Michigan and Michigan State are among the top 25 college athletic programs that brought in the most revenue during the 2016-17 fiscal year.
According to USA Today's annual database on athletics finances for NCAA Division 1 public schools, Michigan ranks fourth in total revenue at $185,173,187 and Michigan State is 21st at $126,021,377.
According to the data, the Wolverines saw a $22 million increase and the Spartans a $3 million bump in total revenue compared to the previous year.
Michigan and Michigan State also rank second and sixth, respectively, among Big Ten schools in generating total revenue. Ohio State leads the conference and ranks third nationally at $185,409,602, with Penn State ($144,017,055) third, Wisconsin ($143,420,668) fourth, and Iowa ($130,681,467) fifth.
As for total expenses, Michigan ranks second nationally and led the Big Ten with a $175,425,392 mark, while Michigan State is 21st nationally and sixth in the conference at $117,506,272.
According to the data, the Wolverines had an $18 million increase in expenses compared to the year before and the Spartans had a $4 million decrease.
Texas topped the list in both total revenue ($214,830,647) and total expenses ($207,022,323) for 2016-17.