Currie releases budget details

By The Mercury

In his regular letter to fans, Kansas State athletic director John Currie released details on the 2015 athletic budget for K-State Athletics, touting a surplus in 2014 and an 8.5 percent increase to the overall budget in the coming fiscal year.

The budget will increase by $5.65 million up to $65.7 million.

Currie wrote he expects more than $31 million to come from ticket sales and Ahearn Fund contributors, with another $26 million in revenue share from the Big 12 Conference and the NCAA.

More than half of the budget will go toward the operations of K-State’s 16 athletic teams.

“On the expense side, approximately 58 percent of our budget is in the direct operations of our teams, which includes scholarships, sports medicine, coaching, travel, recruiting, etc.,” Currie wrote. “We will see an 18 percent increase (approximately $700,000 total) in our student-athlete support line, which accounts for additional nutritional expenses that we will incur under recent NCAA legislation that allows institutions to provide additional meals and snacks to student-athletes.

“Our plan is to provide an enhanced morning ‘snack’ Monday through Friday while also significantly upgrading the nutritional offerings in our strength training areas with ‘fuel stations’ which will include healthy performance items like fruit, smoothies, etc.”

The administration portion of the budget will make about $3.4 million, while athletics will pay the University $370,000 for administrative support.

The department no longer receives direct institutional support from the university, and is now working on a plan to pay its own utility bills for athletic facilities by 2016, which would save K-State nearly $3 million annually.

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