INDIANAPOLIS – The NCAA generated nearly $1.3 billion in revenue for the 2022-23 fiscal year, more than half of which was distributed to Division I members, according to financial statements released Thursday by the association.
NCAA revenue rose from about $1.14 billion in the previous fiscal year to $1.28 billion. As usual, the bulk of the NCAA's revenue ($945 million) came from media rights and marketing deals tied to championship events.
The NCAA's deal with CBS and Warner Bros. Discovery for the rights to the Division I men's basketball tournament represents about $900 million a year. That means the men's tournament generated about 69% of the NCAA's revenue.
The value of the television deal increases annually and filings project an increase to more than $1 billion by 2025.
NCAA expenditures reached $1.17 billion, including $669 million distributed to the 363 Division I member schools and another $192 million to host Division I championship events, the National Invitation Tournament. men's basketball and other related programs.
More than $100 million was also spent on Division II and III championships and programs, including some distributions to Division II schools.
The NCAA has no direct involvement in the operation of the top level of Division I football, known as the Bowl Subdivision, or in the College Football Playoff, which determines its champion and contributes about $470 million annually to participating conferences.
The NCAA faces at least five antitrust lawsuits, challenging rules governing recruiting, athlete transfers and athlete compensation.
House vs. The NCAA recently received a class certification and could put the association on the line for a potential multimillion-dollar payout to current and former college athletes.
