Even though Ohio State athletics is reporting a $10 million deficit for the 2024 fiscal year and its expenses are about to increase even more in 2025, Ted Carter is confident Ohio State’s athletic department will remain profitable without cutting any sports.
Ohio State’s new president says the deficit for the fiscal year that just ended shouldn’t be seen as a reason to worry. Echoing what new Ohio State athletic director Ross Bjork told the Columbus Dispatch last month when he revealed that OSU would report a budget shortfall of more than $10 million for the year, which started in July 2023 and ended in June 2024, Carter said that deficit was largely a result of Ohio State hosting only six home football games in 2023.