI, USA - August 1, 2014: An entrance to Michigan State University.

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15. Michigan State University

Three-Year Average Total Football Revenue: $72,811,869
Three-Year Average Profit from Football: $41,550,930

Seattle, WA, USA - April 13, 2017: The Alaska Airlines Field at Husky Stadium in Seattle.

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14. University of Washington

Three-Year Average Total Football Revenue: $81,801,180
Three-Year Average Profit from Football: $42,841,217

Gainesville, Florida, USA - September 12, 2016: Entrance Sign at the University of Florida on September 12, 2016 in Gainesville, Florida.

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13. University of Florida

Three-Year Average Total Football Revenue: $85,205,128
Three-Year Average Profit from Football: $45,143,730

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12. University of Nebraska-Lincoln

Three-Year Average Total Football Revenue: $85,448,712
Three-Year Average Profit from Football: $46,360,843

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11. Auburn University

Three-Year Average Total Football Revenue: $93,457,619
Three-Year Average Profit from Football: $48,698,685

Students chat in front of Old Main, the main administrative building of Penn State after sunset.

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10. Pennsylvania State University

Three-Year Average Total Football Revenue: $93,779,668
Three-Year Average Profit from Football: $49,355,479

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9. University of Wisconsin-Madison

Three-Year Average Total Football Revenue: $81,972,237
Three-Year Average Profit from Football: $50,300,692

Baton Rouge, USA - 2014: Tiger Stadium, Louisiana State University's Football stadium, can hold more than 100,000 people.

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Roberto Michel / Getty Images

8. Louisiana State University

Three-Year Average Total Football Revenue: $88,237,934
Three-Year Average Profit from Football: $55,915,360

Historic Ohio Stadium, also known as The Shoe or Horseshoe , is located on the Ohio State University campus in Columbus, Ohio.

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7. Ohio State University

Three-Year Average Total Football Revenue: $105,215,165
Three-Year Average Profit from Football: $56,892,716

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6. University of Oklahoma

Three-Year Average Total Football Revenue: $97,671,887
Three-Year Average Profit from Football: $57,542,015

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5. The University of Tennessee-Knoxville

Three-Year Average Total Football Revenue: $98,528,735
Three-Year Average Profit from Football: $60,823,889

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4. University of Notre Dame

Three-Year Average Total Football Revenue: $106,593,322
Three-Year Average Profit from Football: $64,499,430

University of Georgia Zell B Miller Learning Center in Athens Georgia

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Wolterk / Getty Images

3. University of Georgia

Three-Year Average Total Football Revenue: $115,144,200
Three-Year Average Profit from Football: $71,642,424

The Campus of the University of Michigan Law School in Ann Arbor is also known as "The Law Quad" or "The Law Quadrangle".

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2. University of Michigan-Ann Arbor

Three-Year Average Total Football Revenue: $117,691,615
Three-Year Average Profit from Football: $71,980,419

University of Texas Austin campus at sunset

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dszc / Getty Images

1. The University of Texas at Austin

Three-Year Average Total Football Revenue: $146,794,944
Three-Year Average Profit from Football: $104,209,024

More From GOBankingRates

Methodology: GOBankingRates looked at the US Department of Education’s Equity in Athletics Data Analysis from 2019, 2018, and 2017 to discover what this season of college football during the Coronavirus pandemic may cost each institution. GOBankingRates first found (1) 2019 total football revenue; (2) 2019 total football expenses; (3) 2019 profit from football program; (4) 2018 total football revenue; (5) 2018 total football expenses; (6) 2018 profit from football program; (7) 2017 total football revenue; (8) 2017 total football expenses; and (9) 2017 profit from football program for every institution. Then, to calculate potential losses for this current season, GOBankingRates found (10) three-year average total football revenues; (11) three-year average total football expenses; and (12) three-year average profit from football program for every institution. In order to be considered, each institution had to have a NCAA Division 1 FBS football program in the 2020 season. All data was collected on and up to date as of Nov. 9, 2020.

About the Author

Andrew Lisa

Andrew Lisa has been writing professionally since 2001. An award-winning writer, Andrew was formerly one of the youngest nationally distributed columnists for the largest newspaper syndicate in the country, the Gannett News Service. He worked as the business section editor for amNewYork, the most widely distributed newspaper in Manhattan, and worked as a copy editor for TheStreet.com, a financial publication in the heart of Wall Street’s investment community in New York City.

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ehrlif / Getty Images

After weeks of back-and-forth, the vast majority of the big conferences and teams had agreed to play at least some games, and the season progressed clumsily toward a very uncertain postseason.

Last updated: Nov. 12, 2020

30. North Carolina State University at Raleigh

Three-Year Average Total Football Revenue: $44,693,802
Three-Year Average Profit from Football: $22,853,140

29. University of Mississippi

Three-Year Average Total Football Revenue: $54,047,030
Three-Year Average Profit from Football: $23,113,424

28. Oklahoma State University

Three-Year Average Total Football Revenue: $46,720,291
Three-Year Average Profit from Football: $24,694,082

27. University of Southern California

Three-Year Average Total Football Revenue: $56,685,261
Three-Year Average Profit from Football: $24,932,248

26. University of Illinois at Urbana-Champaign

Three-Year Average Total Football Revenue: $48,357,957
Three-Year Average Profit from Football: $25,701,801

25. Texas Tech University

Three-Year Average Total Football Revenue: $46,925,210
Three-Year Average Profit from Football: $26,171,074

24. Virginia Tech

Three-Year Average Total Football Revenue: $55,014,799
Three-Year Average Profit from Football: $27,353,753

23. University of Minnesota-Twin Cities

Three-Year Average Total Football Revenue: $57,821,805
Three-Year Average Profit from Football: $27,452,206

Find Out: Ohio State Ranks in Top 5 Richest College Football Programs — But Who Is No. 1?

22. University of South Carolina-Columbia

Three-Year Average Total Football Revenue: $63,228,276
Three-Year Average Profit from Football: $28,455,181

21. University of Arkansas

Three-Year Average Total Football Revenue: $71,837,589
Three-Year Average Profit from Football: $30,130,033

20. University of Utah

Three-Year Average Total Football Revenue: $56,858,821
Three-Year Average Profit from Football: $30,406,913

19. Texas A&M University

Three-Year Average Total Football Revenue: $75,502,967
Three-Year Average Profit from Football: $34,836,172

18. University of Iowa

Three-Year Average Total Football Revenue: $71,895,512
Three-Year Average Profit from Football: $37,985,035

17. The University of Alabama

Three-Year Average Total Football Revenue: $104,608,030
Three-Year Average Profit from Football: $39,636,390

16. University of Oregon

Three-Year Average Total Football Revenue: $69,665,227
Three-Year Average Profit from Football: $39,780,723

15. Michigan State University

Three-Year Average Total Football Revenue: $72,811,869
Three-Year Average Profit from Football: $41,550,930

14. University of Washington

Three-Year Average Total Football Revenue: $81,801,180
Three-Year Average Profit from Football: $42,841,217

13. University of Florida

Three-Year Average Total Football Revenue: $85,205,128
Three-Year Average Profit from Football: $45,143,730

12. University of Nebraska-Lincoln

Three-Year Average Total Football Revenue: $85,448,712
Three-Year Average Profit from Football: $46,360,843

11. Auburn University

Three-Year Average Total Football Revenue: $93,457,619
Three-Year Average Profit from Football: $48,698,685

10. Pennsylvania State University

Three-Year Average Total Football Revenue: $93,779,668
Three-Year Average Profit from Football: $49,355,479

9. University of Wisconsin-Madison

Three-Year Average Total Football Revenue: $81,972,237
Three-Year Average Profit from Football: $50,300,692

8. Louisiana State University

Three-Year Average Total Football Revenue: $88,237,934
Three-Year Average Profit from Football: $55,915,360

7. Ohio State University

Three-Year Average Total Football Revenue: $105,215,165
Three-Year Average Profit from Football: $56,892,716

6. University of Oklahoma

Three-Year Average Total Football Revenue: $97,671,887
Three-Year Average Profit from Football: $57,542,015

5. The University of Tennessee-Knoxville

Three-Year Average Total Football Revenue: $98,528,735
Three-Year Average Profit from Football: $60,823,889

4. University of Notre Dame

Three-Year Average Total Football Revenue: $106,593,322
Three-Year Average Profit from Football: $64,499,430

3. University of Georgia

Three-Year Average Total Football Revenue: $115,144,200
Three-Year Average Profit from Football: $71,642,424

2. University of Michigan-Ann Arbor

Three-Year Average Total Football Revenue: $117,691,615
Three-Year Average Profit from Football: $71,980,419

1. The University of Texas at Austin

Three-Year Average Total Football Revenue: $146,794,944
Three-Year Average Profit from Football: $104,209,024

More From GOBankingRates

30. North Carolina State University at Raleigh

29. University of Mississippi

28. Oklahoma State University

27. University of Southern California

26. University of Illinois at Urbana-Champaign

25. Texas Tech University

24. Virginia Tech

23. University of Minnesota-Twin Cities

22. University of South Carolina-Columbia

21. University of Arkansas

20. University of Utah

19. Texas A&M University

18. University of Iowa

17. The University of Alabama

16. University of Oregon

15. Michigan State University

14. University of Washington

13. University of Florida

12. University of Nebraska-Lincoln

11. Auburn University

10. Pennsylvania State University

9. University of Wisconsin-Madison

8. Louisiana State University

7. Ohio State University

6. University of Oklahoma

5. The University of Tennessee-Knoxville

4. University of Notre Dame

3. University of Georgia

2. University of Michigan-Ann Arbor

1. The University of Texas at Austin

About the Author

30. North Carolina State University at Raleigh

29. University of Mississippi

28. Oklahoma State University

27. University of Southern California

26. University of Illinois at Urbana-Champaign

25. Texas Tech University

24. Virginia Tech

23. University of Minnesota-Twin Cities

22. University of South Carolina-Columbia

21. University of Arkansas

20. University of Utah

19. Texas A&M University

18. University of Iowa

17. The University of Alabama

16. University of Oregon

15. Michigan State University

14. University of Washington

13. University of Florida

12. University of Nebraska-Lincoln

11. Auburn University

10. Pennsylvania State University

9. University of Wisconsin-Madison

8. Louisiana State University

7. Ohio State University

6. University of Oklahoma

5. The University of Tennessee-Knoxville

4. University of Notre Dame

3. University of Georgia

2. University of Michigan-Ann Arbor

1. The University of Texas at Austin

About the Author

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