FAYETTEVILLE -- The University of Arkansas, for the first time, is operating with an athletic budget exceeding $100 million as it heads into the 2016-2017 fiscal year.
"I think it's the strongest financial position we've had in the history of Razorback athletics," said Athletic Director Jeff Long, who will enter his ninth year at Arkansas in September. "We have had revenues of over $100 million in the past, but this is the first time we've budgeted for it. We expect to exceed budget in revenues."
A public records request filed by the Arkansas Democrat-Gazette showed the department has had a budget of $105,736,950 approved by the board of trustees for the fiscal year, which begins July 1.