Colorado State Announces 2021-22 Financial Results

FORT COLLINS, Colo. – Colorado State University's Department of Athletics has submitted its 2021-22 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 return of fans to arenas on campus with the 2021 volleyball season and majority of the 2021-22 basketball seasons requiring masks for fans in attendance to Moby Arena. Outdoor events, including those at Canvas Stadium for the 2021 season, did not have a masking requirement.

Highlights of the 2021-22 Financial Report:

Saw $16.2 million in gross revenue and $13.4 million in net revenue for the operation of Canvas Stadium, the second-highest marks since opening the venue in 2017
Exceeded the CSL study in net income variance for the stadium in FY22 by $1.15 million
Took less University one-time support than budgeted, a mark achieved every year during Joe Parker's tenure as Director of Athletics
Football transition utilized $2.3 million in funds from Hughes Stadium site sale proceeds
Saw significant increases in revenue in men's basketball, overall concessions, Mountain West media rights fee, and donor contributions
Operations returned to pre-pandemic levels

On February 2, 2023, Director of Athletics Joe Parker presented the results to the CSU System Board of Governors.

Links:
FY22 NCAA Report
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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