Furman University in Greenville, South Carolina, allocated $8,822,276 to its football teams in 2024, marking a 9.3% rise compared to the prior year, according to the U.S. Department of Education.
In 2024, the football teams’ budget of $8,822,276 represented 27.6% of the university’s total sports expenditures.
Since 2010, Furman University has seen a 95.2% increase in its average sports-related spending.
College football is one of the biggest sports in the U.S., with some college teams eclipsing NFL teams in terms of attendance and profit.
College athletics has entered a new era of athlete compensation after a federal settlement allowed schools to directly share revenue with players for the first time. The agreement also requires the NCAA to pay $2.8 billion in back damages over 10 years to athletes who competed from 2016 to the present.
In 2022, after years of legal and legislative pressure, athletes also gained the right to profit from their names, images and likenesses through state laws and an NCAA policy change.
Football Teams’ Expenditures of Furman University in Last 5 Years
| Year | Football teams’ expenditure | % from grand total sport team expenditures |
|---|---|---|
| 2020 | $6,830,231 | 23.2% |
| 2021 | $6,742,760 | 25% |
| 2022 | $7,306,643 | 26.2% |
| 2023 | $8,069,547 | 26% |
| 2024 | $8,822,276 | 27.6% |
