The Huskies need to lower debt service payments to potentially free up cash for operations as they enter the B1G as a half-share member.
Washington’s athletic department broke the $150 million mark in revenue last year for the first time in school history and reported an operating surplus, according to financial documents reviewed by the Hotline.
The athletic department paid $12.3 million in debt service in the 2022 fiscal year, per the financial report submitted to the NCAA. The interest-only window ends in the summer of 2025, but the pressure on Washington’s budget will not. Over the course of the six-year contract term, that discount will result in the Pacific Northwest powers receiving about $180 million less than their peers in the Big Ten, including USC and UCLA, which were granted full shares when they agreed to join the conference in 2022.
If funneled to operations, that would cover the salary for a top-tier offensive or defensive coordinator over the entire timeframe.— The Huskies were one of five schools in the Pac-12 that reported an operating surplus in the 2023 fiscal year, along with Oregon, Cal, Arizona and Utah.— However, the schools include financial support from campus as revenue, in accordance with NCAA reporting regulations.
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