Michigan and Michigan State are among the nation’s top-20 schools for athletic departments budgets, according to USA Today data of 2014-15 finances.
Michigan is third nationally in total budget, having spent $151,144,964 last year. That trails Texas, which led the nation with a budget of $173,248,133, and Ohio State, which spent $154,033,208.
Michigan State is ranked 17th and spent $108,283,151, increasing its budget by $4 million from the previous fiscal year.
One of the primary reasons the top three have a whopping advantage is ticket sales, primarily football. However, Michigan saw a dropoff during the 2014 season, in part because of a poor home schedule and also because the team, which finished 5-7, wasn’t performing well.
Michigan made $46,421,282 in ticket sales, while Ohio State and Texas each made about $17 million more.