Colorado State Athletics Announces 2020-21 Financial Results

FORT COLLINS, Colo. – Colorado State University's Department of Athletics has submitted its 2020-21 financial report to the NCAA as part of the NCAA's annual reporting requirements for all Division 1 athletic departments.

A PDF copy is available HERE. The year coincided with the onset of the COVID-19 pandemic during which time the Rams held all ticketed athletic events without the benefit of fans or financial impact of ticket sales. Private support through the Ram Club and sponsorship opportunities were also greatly impacted.

Highlights of the 2020-21 financial report:

Colorado State University, unlike many universities nationwide, made the strategic decision to prioritize their workforce. As such, the Department of Athletics was not forced to create furloughs or lay off employees.
Continuing a trend under Director of Athletics Joe Parker, the athletic department accepted less than what the university budgeted in one-time funds, allowing the university to keep $3,423,013 for other campus expenditures.
Even still, an estimated loss of $18 million in revenue was limited to $16 million, with the absence of fans attending contests.
Raised $2,000,000 as a part of the Stalwart Rams Relief campaign through the Ram Club
Worked with the Mountain West to install COVID testing policies which extended beyond NCAA guidelines. In coordination with UCHealth and Quest Diagnostics, conducted more than 11 thousand surveillance/pre-competition tests.
Relief funding was provided to larger CSU Auxiliary units including Athletics due to self-generated revenue losses arising from the COVID-19 pandemic. This accounted for $10,500,000 of stadium bond payments

Links:
FY21 NCAA Report
FY20 NCAA Report
FY19 NCAA Report
FY18 NCAA Report
FY17 NCAA Report
FY16 NCAA Report
FY15 NCAA Report

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