The University of Florida’s UAA Board of Directors has approved an operating budget of $140.9 million for the 2019-20 calendar year, a 3.9 percent increase over the previous year.
The Board finalized the budget Monday.
“It’s going to continue to support our student-athletes at a high level,” UF athletic director Scott Stricklin told floridagators.com.
The budget is covered by revenues and contributions and does not receive funds from the state.
Football (59 percent) and men’s basketball (8 percent) continue to be the primary sources of revenue for the UAA’s athletic programs, and royalties and sponsorships (25 percent) generate a significant chunk of the $140,966,000 budget for the upcoming year as well, according to UAA.
At Monday’s Board of Directors meeting, it was revealed that the average annual cost for a scholarship student-athlete is $68,438 annually, an amount that consists primarily of the cost of the scholarship (44 percent), travel (31 percent), sports medicine and health (13 percent), academic support (7 percent) and equipment (5 percent).