Despite spotty attendance in recent seasons, the Florida men’s basketball program made money following the 2008-09 and 2009-10 seasons.
In 2010, Florida men’s basketball reported an operating profit of more than $2.5 million. Florida basketball generated $9,646,520 in total revenue against $6,866,541 in expenses.
In 2009, Florida basketball made more than $2.2 million. Florida generated $9,174,653 in revenue against $6,947,863 in expenses.
UF’s basketball expenses include coaching salaries. Florida coach Billy Donovan made about $3.5 million in each of those two seasons as part of a six-year, $21 million contract extension.
Florida’s basketball attendance ranked 42nd in the country in 2010-11. The Gators averaged 10,186 fans per game in the 12,000-seat O’Connell Center.
Recent UF graduate Chandler Parsons is working out in Los Angeles and has impressed in early NBA predraft workouts.