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Despite Oklahoma State athletics turning a profit in 2020, Mike Holder is bracing for shortfall this fiscal year

STILLWATER — Despite losing the Big 12 and NCAA basketball tournaments and some other spring events last year because of the pandemic, the Oklahoma State athletic department still reported a financial profit for the 2020 fiscal year, which concluded at the end of June.

OSU cleared a little more than $1.1 million for the fiscal year, though repeating that accomplishment in 2021 doesn’t appear possible.

For the 2020 fiscal year, OSU brought in revenues of $93,608,058 with total expenses of $92,501,090, resulting in a net profit of $1,107,968 according to the financial report OSU submitted to the NCAA, which was obtained by the USA Today Network and The Oklahoman.