For the second consecutive year, Missouri’s athletic department operated in the red, running a deficit of nearly $2 million, according to financial documents obtained by The Star.
According to figures included in the school’s submission to the NCAA Membership Financial Reporting System, Mizzou generated $107,351,581 of revenue during the 2018 fiscal year, the second year under athletic director Jim Sterk. That’s a 9.7 percent increase from 2016-17. The department spent $109,158,122 in 2017-18, which is a $7 million dollar increase from the previous year.
The report encompassed Missouri’s first NCAA Tournament berth in five years during Cuonzo Martin’s inaugural season as men’s basketball coach and Barry Odom’s 7-6 record for the 2017 football season that ended with a loss in the Texas Bowl.