PSU Athletic Department debt more than triples

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Penn State earned $88.9 million from the Big Ten, the second-highest distribution among all members, reflecting the Nittany Lions' run to the CFP semifinals. But a deeper look at the program's finances reveals a more complicated picture.

Penn State closed fiscal year 2025 with $534.7 million in athletics-related debt, more than tripling the $163.1 million it reported the prior year. That figure exceeds every other major athletic department in the country, including Florida State's $437 million.

https://www.msn.com/en-us/sports/other/two-college-football-giants-top-revenue-charts-after-big-ten-s-1-5-billion-surge
 
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