Ann Arbor — For the second straight year, Michigan’s athletics department projects an operating budget surplus of $2.5 million for fiscal year 2019.
Michigan athletic director Warde Manuel presented the budget at the Michigan Board of Regents meeting Thursday afternoon.
The department projects revenues of nearly $188 million, including a significant boost from the Big Ten financial distributions. Michigan will receive $52.1 million in Big Ten conference disbursements.
The Big Ten’s new television football and basketball agreements last year gave Michigan a big chunk from the conference. Michigan received $51.1 million in conference disbursements, a significant increase from the $36.