Due mostly to disruptions caused by the COVID-19 pandemic, the U of A Athletic Department has reported a nearly double-digit decline in revenue for the 2019-2020 fiscal year. However, despite the circumstances, the university came within about $500,000 of breaking even - which is no small feat considering the magnitude fo the top-line gap it had to fill.
The department's total revenue for FY 2020 was $123.35 million, down 10.2 percent from $137.49 million in FY 2019, according to the university’s revenue and expense report.
The NCAA also cancelled the highly profitable men's basketball tournament in 2020, leaving Arkansas' revenue distribution portion down 62 percent ($3.22 million to $1.22 million).
Athletic contributions took a backseat this year as well, bringing in $17.9 million in 2020, compared to $22.63 in 2019.
Arkansas Football brought in the bulk of the department's total revenue, accounting for nearly 57 percent ($70.28 million), down from $75.75 million last year.
Arkansas Baseball revenue was down 42 percent ($3.86 million), with $4.69 million in expenses. Last year the team actually profited (which is rare in NCAA Division I baseball), earning $6.71 million in 2019, against expenses of $5.87 million.
Finally, the university reported ticket sales in 2020 totaled $34.5 million, down nearly 15 percent from $40.5 million in 2019. -Talk Business & Politics
In addition, Arkansas’ athletic department is self-sustaining and takes no student fees or taxpayer support. Here's to a more hopeful athletic season in 2021 - Let's go Hogs!