NIL & NCAA Revenue Sharing by School& NIL

Average Power Conference 2026 Football Roster Cost will exceed $ 23 million:

We estimate Power Conference football teams will have a median roster cost of $ 23 million for the 2026 season, with half of SEC teams above $ 30 million. Players are paid via a combination of revenue sharing and third-party NIL:

Median FBS Roster Costs by Conference 2026-27	Total Payments to Players ($)	Paid by School via Revenue Sharing	Paid via Third-Party Commercial NIL *
SEC	30,161,000	15,600,000	14,561,000
Big Ten	24,408,000	15,600,000	8,808,000
Big 12	21,607,000	15,600,000	6,007,000
ACC	21,240,000	15,600,000	5,640,000
Power 4 Median ($)	$ 23,147,000	$ 15,600,000	$ 7,547,000

Estimated 2026 Football Roster Costs for all 68 Power Conference teams:

Estimated Roster Costs P4 Football Teams 2026 *	Conference	Roster Cost Estimate ($)
Texas	SEC	46,485,000
Oregon	Big Ten	43,405,000
Louisiana State	SEC	40,966,000
Ohio State	Big Ten	40,421,000
Miami	ACC	38,629,000
Notre Dame	Independent	38,448,000
Texas A&M	SEC	36,797,000
Alabama	SEC	36,490,000
Georgia	SEC	35,173,000
Southern Cal	Big Ten	34,728,000
Tennessee	SEC	33,696,000
Texas Tech	Big 12	33,320,000
Michigan	Big Ten	32,964,000
Mississippi	SEC	31,815,000
Oklahoma	SEC	31,470,000
Penn State	Big Ten	29,208,000
Auburn	SEC	28,852,000
Florida	SEC	28,524,000
Clemson	ACC	27,786,000
Missouri	SEC	27,505,000
Nebraska	Big Ten	27,440,000
South Carolina	SEC	27,355,000
Indiana	Big Ten	27,253,000
Florida State	ACC	26,391,000
Washington	Big Ten	26,357,000
Vanderbilt	SEC	25,457,000
Kentucky	SEC	24,538,000
Wisconsin	Big Ten	24,484,000
Houston	Big 12	24,456,000
UCLA	Big Ten	24,332,000
Arkansas	SEC	23,935,000
Maryland	Big Ten	23,720,000
Iowa	Big Ten	23,649,000
Colorado	Big 12	23,179,000
Michigan State	Big Ten	23,115,000
Brigham Young	Big 12	23,041,000
Mississippi State	SEC	22,942,000
Texas Christian	Big 12	22,683,000
Minnesota	Big Ten	22,575,000
Oklahoma State	Big 12	22,146,000
Southern Methodist	ACC	22,044,000
Utah	Big 12	21,947,000
Virginia Tech	ACC	21,908,000
Louisville	ACC	21,906,000
North Carolina	ACC	21,876,000
Illinois	Big Ten	21,854,000
Georgia Tech	ACC	21,750,000
Kansas State	Big 12	21,690,000
Arizona State	Big 12	21,524,000
Rutgers	Big Ten	21,321,000
Pittsburgh	ACC	21,240,000
Virginia	ACC	21,084,000
Northwestern	Big Ten	21,035,000
Baylor	Big 12	20,967,000
West Virginia	Big 12	20,925,000
Duke	ACC	20,492,000
North Carolina State	ACC	20,456,000
Arizona	Big 12	20,401,000
California	ACC	20,378,000
Purdue	Big Ten	20,367,000
Stanford	ACC	20,324,000
Iowa State	Big 12	20,098,000
Syracuse	ACC	20,074,000
Cincinnati	Big 12	20,049,000
Wake Forest	ACC	20,022,000
Kansas	Big 12	19,900,000
Central Florida	Big 12	19,800,000
Boston College	ACC	18,797,000

* Data on third-party NIL is private, and schools keep this information closer to the vest than even the original formula for Coca-Cola. There is some unsupported speculation about possible current season $ 60 million football rosters, but as we occasionally say in the accounting biz, those are clown numbers bro.  See our methodology page for how we arrived at these estimates.

We currently do not have 2026 estimates for Group of 6 football teams solid enough to post.  But best indications are that most G6 roster costs are likely in the range of $ 1 million to $ 3 million (virtually all revenue sharing) which is consistent with the 22% of athletic revenue benchmark arrived at in the House v NCAA settlement. However there are a handful of CFP aspiring G6 schools clearly paying much higher than this. 

NCAA I Football Coach Salary Ranges:

SEC head football coaches now average over $ 9 million per year in annual compensation, and a few are above $ 12 million per year. Not a big mystery why coaches jump conferences:

Head Football Coach Compensation ($) *		Average per team	High ($)	Low ($)
SEC		9,244,319	13,572,923	4,394,745
Big Ten		7,953,219	12,057,621	3,326,788
ACC		6,259,669	8,002,376	4,655,901
Big 12		5,688,492	8,595,985	3,787,805
Pac-12		2,098,798	2,584,128	1,224,958
American		1,933,504	2,648,219	1,148,591
Mountain West		1,330,989	2,624,195	514,104
Sun Belt		1,044,215	1,280,266	839,000
Mid-American		1,040,250	1,650,809	482,887
Conference USA		998,215	1,794,770	624,010
FCS Schools		414,907	816,377	195,576
P4 Teams ($)		7,442,552	13,572,923	3,326,788
G6 Teams ($)		1,360,974	2,648,219	482,887
FCS Teams ($)		414,907	816,377	195,576

Average NCAA I Football Staff Payrolls:

Disparities in compensation aren’t limited to just player rosters, there is also a wide difference in football coaching and support staff payrolls: 

Football Staff * Average Payroll		Average per team	Head Coach	Assistant Coaches	Support Staff	Severance Payments
SEC		26,931,774	9,244,319	9,782,757	6,755,549	1,149,149
Big Ten		24,205,387	7,953,219	9,237,918	6,211,297	802,952
ACC		22,082,473	6,259,669	8,325,283	6,291,013	1,206,508
Big 12		16,541,521	5,688,492	6,084,153	3,652,589	1,116,288
Pac-12		8,259,208	2,098,798	4,191,549	1,648,592	320,269
American		7,392,211	1,933,504	3,112,460	1,526,996	819,252
Mountain West		5,086,308	1,330,989	2,597,580	1,117,293	40,446
Sun Belt		4,613,206	1,044,215	2,261,675	1,096,231	211,085
Mid-American		3,817,671	1,040,250	2,018,379	598,582	160,460
Conference USA		3,475,314	998,215	1,780,657	499,121	197,322
FCS Schools		1,693,261	414,907	1,124,406	133,412	20,536
P4 Average ($)		22,440,289	7,442,552	8,398,241	5,677,340	10,40,427
G6 Average ($)		5,282,696	1,360,974	2,619,977	1,045,434	256,311
FCS Average ($)		1,693,261	414,907	1,124,406	133,412	20,536

* Per most recently available reporting from NCAA I public universities.

 

Roster Caps will have a significant effect on the College Football landscape:

 As part of the House v NCAA settlement, scholarship limits have been removed, and roster caps have been established for each sport. For electing schools, NCAA I football rosters cannot exceed 105 players (subject to a phase-in) going forward.  Since Power 4 schools had an average football roster of 130 players prior to roster limits, this means there will be around 1,700 players otherwise on a P4 roster likely looking for a school to play at:

Effect of NCAA Roster Caps on Power Conference football teams:
Average Power 4 Football Roster		130
New FBS Football Limit		105
Average number of players above cap		25
Total number of Power 4 Schools		68
Number of available Power 4 caliber Players		1,700

 This is a significant recruiting windfall for Group of 6 and FCS teams. What G6 team wouldn’t seriously consider recruiting a football player talented enough to otherwise be on say an Alabama, Michigan or Southern Cal roster? G6 and FCS schools are also subject to roster limits, but due to the cascading effect of the talent pool, the net result is that their 105 player teams will likely be of a higher overall talent than they were prior to roster limits. It’s not a coincidence that FCS programs had their best recruiting class in 2026 according to many reports. And this was one of the primary objectives of the new framework … to prevent big budget schools from stockpiling talented players on oversized rosters in the NIL & revenue sharing era. 

One of the interesting twists in the NIL era is that G6 schools are not as competitively disadvantaged as some seem to think. Prior to the decision in House v NCAA, no team could legally compensate players other than by providing an athletic scholarship. But in the NIL era, many Power conference teams are now paying close to $ 40 million per year to assemble a competitive football roster, while most G6 Schools will pay only a fraction of this, likely around $ 3 million. This is due to the massive difference in what a recruited player costs. A 5-star player can command close to $ 2 million per year, while a 4-star may run a team $ 500,000 … these are the athletes Power conference schools most aggressively recruit.  And if you’re aiming to load up both sides of the ball with 4- and 5-star players your payroll costs are going to rapidly escalate. But here’s the rub … elite teams today with roster costs exceeding $ 40 million are no better than the elite teams of 5 years ago that cost nothing to assemble.  

Conversely, G6 schools rarely signed 4- or 5-star recruits even before NIL and revenue sharing came into play, and few if any are participating in the escalating and risky NIL bidding wars for top recruits. Instead, most G6 schools generally focus on 3-star recruits who might cost $ 50,000 per year, and 2-star recruits who get no compensation other than a scholarship.  And with the effect of roster limits, many G6 schools will still end up with teams that are more competitive than they were in prior years. So in the NIL era it’s the Power Conference schools that must pay substantially more each year just to maintain their competitive position. Not surprisingly, it’s also the high spending Power 4 schools that are most often (and accurately) calling the current NIL era unsustainable.  

A study published by researchers at Carnegie Mellon and UT Dallas also came to the conclusion that NIL & revenue sharing will result in a more competitive balance between schools due to a wider distribution of talent across college programs. The study is especially compelling as it challenges several conventional assumptions about the competitive balance in intercollegiate athletics. 

The new Pac-12 begins play this fall … is it the sweet spot conference in the NIL & Revenue Sharing Era?

 

A primer on NIL:

NIL refers to “Name, Image & Likeness”.  For nearly 100 years, NCAA regulations on amateur sports barred its athletes from receiving compensation in any form other than athletic scholarships. However a series of recent court cases held that college athletes are allowed to receive compensation for use of their name, image and likeness, such as for advertising, product endorsements and social media posts.

There are two distinct types of NIL: Third-Party NIL & Institution NIL (Revenue Sharing)

Third-party NIL (Commercial NIL) is paid to athletes by businesses and organizations independent of the schools. While there is no limit to the amount of compensation an athlete may receive, all third-party NIL deals over $ 600 must be submitted to the College Sports Commission (CSC) for approval to confirm that it represents true NIL and not “pay to play” compensation which remains prohibited.

Institutional NIL (Revenue Sharing) is paid directly to athletes by NCAA member schools. The maximum revenue sharing payment allowed per school is $ 21.3 million (up from $ 20.5 million) for the current 6/30/27 fiscal year. The Protect College Sports Act currently in Congress proposes to increase the revenue sharing cap to almost $ 49 million.  Participation in revenue sharing is optional, currently 328 of the 365 total NCAA I schools have elected to participate. 

Additionally, the settlement in House v NCAA removed prior scholarship limits for NCAA I sports and substituted roster limits instead. Consequently, participating schools can now effectively offer every athlete a full scholarship.

While these recent developments are great for most NCAA I athletes, it has also resulted in a massive hit to many school athletic department budgets. Revenue sharing and increased scholarship awards could add close to $ 30 million in new costs this year at most Power conference schools … and this doesn’t factor in the effect of third-party NIL.

NIL & Revenue Sharing – NCAA I Schools

There are currently 365 NCAA I member schools of which 328 are participating in revenue sharing and 37 are currently opting out:

NCAA I Member Schools 2026-27	Total Schools	Participating in Revenue Sharing	Not currently Participating
FBS Schools	138	135	3
FCS Schools	128	104	24
Schools w/o Football	99	89	10
Totals	365	328	37

It’s called Revenue Sharing for a reason …

College athletic departments are funded by a combination of revenue and support. Revenue is income from exchange transactions (ticket sales, advertising, media contracts, etc.) while support includes receipts from booster contributions, school funding and student fees. For purposes of revenue sharing, only revenues enter into the equation … schools do not want to be obligated to make hefty payments for sports with limited revenues. 

The current $ 21.3 million revenue sharing cap did not just come out of thin air. It is based on the settlement in the landmark House v NCAA case, in which the NCAA agreed to allow schools to compensate their student athletes directly.  Based on studies done at the time, 22% of revenue was agreed upon as a fair benchmark for a revenue share.  Accordingly, the initial cap was set at 22% of the average athletic department revenue for Power 5 conference schools,  which at the time of the settlement was around $ 100 million per school. Since then, the Power 5 became the Power 4 after the old Pac-12 imploded, and average Power 4 school revenue has increased to $ 120 million per year. Based on the 22% benchmark, here is how revenue sharing payments would be allocated:

Average Operating Revenues NCAA I Football Schools ($)		Average Revenue	22% of Revenue	Revenue Sharing Cap 2026-27 ($)
Power 4		120,011,476	26,402,525	21,300,000
Pac-12 (the new one)		35,840,369	7,884,881	21,300,000
Group of 5		13,289,402	2,923,668	21,300,000
FCS Schools		6,110,572	1,344,326	21,300,000

Revenue sharing is optional and a school can pay any amount as long as total payments don’t exceed $ 21.3 million for 2026-27. The Protect College Sports Act currently in Congress would increase the revenue sharing cap to almost $ 49 million by adding a $ 22.5 million retention fund, and $ 5 million in NIL for women’s and Olympic sports. As we occasionally say in the accounting biz, that’s a lot of cabbage. The following table details average operating revenues by football conference.

Average Revenues & Support – Football Schools:

Athletic Department costs are funded by a combination of operating revenues and support from booster contributions, school funding and student fees. Here are 2025 averages per available NCAA reporting:

2025 Revenue & Support ($) NCAA I Football Schools *		Power 4 Schools	Pac-12 Schools	Group of 5 Schools	FCS Schools
Ticket Sales		32,391,889	7,455,472	2,744,779	1,509,374
Media, NCAA & Conference		59,253,253	14,902,469	5,054,811	1,684,374
Licenses & Sponsorships		15,386,376	6,743,787	2,066,101	960,773
Games Day & Concessions		4,907,653	1,449,274	499,060	180,256
Game Guarantees		989,944	1,283,364	1,971,405	1,062,052
Other Operating Revenues		7,082,361	4,006,003	953,246	713,744
Revenue from Operations		120,011,476	35,840,369	13,289,402	6,110,572
Booster Contributions		44,405,481	14,711,934	4,532,667	2,426,140
School Support & Student Fees		14,773,288	29,869,377	29,234,509	17,895,548
Endowment & Investment		3,929,692	458,928	344,711	391,764
Total Revenue & Support ($)		183,119,937	80,880,608	47,401,290	26,824,025
Total Expenses (See below)		182,947,702	76,619,213	47,911,769	27,663,926

Average Operating Expenses – Football Schools:

2025 Operating Expenses NCAA I Football Schools *		Power 4 Schools	Pac-12 Schools	Group of 5 Schools	FCS Schools
Coaching Salaries		33,984,620	13,920,164	8,962,245	5,417,020
Administrative Salaries		30,952,506	11,815,378	7,279,479	3,960,388
Athletic Scholarships		16,388,466	10,075,188	8,547,257	6,490,369
Game Guarantees		2,955,064	1,227,427	742,738	207,344
Severance Payments		1,981,346	457,599	250,570	51,313
Recruiting		3,509,848	1,331,421	876,500	350,876
Team Travel		10,373,875	4,779,701	3,953,175	2,576,467
Uniforms, Equip & Supplies		4,961,170	2,660,916	1,796,597	1,040,341
Game Day Expenses		7,771,605	3,213,645	1,651,396	786,277
Fundraising & Marketing		9,200,951	1,614,792	779,092	417,558
Facilities debt service & leases		13,998,954	8,707,885	2,427,036	932,881
Facility Operating Expenses		8,396,346	1,924,859	1,072,544	400,723
Athlete Medical & Insurance		2,168,479	1,223,094	756,316	517,573
Student Athlete Meals		4,516,119	1,425,943	1,001,696	370,316
Post-Season Expenses		4,699,387	1,482,366	777,245	226,961
Alston & related benefits		2,405,449	574,572	167,416	59,498
Overhead & Administration		13,058,925	6,391,715	4,025,872	2,118,190
Other Operating Expenses		11,624,592	3,792,548	2,844,594	1,739,831
Average per School ($)		182,947,702	76,619,213	47,911,769	27,663,926

 

Is the NIL era doomed in its present form? 2025 Financial results for FBS Conference Schools:

Based on NCAA financial reporting, Power 4 conference schools collectively averaged almost $ 63 million in net operating losses in 2025. These losses were funded by booster contributions averaging $ 44 million per school, student fees and school support averaging $ 15 million per school, and endowment / investment income averaging $ 4 million per school:

2025 Operating Results ($) FBS Conference Averages		Operating Revenue	Operating Expenses	Net Loss from Operations ($)	Booster Contributions	School Support & Student Fees	Endowment & Investments	Net Surplus (Deficit) **	% of expenses paid by School & Student Fees
SEC		146,844,302	224,947,226	- 78,102,924	65,842,515	8,037,633	4,566,251	343,475	4%
Big Ten		146,041,873	194,248,880	- 48,207,007	36,045,471	9,185,690	3,623,092	647,246	5%
ACC		97,639,846	169,270,445	- 71,630,599	38,091,667	23,751,097	6,425,340	- 3,362,495	14%
Big 12		74,250,529	131,669,516	- 57,418,987	34,806,296	22,875,734	1,440,402	1,703,445	17%
Pac-12		35,840,369	76,619,213	- 40,778,844	14,711,934	29,869,377	458,928	4,261,395	39%
American		19,781,528	63,666,350	- 43,884,822	7,774,888	37,616,118	282,386	1,788,570	59%
Mountain West		19,662,027	51,090,956	- 31,428,929	5,527,785	25,297,462	923,492	319,810	50%
Sun Belt		10,850,443	46,169,525	- 35,319,082	5,240,123	27,637,516	91,275	- 2,350,168	60%
Mid-American		9,645,542	41,970,787	- 32,325,245	2,335,113	28,375,273	202,893	- 1,411,966	68%
Conference USA		9,817,522	41,283,623	- 31,466,101	2,503,917	29,473,075	429,878	940,769	71%
P4 Average ($)		120,011,476	182,947,702	- 62,936,226	44,405,481	14,773,288	3,929,692	172,235	8%
G6 Average ($)		16,770,435	52,689,175	- 35,918,740	6,125,056	29,642,173	400,042	248,531	56%

And these losses are before Revenue Sharing and additional scholarships (see tables below) add another $ 30 million in additional costs this year to many, if not most P4 athletic budgets. Consequently, many Power conference schools will be looking at eye-popping net operating losses of over $ 100 million this year. 

The bottom line is schools have to come up with money from somewhere to pay for all this red ink. Historically, deficits have been funded by a combination of athletic department contributions, student fees and direct school support. However, these traditional sources of support are unlikely to keep pace with skyrocketing operating costs, including a free-for-all dumpster fire in third party NIL. Despite the hard sell by many athletic departments, there are indications that booster fatigue may be increasing.

And it’s going to be increasingly difficult for athletic departments to continue to tap school general funds or student fees to cover growing deficits. Federal funding cuts and declining college enrollment are placing an enormous financial strain on universities nationwide. It will be difficult for schools to rationalize academic department cuts and staff layoffs, while at the same time giving money burning athletic departments a seemingly blank check to pay teen-age football and basketball players millions of dollars per year. 

This is the reason why many schools and conferences are looking at alternate sources of funding including private equity arrangements and a so-caller super league. It’s why the current NIL era is most likely not sustainable in its present structure.

 Annual Operating Expenses – All NCAA I schools 2022-25:

A big table with a wide range of annual spending … from a low of $ 5 million to just under $ 300 million. Per EADA (Title IX) reporting, Power conference athletic department averaged $ 170 million in annual operating expenses, an increase of $ 45 million per school over the past 3-years … and this is before revenue sharing kicks in:

NCAA I Athletic Department Annual Expenses 2022-25 *	Spending Rank *	Football Sub-Div	Football Conference	Basketball Conference	FY 2025 ($)	FY 2024 ($)	FY 2023 ($)	FY 2022 ($)	3-year % Increase
Ohio State	1	FBS	Big Ten	Big Ten	295,265,883	262,172,467	234,409,941	209,874,565	41%
Tennessee	2	FBS	SEC	SEC	285,364,027	204,906,178	180,206,473	152,662,163	87%
Texas	3	FBS	SEC	SEC	277,413,781	237,475,591	199,292,967	192,754,766	44%
Notre Dame	4	FBS	Independent	ACC	244,698,449	209,049,397	204,392,860	170,878,848	43%
Oklahoma	5	FBS	SEC	SEC	234,426,470	188,623,620	181,311,331	185,625,893	26%
Southern California	6	FBS	Big Ten	Big Ten	234,029,848	242,378,198	212,013,703	187,650,353	25%
Penn State	7	FBS	Big Ten	Big Ten	231,709,762	199,046,216	191,411,846	174,110,034	33%
Miami	8	FBS	ACC	ACC	230,484,608	182,459,468	159,633,958	148,497,805	55%
Alabama	9	FBS	SEC	SEC	229,908,712	243,096,720	191,190,486	174,715,501	32%
Texas A & M	10	FBS	SEC	SEC	228,301,283	223,847,369	174,723,140	157,702,310	45%
Georgia	11	FBS	SEC	SEC	226,736,834	182,882,099	176,104,818	159,508,178	42%
Michigan	12	FBS	Big Ten	Big Ten	222,088,909	220,814,081	202,501,688	176,070,866	26%
Louisiana State	13	FBS	SEC	SEC	219,649,408	218,545,643	199,111,003	192,770,400	14%
South Carolina	14	FBS	SEC	SEC	203,259,302	183,652,273	160,420,147	144,815,377	40%
Florida	15	FBS	SEC	SEC	199,237,539	180,556,616	176,795,879	177,969,655	12%
Nebraska	16	FBS	Big Ten	Big Ten	198,462,402	175,438,100	160,904,566	124,061,227	60%
Auburn	17	FBS	SEC	SEC	195,930,163	182,486,390	183,653,846	146,645,900	34%
Stanford	18	FBS	ACC	ACC	192,802,320	199,603,664	179,645,688	156,600,887	23%
Florida State	19	FBS	ACC	ACC	192,717,172	169,896,350	170,434,508	147,596,659	31%
Arkansas	20	FBS	SEC	SEC	188,988,863	170,011,614	170,990,473	148,280,378	27%
Kentucky	21	FBS	SEC	SEC	186,609,679	193,915,782	166,220,830	151,254,460	23%
Clemson	22	FBS	ACC	ACC	186,106,774	171,016,070	152,093,316	140,436,882	33%
Missouri	23	FBS	SEC	SEC	181,114,849	157,734,870	124,293,939	107,823,990	68%
North Carolina	24	FBS	ACC	ACC	180,835,031	149,062,850	136,891,350	117,437,619	54%
Duke	25	FBS	ACC	ACC	180,590,186	166,757,447	150,765,898	148,026,188	22%
Wisconsin	26	FBS	Big Ten	Big Ten	180,525,755	172,873,023	173,758,101	132,104,285	37%
Washington	27	FBS	Big Ten	Big Ten	174,834,634	187,686,516	140,259,588	136,494,743	28%
Illinois	28	FBS	Big Ten	Big Ten	174,612,181	149,390,875	134,767,269	113,652,548	54%
UCLA	29	FBS	Big Ten	Big Ten	173,429,394	170,897,220	141,964,728	131,106,913	32%
California	30	FBS	ACC	ACC	173,116,318	146,563,317	134,872,865	114,485,848	51%
Rutgers	31	FBS	Big Ten	Big Ten	171,679,918	155,852,426	130,221,793	130,891,215	31%
Mississippi	32	FBS	SEC	SEC	171,119,339	145,401,658	136,764,296	123,796,191	38%
Oregon	33	FBS	Big Ten	Big Ten	164,742,082	148,961,287	128,532,281	121,162,341	36%
Colorado	34	FBS	Big 12	Big 12	161,512,069	138,325,220	136,114,468	95,981,956	68%
Michigan State	35	FBS	Big Ten	Big Ten	160,697,176	164,109,191	149,254,610	128,196,083	25%
Kansas	36	FBS	Big 12	Big 12	159,866,627	156,040,840	139,748,616	119,029,741	34%
Indiana	37	FBS	Big Ten	Big Ten	159,331,697	164,249,955	126,886,128	113,738,066	40%
Mississippi State	38	FBS	SEC	SEC	157,301,826	125,114,437	113,473,523	100,888,464	56%
Texas Christian	39	FBS	Big 12	Big 12	155,989,500	141,889,741	149,297,918	138,998,636	12%
Louisville	40	FBS	ACC	ACC	154,819,604	165,168,798	152,601,594	139,978,924	11%
Oklahoma State	41	FBS	Big 12	Big 12	153,679,234	130,346,189	118,229,024	100,439,115	53%
Pittsburgh	42	FBS	ACC	ACC	151,337,808	138,637,236	136,704,076	122,722,495	23%
Iowa	43	FBS	Big Ten	Big Ten	150,892,055	150,493,777	140,482,011	126,680,448	19%
Virginia	44	FBS	ACC	ACC	150,622,194	134,608,065	125,968,540	121,148,341	24%
Southern Methodist	45	FBS	ACC	ACC	150,225,313	99,506,414	86,044,162	79,414,946	89%
Arizona State	46	FBS	Big 12	Big 12	149,346,605	126,892,086	128,265,591	107,133,368	39%
Virginia Tech	47	FBS	ACC	ACC	148,984,818	126,337,823	117,168,565	109,216,783	36%
Minnesota	48	FBS	Big Ten	Big Ten	146,804,169	138,599,675	128,573,351	113,686,733	29%
Vanderbilt	49	FBS	SEC	SEC	146,388,389	140,707,218	125,133,666	110,941,948	32%
Baylor	50	FBS	Big 12	Big 12	144,126,427	148,063,513	137,460,582	111,131,098	30%
Boston College	51	FBS	ACC	ACC	142,122,049	136,563,473	118,430,392	95,703,917	49%
Georgia Tech	52	FBS	ACC	ACC	140,430,227	127,823,348	114,155,972	91,780,856	53%
Brigham Young	53	FBS	Big 12	Big 12	136,864,784	115,666,650	106,430,702	79,763,543	72%
Purdue	54	FBS	Big Ten	Big Ten	135,140,397	116,766,603	105,239,251	89,722,572	51%
Arizona	55	FBS	Big 12	Big 12	132,661,899	138,959,027	136,866,623	116,078,717	14%
Northwestern	56	FBS	Big Ten	Big Ten	131,779,238	124,080,838	117,587,514	105,383,998	25%
North Carolina State	57	FBS	ACC	ACC	129,009,673	124,901,094	118,653,089	100,680,079	28%
Maryland	58	FBS	Big Ten	Big Ten	128,662,116	132,764,504	121,160,348	114,385,462	12%
Texas Tech	59	FBS	Big 12	Big 12	127,895,343	114,344,886	113,108,592	98,332,538	30%
South Florida	60	FBS	American	American	122,093,386	95,425,212	70,344,509	62,288,596	96%
Cincinnati	61	FBS	Big 12	Big 12	119,327,103	89,597,392	77,436,016	60,524,390	97%
Utah	62	FBS	Big 12	Big 12	118,667,209	111,749,094	110,060,805	90,906,746	31%
West Virginia	63	FBS	Big 12	Big 12	117,413,366	106,013,297	103,142,400	97,067,706	21%
Wake Forest	64	FBS	ACC	ACC	114,628,069	102,342,890	97,298,475	84,889,487	35%
Syracuse	65	FBS	ACC	ACC	108,994,576	108,152,358	94,193,664	84,556,101	29%
Iowa State	66	FBS	Big 12	Big 12	103,893,160	100,471,526	92,987,544	86,715,005	20%
Central Florida	67	FBS	Big 12	Big 12	103,615,446	90,055,820	88,199,644	69,779,276	48%
Kansas State	68	FBS	Big 12	Big 12	100,807,499	87,502,697	96,925,648	84,245,973	20%
Oregon State	69	FBS	Pac-12	Pac-12	100,306,447	112,813,895	97,792,784	87,727,179	14%
Houston	70	FBS	Big 12	Big 12	100,162,965	98,914,486	84,023,065	78,806,406	27%
Connecticut	71	FBS	Independent	Big East	97,050,998	91,528,665	83,120,168	92,529,757	5%
San Diego State	72	FBS	Pac-12	Pac-12	89,827,012	83,949,123	96,611,757	67,245,917	34%
Yale	73	FCS	Ivy	Ivy	77,961,312	77,124,108	72,430,360	66,265,805	18%
St. John's	74	z-	z-	Big East	77,352,606	53,780,439	44,884,577	40,573,584	91%
UNLV	75	FBS	Mountain West	Mountain West	74,767,674	65,376,772	57,517,603	42,320,074	77%
Temple	76	FBS	American	American	71,198,560	70,320,170	68,819,131	67,128,393	6%
Rice	77	FBS	American	American	70,408,131	64,414,381	51,832,652	42,350,198	66%
Boise State	78	FBS	Pac-12	Pac-12	69,810,118	59,885,465	52,634,907	44,813,269	56%
Washington State	79	FBS	Pac-12	Pac-12	68,573,910	78,538,161	79,015,052	82,858,720	-17%
Villanova	80	FCS	Patriot League	Big East	68,488,700	60,998,084	58,703,280	62,676,852	9%
James Madison	81	FBS	Sun Belt	Sun Belt	68,384,574	66,110,281	57,767,541	52,857,185	29%
Tulane	82	FBS	American	American	66,211,945	39,305,494	43,392,842	34,183,387	94%
Memphis	83	FBS	American	American	65,857,423	62,737,618	64,332,894	56,896,042	16%
Delaware	84	FBS	CUSA	CUSA	65,523,927	48,411,479	44,957,890	41,625,478	57%
East Carolina	85	FBS	American	American	64,764,468	63,575,819	60,875,612	51,812,739	25%
Fresno State	86	FBS	Pac-12	Pac-12	63,439,685	55,761,420	51,120,332	45,811,581	38%
Liberty	87	FBS	CUSA	CUSA	62,067,210	69,076,595	62,539,066	57,423,638	8%
Tulsa	88	FBS	American	American	59,760,481	46,084,367	46,552,301	47,406,950	26%
Pennsylvania	89	FCS	Ivy	Ivy	59,309,407	56,137,691	46,277,380	44,747,142	33%
Providence	90	z-	z-	Big East	58,732,216	55,360,053	53,847,077	49,430,230	19%
Denver	91	z-	z-	West Coast	58,713,471	51,534,887	46,885,104	42,054,658	40%
Georgetown	92	FCS	Patriot League	Big East	58,538,782	58,357,795	68,972,755	47,075,217	24%
North Texas	93	FBS	American	American	58,119,360	53,633,725	50,339,520	44,222,541	31%
Massachusetts	94	FBS	MAC	MAC	57,654,295	49,525,166	47,604,239	43,882,480	31%
New Mexico	95	FBS	Mountain West	Mountain West	56,544,018	53,043,230	45,941,398	43,922,247	29%
Colorado State	96	FBS	Pac-12	Pac-12	55,794,198	50,262,504	61,535,599	59,275,605	-6%
Charlotte	97	FBS	American	American	54,956,032	47,156,982	38,472,125	33,615,643	63%
Hawaii	98	FBS	Mountain West	Mountain West	53,793,049	53,350,682	49,418,189	43,634,526	23%
Old Dominion	99	FBS	Sun Belt	Sun Belt	53,232,824	51,827,948	48,623,590	45,109,567	18%
Nevada	100	FBS	Mountain West	Mountain West	53,153,531	53,916,558	49,524,849	45,228,708	18%
Texas State	101	FBS	Pac-12	Pac-12	52,238,898	46,310,998	42,700,888	33,707,371	55%
Richmond	102	FCS	Patriot League	Atlantic 10	50,598,031	47,266,585	42,197,648	38,071,357	33%
Wyoming	103	FBS	Mountain West	Mountain West	50,399,891	53,042,120	47,746,153	41,751,385	21%
Princeton	104	FCS	Ivy	Ivy	50,386,480	47,797,015	44,300,839	37,118,165	36%
Buffalo	105	FBS	MAC	MAC	49,986,844	42,113,971	30,478,190	30,998,762	61%
UTSA	106	FBS	American	American	49,898,232	48,689,117	44,777,300	37,604,241	33%
Florida Atlantic	107	FBS	American	American	49,292,817	45,319,502	39,202,450	34,737,083	42%
Utah State	108	FBS	Pac-12	Pac-12	48,349,839	42,936,608	45,575,192	43,035,302	12%
Harvard	109	FCS	Ivy	Ivy	47,700,542	43,636,552	39,568,660	32,850,494	45%
DePaul	110	z-	z-	Big East	47,676,134	42,462,377	39,406,538	33,627,815	42%
Fordham	111	FCS	Patriot League	Atlantic 10	47,556,052	44,514,033	43,971,302	39,567,321	20%
Marshall	112	FBS	Sun Belt	Sun Belt	47,042,862	45,966,327	43,778,074	38,114,204	23%
Coastal Carolina	113	FBS	Sun Belt	Sun Belt	46,978,290	43,509,290	38,153,878	38,077,490	23%
UC Davis	114	FCS	Big Sky	Mountain West	46,854,471	46,626,686	40,571,193	34,863,428	34%
Cornell	115	FCS	Ivy	Ivy	46,719,601	40,756,322	36,227,301	36,812,888	27%
Sacramento State	116	FBS	MAC	Big West	46,274,655	33,323,561	34,284,776	35,004,648	32%
Long Island	117	FCS	Northeast	Northeast	45,931,608	46,592,675	42,527,621	35,913,518	28%
Cal Poly	118	FCS	Big Sky	Big West	45,535,245	35,298,634	30,710,336	27,857,623	63%
Lehigh	119	FCS	Patriot League	Patriot League	45,257,553	42,935,424	41,551,436	38,354,154	18%
Appalachian State	120	FBS	Sun Belt	Sun Belt	44,964,352	43,110,256	38,816,356	32,271,589	39%
Marquette	121	z-	z-	Big East	44,620,329	46,585,799	42,574,305	39,362,305	13%
New Hampshire	122	FCS	Coastal	America East	44,558,664	34,986,719	35,261,617	31,245,488	43%
Boston University	123	z-	z-	Patriot League	44,035,109	41,736,898	38,500,462	36,924,212	19%
Sacred Heart	124	FCS	Coastal	Metro Atlantic	43,901,462	41,021,209	36,865,165	31,970,299	37%
Western Michigan	125	FBS	MAC	MAC	43,722,663	40,487,398	40,804,290	34,422,529	27%
Dayton	126	FCS	Pioneer	Atlantic 10	43,653,540	43,705,495	40,104,753	34,043,542	28%
Columbia	127	FCS	Ivy	Ivy	43,349,775	40,185,323	38,335,736	32,521,946	33%
Brown	128	FCS	Ivy	Ivy	43,218,288	42,236,049	36,265,052	29,892,746	45%
Santa Clara	129	z-	z-	West Coast	43,090,786	41,208,054	38,597,709	31,337,344	38%
Louisiana	130	FBS	Sun Belt	Sun Belt	42,959,075	42,952,287	38,961,026	39,088,716	10%
San Jose State	131	FBS	Mountain West	Mountain West	42,944,067	30,593,724	43,937,589	37,717,297	14%
Stony Brook	132	FCS	Coastal	Coastal	42,532,759	40,755,628	36,810,655	32,721,332	30%
Florida International	133	FBS	CUSA	CUSA	42,392,051	41,981,914	41,445,861	35,610,534	19%
Kennesaw State	134	FBS	CUSA	CUSA	42,344,569	32,926,067	30,783,810	20,022,946	111%
Dartmouth	135	FCS	Ivy	Ivy	41,963,544	40,640,949	38,642,041	35,022,406	20%
Rhode Island	136	FCS	Coastal	Atlantic 10	41,724,734	37,039,351	35,110,510	28,012,651	49%
George Washington	137	z-	z-	Atlantic 10	41,323,716	34,417,686	31,680,100	30,473,846	36%
Creighton	138	z-	z-	Big East	41,012,865	37,633,658	35,000,247	30,163,548	36%
Miami	139	FBS	MAC	MAC	40,792,930	40,819,194	39,126,336	37,880,709	8%
UAB	140	FBS	American	American	40,789,883	42,655,846	42,207,368	39,515,894	3%
Virginia Commonwealth	141	z-	z-	Atlantic 10	40,688,266	42,025,801	39,613,443	36,824,686	10%
Gonzaga	142	z-	z-	Pac-12	40,467,847	38,587,088	36,995,886	33,631,607	20%
Loyola Marymount	143	z-	z-	West Coast	40,157,899	39,654,261	35,063,488	30,788,019	30%
Middle Tennessee State	144	FBS	CUSA	CUSA	40,006,612	43,275,343	35,578,198	35,614,512	12%
Georgia State	145	FBS	Sun Belt	Sun Belt	39,979,520	39,204,432	36,803,754	39,913,977	0%
Northeastern	146	z-	z-	Coastal	39,796,041	39,082,712	36,208,941	34,203,421	16%
Colgate	147	FCS	Patriot League	Patriot League	39,791,052	38,308,822	37,239,028	33,131,165	20%
Troy	148	FBS	Sun Belt	Sun Belt	39,742,013	36,937,664	28,800,917	29,054,724	37%
Toledo	149	FBS	MAC	MAC	39,498,134	37,298,170	34,919,422	33,812,616	17%
Eastern Michigan	150	FBS	MAC	MAC	38,924,556	37,094,526	35,555,897	33,009,018	18%
Central Michigan	151	FBS	MAC	MAC	38,536,340	36,647,135	35,740,895	33,368,289	15%
Bucknell	152	FCS	Patriot League	Patriot League	38,452,196	35,248,867	33,643,542	30,616,265	26%
Elon	153	FCS	Coastal	Coastal	38,201,825	35,793,576	33,613,892	30,690,272	24%
Georgia Southern	154	FBS	Sun Belt	Sun Belt	38,133,784	36,967,213	35,614,506	29,737,578	28%
California Baptist	155	z-	z-	Big West	37,832,623	34,879,391	32,709,356	30,647,868	23%
William & Mary	156	FCS	Patriot League	Coastal	37,493,446	30,794,145	34,044,814	27,447,196	37%
Kent State	157	FBS	MAC	MAC	37,209,656	34,453,185	33,308,164	29,289,419	27%
New Mexico State	158	FBS	CUSA	CUSA	37,088,598	38,923,972	35,828,331	31,168,241	19%
San Diego	159	FCS	Pioneer	West Coast	37,050,500	32,342,967	34,031,237	27,454,065	35%
UC San Diego	160	z-	z-	Big West	36,538,768	30,251,874	26,830,048	25,973,056	41%
Butler	161	FCS	Pioneer	Big East	36,379,181	34,050,834	31,474,736	30,540,635	19%
Monmouth	162	FCS	Coastal	Coastal	35,866,896	32,787,685	30,565,748	30,151,277	19%
Bowling Green	163	FBS	MAC	MAC	35,288,178	31,864,946	30,154,920	25,353,774	39%
North Dakota	164	FCS	Missouri Valley	Summit League	35,076,412	31,552,730	29,038,127	26,449,160	33%
Wichita State	165	z-	z-	American	35,040,868	33,626,420	34,596,353	24,048,367	46%
Jacksonville State	166	FBS	CUSA	CUSA	34,639,572	29,060,404	22,159,540	18,344,447	89%
Northern Illinois	167	FBS	Mountain West	Horizon League	34,342,695	24,939,848	24,692,669	21,413,044	60%
Tarleton State	168	FCS	United	United	34,277,745	27,686,274	21,124,971	18,230,602	88%
Holy Cross	169	FCS	Patriot League	Patriot League	34,213,254	32,804,880	32,819,968	32,165,774	6%
North Dakota State	170	FBS	Mountain West	Summit League	34,212,041	30,251,922	29,824,792	26,554,998	29%
Pepperdine	171	z-	z-	West Coast	34,145,327	31,360,732	28,036,098	25,324,866	35%
Louisiana Tech	172	FBS	Sun Belt	Sun Belt	33,952,161	30,305,928	27,808,448	25,579,294	33%
Lafayette	173	FCS	Patriot League	Patriot League	33,775,199	32,374,130	29,931,805	27,602,995	22%
Arkansas State	174	FBS	Sun Belt	Sun Belt	33,754,642	28,162,528	24,654,674	21,009,474	61%
Akron	175	FBS	MAC	MAC	33,581,788	30,010,416	28,265,821	25,335,181	33%
Grand Canyon	176	z-	z-	Mountain West	33,277,918	30,628,914	30,717,802	29,071,558	14%
Ohio	177	FBS	MAC	MAC	33,031,821	32,958,838	30,138,630	27,605,053	20%
Seton Hall	178	z-	z-	Big East	33,011,612	30,688,848	29,491,922	28,718,708	15%
Montana State	179	FCS	Big Sky	Big Sky	32,910,346	28,597,087	28,589,654	26,119,361	26%
UC Santa Barbara	180	z-	z-	Big West	32,803,613	28,864,183	25,071,244	22,833,954	44%
Wofford College	181	FCS	Southern	Southern	32,651,311	29,366,387	27,302,198	24,126,537	35%
Furman	182	FCS	Southern	Southern	32,623,716	31,927,207	31,040,151	27,935,226	17%
South Alabama	183	FBS	Sun Belt	Sun Belt	32,559,740	30,591,632	28,658,603	24,652,380	32%
George Mason	184	z-	z-	Atlantic 10	32,534,218	29,467,186	28,822,694	26,925,085	21%
UTEP	185	FBS	Mountain West	Mountain West	32,413,794	36,602,226	30,671,998	25,236,319	28%
High Point	186	z-	z-	Big South	31,987,656	27,989,156	20,717,004	20,164,689	59%
Saint Mary's	187	z-	z-	West Coast	31,979,820	27,756,833	24,416,109	20,778,672	54%
Sam Houston State	188	FBS	CUSA	CUSA	31,955,712	26,567,953	22,475,641	19,861,089	61%
Quinnipiac	189	z-	z-	Metro Atlantic	31,935,537	31,702,101	30,807,443	29,086,450	10%
Southern Mississippi	190	FBS	Sun Belt	Sun Belt	31,875,542	28,107,301	27,676,039	25,564,444	25%
Xavier	191	z-	z-	Big East	31,800,090	34,182,275	32,905,636	38,615,456	-18%
Merrimack	192	FCS	Independent	Metro Atlantic	31,668,878	30,694,837	28,747,018	26,284,588	20%
Western Kentucky	193	FBS	CUSA	CUSA	31,319,105	36,875,120	25,400,653	28,545,295	10%
Drexel	194	z-	z-	Coastal	31,054,724	28,145,622	27,110,962	25,699,496	21%
Mercer	195	FCS	Southern	Southern	30,568,645	28,868,884	26,313,037	22,988,577	33%
Montana	196	FCS	Big Sky	Big Sky	30,414,535	28,044,922	23,951,594	22,283,988	36%
Ball State	197	FBS	MAC	MAC	30,329,090	29,737,219	28,979,328	28,526,892	6%
UC Irvine	198	z-	z-	Big West	30,301,851	29,611,950	25,229,757	23,191,075	31%
Illinois State	199	FCS	Missouri Valley	Missouri Valley	30,244,468	30,786,532	29,781,160	29,834,680	1%
Fairfield	200	z-	z-	Metro Atlantic	30,242,098	28,699,637	26,430,320	24,094,424	26%
Hofstra	201	z-	z-	Coastal	30,183,708	29,620,086	28,037,692	25,291,104	19%
Duquesne	202	FCS	Northeast	Atlantic 10	29,780,242	28,802,065	26,560,156	24,476,457	22%
Saint Louis	203	z-	z-	Atlantic 10	29,626,637	32,115,732	29,100,236	31,571,057	-6%
Towson	204	FCS	Coastal	Coastal	29,350,327	27,431,821	27,643,056	26,258,297	12%
Omaha	205	z-	z-	Summit League	29,147,554	27,244,703	25,150,144	21,351,679	37%
St Thomas	206	FCS	Pioneer	Summit League	28,936,150	25,339,821	22,370,292	17,812,586	62%
South Dakota State	207	FCS	Missouri Valley	Summit League	28,715,906	26,424,829	24,184,193	20,184,851	42%
Bryant	208	FCS	Coastal	America East	28,476,424	27,042,228	24,327,303	23,746,913	20%
Campbell	209	FCS	Coastal	Coastal	28,322,787	30,779,783	30,027,747	27,956,135	1%
Missouri State	210	FBS	CUSA	CUSA	28,059,311	25,259,555	22,698,010	20,834,725	35%
Pacific	211	z-	z-	West Coast	28,038,025	27,745,372	23,813,206	21,745,901	29%
San Francisco	212	z-	z-	West Coast	27,558,534	27,348,074	25,755,051	23,837,630	16%
Southern Illinois	213	FCS	Missouri Valley	Missouri Valley	27,439,369	28,355,917	23,715,044	21,513,903	28%
Long Beach State	214	z-	z-	Big West	27,320,150	27,086,185	26,439,800	23,772,461	15%
Northern Arizona	215	FCS	Big Sky	Big Sky	27,075,364	29,460,146	22,619,926	22,649,615	20%
Austin Peay	216	FCS	United	United	26,749,245	25,678,171	22,249,063	16,365,007	63%
Abilene Christian	217	FCS	United	United	26,476,731	25,509,417	23,809,978	21,201,476	25%
Chattanooga	218	FCS	Southern	Southern	26,447,806	22,508,082	22,033,838	21,051,127	26%
Cal State Fullerton	219	z-	z-	Big West	26,422,865	24,240,924	21,899,172	21,213,944	25%
UNC Wilmington	220	z-	z-	Coastal	26,310,913	20,640,983	17,696,115	15,355,940	71%
Vermont	221	z-	z-	America East	25,937,579	23,613,400	22,523,199	21,185,599	22%
Incarnate Word	222	FCS	Southland	Southland	25,756,198	24,959,864	24,544,713	21,572,547	19%
Loyola Chicago	223	z-	z-	Atlantic 10	25,459,871	23,044,784	21,091,008	22,380,462	14%
Charleston	224	z-	z-	Coastal	25,451,848	24,751,280	19,356,552	20,378,476	25%
Davidson	225	FCS	Pioneer	Atlantic 10	25,443,886	21,575,464	21,612,891	20,086,092	27%
Lipscomb	226	z-	z-	ASUN	25,395,470	24,691,061	23,536,274	21,741,402	17%
Stetson	227	FCS	Pioneer	ASUN	25,375,464	24,996,531	24,128,723	22,231,102	14%
Queens University	228	z-	z-	ASUN	25,354,825	26,372,595	21,479,746	17,776,727	43%
Eastern Kentucky	229	FCS	United	United	25,348,404	25,201,223	23,088,272	19,150,403	32%
UMass Lowell	230	z-	z-	America East	24,927,009	23,303,628	22,401,383	22,227,858	12%
Norfolk State	231	FCS	Mid-Eastern	Mid-Eastern	24,823,369	21,939,879	17,340,285	16,048,768	55%
Albany	232	FCS	Coastal	America East	24,549,745	22,862,969	21,504,447	21,102,758	16%
Saint Joseph's	233	z-	z-	Atlantic 10	24,189,003	23,053,827	24,114,221	22,989,452	5%
UIC	234	z-	z-	Missouri Valley	24,065,208	23,459,262	21,758,437	19,006,927	27%
Lamar	235	FCS	Southland	Southland	23,925,429	23,698,410	21,287,614	18,854,200	27%
Binghamton	236	z-	z-	America East	23,878,345	22,955,758	20,458,339	20,116,516	19%
Samford	237	FCS	Southern	Southern	23,874,973	22,198,478	21,240,463	23,019,673	4%
Marist	238	FCS	Pioneer	Metro Atlantic	23,818,446	22,301,262	21,541,298	19,211,495	24%
South Dakota	239	FCS	Missouri Valley	Summit League	23,720,055	21,548,929	19,665,874	18,536,056	28%
Morgan State	240	FCS	Mid-Eastern	Mid-Eastern	23,559,865	21,666,097	19,470,158	14,924,648	58%
Loyola Maryland	241	z-	z-	Patriot League	23,484,724	25,153,138	21,091,146	20,838,772	13%
Idaho	242	FCS	Big Sky	Big Sky	23,432,394	24,112,825	23,141,397	17,610,083	33%
Youngstown State	243	FCS	Missouri Valley	Horizon League	23,268,696	21,696,473	20,275,708	17,773,159	31%
Cal State Northridge	244	z-	z-	Big West	23,262,522	21,703,752	19,829,463	19,349,694	20%
Mount St. Mary's	245	z-	z-	Metro Atlantic	23,218,652	19,101,249	14,562,341	13,762,464	69%
Northern Colorado	246	FCS	Big Sky	Big Sky	23,188,137	21,711,259	20,171,855	18,798,907	23%
Belmont	247	z-	z-	Missouri Valley	23,046,839	22,705,462	20,229,370	18,195,424	27%
UT Rio Grande Valley	248	FCS	Southland	Southland	22,844,024	20,007,469	15,997,018	14,186,649	61%
Portland	249	z-	z-	West Coast	22,516,434	21,690,973	22,174,629	21,045,742	7%
Stephen F Austin	250	FCS	Southland	Southland	22,450,088	23,836,563	24,962,955	24,125,257	-7%
Maine	251	FCS	Coastal	America East	22,438,557	20,148,241	26,711,496	24,213,545	-7%
East Tennessee State	252	FCS	Southern	Southern	22,346,359	19,811,089	19,245,116	16,962,436	32%
Eastern Washington	253	FCS	Big Sky	Big Sky	21,820,282	20,082,060	19,263,928	15,915,979	37%
Seattle University	254	z-	z-	West Coast	21,659,324	22,676,616	20,774,421	21,349,552	1%
St Bonaventure	255	z-	z-	Atlantic 10	21,541,415	19,717,433	18,490,403	16,370,515	32%
Wagner	256	FCS	Northeast	Northeast	21,416,316	22,415,885	22,026,021	19,962,200	7%
Lindenwood	257	FCS	Ohio Valley	Ohio Valley	21,376,019	22,466,359	19,951,519	15,835,538	35%
Drake	258	FCS	Pioneer	Missouri Valley	21,320,822	21,791,106	19,927,305	18,731,990	14%
Robert Morris	259	FCS	Northeast	Horizon League	21,223,070	21,120,272	17,641,388	17,107,726	24%
Jacksonville	260	z-	z-	ASUN	21,156,393	29,566,966	27,333,575	17,894,541	18%
Indiana State	261	FCS	Missouri Valley	Missouri Valley	21,101,974	19,636,625	18,886,035	17,837,547	18%
UMBC	262	z-	z-	America East	21,048,173	19,640,590	17,652,793	16,646,707	26%
Stonehill	263	FCS	Northeast	Northeast	20,977,828	17,026,091	12,196,426	9,824,209	114%
Howard	264	FCS	Mid-Eastern	Mid-Eastern	20,688,627	23,646,782	19,119,613	15,949,053	30%
Louisiana - Monroe	265	FBS	Sun Belt	Sun Belt	20,557,764	20,253,458	18,518,405	18,416,615	12%
Bradley	266	z-	z-	Missouri Valley	20,541,032	19,017,028	19,468,832	17,695,401	16%
Houston Christian	267	FCS	Southland	Southland	20,375,958	20,045,332	20,167,919	18,468,274	10%
Tennessee Tech	268	FCS	Southern	Southern	20,355,959	18,279,402	16,474,801	14,993,218	36%
American	269	z-	z-	Patriot League	20,299,662	19,245,459	18,312,114	16,343,354	24%
Idaho State	270	FCS	Big Sky	Big Sky	20,271,087	17,201,288	15,560,263	14,682,279	38%
Florida Gulf Coast	271	z-	z-	ASUN	20,174,079	19,524,403	18,011,101	16,309,477	24%
VMI	272	FCS	Southern	Southern	20,033,879	19,155,089	17,878,292	16,111,604	24%
The Citadel	273	FCS	Southern	Southern	20,021,006	17,130,667	19,526,622	18,050,296	11%
Longwood	274	z-	z-	Big South	19,935,846	15,258,942	14,665,446	12,023,798	66%
Siena	275	z-	z-	Metro Atlantic	19,863,663	19,594,975	14,653,799	16,305,787	22%
UC Riverside	276	z-	z-	Big West	19,725,015	16,771,144	15,792,444	13,444,939	47%
Eastern Illinois	277	FCS	Ohio Valley	Ohio Valley	19,716,079	19,027,915	13,853,180	14,189,553	39%
Weber State	278	FCS	Big Sky	Big Sky	19,668,633	18,284,425	17,889,271	17,080,383	15%
Northern Iowa	279	FCS	Missouri Valley	Missouri Valley	19,617,597	17,006,201	17,334,994	17,301,412	13%
Southern Utah	280	FCS	Big Sky	Big Sky	19,562,340	18,133,901	16,543,527	15,575,462	26%
Utah Valley	281	z-	z-	Big West	19,556,182	17,929,384	17,485,442	16,916,297	16%
NJIT	282	z-	z-	America East	19,496,245	18,976,621	17,054,175	14,921,586	31%
Iona	283	z-	z-	Metro Atlantic	19,346,668	19,953,984	18,309,467	16,433,066	18%
Southeastern Louisiana	284	FCS	Southland	Southland	19,286,332	17,404,468	15,750,278	14,695,241	31%
Mercyhurst	285	FCS	Northeast	Northeast	19,266,526	17,122,705	16,551,819	17,233,457	12%
Portland State	286	FCS	Big Sky	Big Sky	19,186,971	17,520,602	18,490,681	16,160,889	19%
North Carolina A & T	287	FCS	Coastal	Coastal	18,977,572	18,007,107	16,374,848	26,766,137	-29%
Murray State	288	FCS	Missouri Valley	Missouri Valley	18,970,072	19,402,490	18,977,450	15,380,799	23%
Utah Tech	289	FCS	Big Sky	Big Sky	18,870,761	18,137,527	16,250,328	13,987,948	35%
Northern Kentucky	290	z-	z-	Horizon League	18,765,310	13,467,033	13,135,573	13,068,962	44%
UT Arlington	291	z-	z-	United	18,699,446	18,654,551	17,403,161	16,960,989	10%
Tennessee State	292	FCS	Ohio Valley	Ohio Valley	18,622,127	20,340,661	18,552,022	15,883,558	17%
McNeese State	293	FCS	Southland	Southland	18,539,892	16,868,726	14,926,562	13,315,504	39%
North Florida	294	z-	z-	ASUN	18,439,060	17,324,591	14,803,998	14,450,562	28%
East Texas A & M	295	FCS	Southland	Southland	18,247,569	17,433,995	15,344,594	14,911,268	22%
La Salle	296	z-	z-	Atlantic 10	18,223,715	18,013,745	14,363,828	15,010,308	21%
Cal State Bakersfield	297	z-	z-	Big West	18,028,334	17,837,609	18,317,243	16,374,340	10%
Alabama State	298	FCS	Southwestern	Southwestern	17,902,056	14,050,365	14,444,678	12,029,739	49%
Central Arkansas	299	FCS	United	United	17,748,955	16,831,604	15,186,832	14,616,307	21%
Gardner-Webb	300	FCS	Ohio Valley	Big South	17,654,126	14,245,572	13,954,647	18,034,155	-2%
Bellarmine	301	z-	z-	ASUN	17,466,295	15,091,383	14,268,191	12,818,800	36%
Hampton	302	FCS	Coastal	Coastal	17,330,745	15,830,182	11,287,652	10,237,217	69%
Oakland	303	z-	z-	Horizon League	17,319,517	16,407,364	16,053,225	17,325,704	0%
Kansas City	304	z-	z-	Summit League	17,154,796	17,404,163	15,225,069	12,893,022	33%
Rider	305	z-	z-	Metro Atlantic	17,018,223	16,973,386	15,840,152	15,520,117	10%
Fairleigh Dickinson	306	z-	z-	Northeast	16,970,448	16,474,199	16,092,347	14,598,530	16%
Texas A & M -Corpus Christi	307	z-	z-	Southland	16,927,943	15,904,566	15,046,826	13,514,489	25%
Valparaiso	308	FCS	Pioneer	Missouri Valley	16,432,801	16,335,955	15,903,955	13,605,002	21%
Western Carolina	309	FCS	Southern	Southern	16,279,007	16,052,292	15,368,314	15,168,575	7%
Southeast Missouri State	310	FCS	Ohio Valley	Ohio Valley	16,185,749	15,758,389	15,072,513	12,259,063	32%
UNC Greensboro	311	z-	z-	Southern	16,157,987	16,564,466	15,001,702	13,816,568	17%
Central Connecticut	312	FCS	Northeast	Northeast	16,112,139	15,396,494	16,873,996	16,043,570	0%
North Alabama	313	FCS	United	United	16,041,806	15,423,738	13,955,756	12,104,040	33%
West Florida	314	FCS	United	ASUN	16,010,052	13,028,397	11,494,056	11,017,365	45%
Delaware State	315	FCS	Mid-Eastern	Mid-Eastern	15,985,403	16,266,754	15,986,336	13,786,304	16%
North Carolina Central	316	FCS	Mid-Eastern	Mid-Eastern	15,631,805	12,472,714	11,028,437	13,330,206	17%
Oral Roberts	317	z-	z-	Summit League	15,622,065	14,121,956	12,569,420	12,109,178	29%
UT Martin	318	FCS	Ohio Valley	Ohio Valley	15,610,419	15,320,815	15,151,104	14,674,750	6%
Niagara	319	z-	z-	Metro Atlantic	15,430,535	14,959,164	14,504,612	13,408,929	15%
Prairie View A & M	320	FCS	Southwestern	Southwestern	15,374,541	15,374,541	14,818,343	14,818,343	4%
Purdue Fort Wayne	321	z-	z-	Horizon League	15,252,438	14,832,883	13,392,326	13,062,826	17%
Wisconsin Milwaukee	322	z-	z-	Horizon League	15,230,163	14,758,861	15,989,783	19,531,917	-22%
Bethune-Cookman	323	FCS	Southwestern	Southwestern	15,063,919	13,657,290	13,636,502	11,240,265	34%
Charleston Southern	324	FCS	Ohio Valley	Big South	14,999,113	14,027,849	13,327,550	13,265,320	13%
Evansville	325	z-	z-	Missouri Valley	14,961,560	14,152,062	13,484,603	13,403,796	12%
Radford	326	z-	z-	Big South	14,870,883	13,291,235	12,542,448	12,194,004	22%
Grambling	327	FCS	Southwestern	Southwestern	14,809,144	14,014,943	12,689,321	11,899,236	24%
Western Illinois	328	FCS	Ohio Valley	Ohio Valley	14,762,669	13,827,702	8,185,022	11,679,844	26%
Florida A&M	329	FCS	Southwestern	Southwestern	14,473,075	12,122,966	13,112,757	11,897,185	22%
Cleveland State	330	z-	z-	Horizon League	14,221,496	15,154,801	15,241,814	14,553,259	-2%
Northwestern State	331	FCS	Southland	Southland	14,210,359	12,032,739	10,802,623	11,812,575	20%
Presbyterian	332	FCS	Pioneer	Big South	14,157,255	13,975,515	12,175,117	11,391,677	24%
Detroit Mercy	333	z-	z-	Horizon League	14,112,173	14,223,334	12,550,978	11,985,487	18%
South Carolina State	334	FCS	Mid-Eastern	Mid-Eastern	13,880,289	13,516,308	12,905,128	6,894,365	101%
Canisius	335	z-	z-	Metro Atlantic	13,567,033	13,102,823	13,307,731	11,987,825	13%
Wisconsin Green Bay	336	z-	z-	Horizon League	13,283,821	12,675,912	10,701,534	8,535,676	56%
West Georgia	337	FCS	United	United	13,230,120	10,334,036	10,263,310	10,220,717	29%
Southern	338	FCS	Southwestern	Southwestern	13,063,612	13,026,700	13,435,629	11,736,621	11%
Alabama A & M	339	FCS	Southwestern	Southwestern	13,021,239	12,639,752	11,320,919	10,944,813	19%
New Haven	340	FCS	Northeast	Northeast	12,782,981	11,769,900	10,928,629	9,902,891	29%
Arkansas - Little Rock	341	z-	z-	United	12,718,000	15,147,282	13,686,194	13,951,805	-9%
Nicholls State	342	FCS	Southland	Southland	12,676,933	12,953,173	11,658,725	11,164,755	14%
Winthrop	343	z-	z-	Big South	12,546,554	11,810,051	10,054,013	11,582,972	8%
Texas Southern	344	FCS	Southwestern	Southwestern	12,453,738	11,075,651	12,832,306	13,362,715	-7%
Jackson State	345	FCS	Southwestern	Southwestern	12,379,364	11,948,835	9,967,698	10,993,335	13%
SIU Edwardsville	346	z-	z-	Ohio Valley	12,211,970	11,235,104	11,671,113	11,352,534	8%
Manhattan	347	z-	z-	Metro Atlantic	12,204,231	14,800,416	15,307,751	15,241,781	-20%
Le Moyne	348	z-	z-	Northeast	12,176,876	10,598,729	8,645,462	8,649,104	41%
Wright State	349	z-	z-	Horizon League	11,873,145	11,815,664	12,026,496	10,609,757	12%
IU Indianapolis	350	z-	z-	Horizon League	11,519,345	11,284,503	10,755,046	10,281,925	12%
Southern Indiana	351	z-	z-	Ohio Valley	11,404,994	10,433,733	7,857,298	7,665,898	49%
Morehead State	352	FCS	Pioneer	Ohio Valley	11,260,314	12,893,166	9,349,505	8,926,259	26%
South Carolina Upstate	353	z-	z-	Big South	10,944,084	10,502,773	9,412,283	8,946,029	22%
Alcorn State	354	FCS	Southwestern	Southwestern	10,509,725	7,695,116	6,924,619	6,159,502	71%
Maryland Eastern Shore	355	z-	z-	Mid-Eastern	10,137,959	9,402,536	7,697,463	6,377,981	59%
Arkansas - Pine Bluff	356	FCS	Southwestern	Southwestern	9,302,196	9,236,849	8,954,338	8,498,420	9%
UNC Asheville	357	z-	z-	Big South	9,048,280	9,002,141	7,407,981	7,353,806	23%
Saint Peter's	358	z-	z-	Metro Atlantic	8,833,690	8,546,502	7,545,540	8,124,808	9%
Chicago State	359	FCS	Independent	Northeast	8,751,784	8,264,373	8,291,183	7,617,375	15%
New Orleans	360	z-	z-	Southland	7,850,098	7,856,085	8,497,274	8,113,422	-3%
Mississippi Valley State	361	FCS	Southwestern	Southwestern	5,281,853	5,346,725	4,793,446	4,040,915	31%
Coppin State	362	z-	z-	Mid-Eastern	5,091,720	5,007,750	3,592,976	3,631,398	40%
Average - Power Conference Schools		68			$ 170,952,831	$ 156,011,993	$ 142,174,437	$125,972,278	36%
Average - Group of 6 Schools *		70			$ 50,233,692	$ 46,494,341	$ 43,259,617	$ 39,157,202	28%
Average - FCS Schools		128			$ 26,532,962	$ 24,872,527	$ 23,247,421	$ 21,129,733	26%
Average - Schools without Football		99			$ 24,723,016	$ 23,336,101	$ 21,491,370	$ 20,013,816	24%

* EADA reporting does not require disclosure of payments made for athletic facilities debt service and leases, and typically results in lower annual expenses than NCAA reporting at most schools. However, a clear upside to EADA reporting is that data is available for all NCAA schools (public and private) while NCAA reporting is not publicly available for the 124 NCAA I private schools. The three FBS service academies (Army, Navy & Air Force) are not included in these averages.

Major increase in available athletic scholarships at NCAA I Schools: 

As part of the House v NCAA settlement, scholarship limits have been removed, and roster caps have been established for each sport. As a result, participating schools can effectively offer full scholarships to all athletes up to the specific sport’s roster limit.  By our calculations, the value of athletic scholarships awarded could increase by an average of $ 10 million per school,  and close to  $ 20 million for a few.  Here is how the new scholarship and roster limits apply to each NCAA I Sport:

Scholarship Limits per NCAA I Sport	Team	Prior limit	New limit	Increase Per team
Men's NCAA I Sports
Baseball	M	11.7	34	22.3
Basketball	M	13	15	2
Cross Country	M	5	17	12
Fencing	M	4.5	24	19.5
Football	M	85	105	20
Golf	M	4.5	9	4.5
Gymnastics	M	6.3	20	13.7
Hockey	M	18	26	8
Lacrosse	M	12.6	48	35.4
Skiing	M	6.3	16	9.7
Soccer	M	9.9	28	18.1
Swimming	M	9.9	30	20.1
Tennis	M	4.5	10	5.5
Track & Field	M	12.6	45	32.4
Volleyball	M	4.5	18	13.5
Water Polo	M	4.5	24	19.5
Wrestling	M	9.9	30	20.1
Women's NCAA I Sports
Acrobatics	W	14	55	41
Basketball	W	15	15	-
Beach Volleyball	W	6	19	13
Bowling	W	5	11	6
Cross Country	W	6	17	11
Equestrian	W	15	50	35
Fencing	W	5	24	19
Field Hockey	W	12	27	15
Golf	W	6	9	3
Gymnastics	W	12	20	8
Hockey	W	18	26	8
Lacrosse	W	12	38	26
Rowing	W	20	68	48
Rugby	W	12	36	24
Skiing	W	7	16	9
Soccer	W	14	28	14
Softball	W	12	25	13
Swimming	W	14	30	16
Tennis	W	8	10	2
Track & Field	W	18	45	27
Triathlon	W	6.5	14	7.5
Volleyball	W	12	18	6
Water Polo	W	8	24	16
Wrestling	W	10	30	20
Mixed / Coed Sports
Rifle	Mix	3.6	12	8.4
Stunt	Mix	14	65	51

Participation in the new scholarship and roster limits is optional. However, schools opting not to be subject to roster limits must adhere to the prior (lower) scholarship limits. Participating schools must submit certified rosters to the College Sports Commission. Additionally, all athletic scholarship awards are optional. Schools can fully fund a sport or award less than the maximum allowed. 

The NCAA recognizes that revenue sharing will primarily benefit athletes in only a few sports. One of the primary objectives of the new scholarship model is to provide additional monetary awards for student-athletes participating in limited revenue sports. While Football and Men’s basketball will receive close to 90% of revenue sharing payments at most FBS schools, conversely, about 90% of the additional scholarship awards will go to athletes in Women’s and Men’s sports other than football and basketball.

Significant non-compliance with NIL reporting requirements?

I don’t want to say something is rotten in Denmark, but the numbers aren’t adding up on NIL compliance. As outlined in the House v NCAA settlement, every third-party NIL deal over $ 600 is required to be submitted to the College Sports Commission for approval. However, the total value of deals submitted via the NIL Go portal appears to be only a fraction of what is actually being paid to athletes. This raises the issue of potentially significant non-compliance with NIL reporting requirements. Additionally, there is some opposition from at least a few schools to the CSC participation agreement as currently drafted.

The latest update from the College Sports Commission reports  $ 355 million of cleared deals as of July 1, 2026 – this is a fraction of the estimated annual $ 1 Bilion plus third-party NIL market. Some of the difference can be attributable to the NIL Collective “money dump” prior to the July 1, 2025 start of CSC enforcement, but this still leaves a boatload of missing money.  This is unfortunate, as the CSC is a vital tool in having all schools playing by the same rules. The CSC is living up to its responsibilities, but a fair number of schools are clearly not. 

NIL Collectives:

With the advent of Revenue Sharing, the influence of collectives at most schools has greatly diminished with many schools bringing activities previously conducted by collectives in-house.  NIL collectives are typically considered third-party entities and contracts exceeding $ 600 must be submitted to the College Sports Commission for approval.

We didn’t just make this stuff up … see our page on methodology and sources of information.  Questions on our data? Contact us at: NIL-NCAA.com  Statistics compiled & edited by Patrick O’Rourke CPA, Washington, DC