In 2024, Colorado School of Mines in Golden allocated $3,187,057 to its football teams, marking an 18.1% rise compared to the prior year, according to the U.S. Department of Education.
Football expenditures accounted for 21.6% of the total sports budget at Colorado School of Mines in 2024.
Since 2010, the average spending on sports at Colorado School of Mines has increased by 265.2%.
College football is one of the biggest sports in the U.S., with some college teams eclipsing NFL teams in terms of attendance and profit.
College athletics has entered a new era of athlete compensation after a federal settlement allowed schools to directly share revenue with players for the first time. The agreement also requires the NCAA to pay $2.8 billion in back damages over 10 years to athletes who competed from 2016 to the present.
In 2022, after years of legal and legislative pressure, athletes also gained the right to profit from their names, images and likenesses through state laws and an NCAA policy change.
Football Teams’ Expenditures of Colorado School of Mines in Last 5 Years
| Year | Football teams’ expenditure | % from grand total sport team expenditures |
|---|---|---|
| 2020 | $2,304,380 | 22.4% |
| 2021 | $0 | 0% |
| 2022 | $2,450,288 | 20.3% |
| 2023 | $2,697,616 | 19.8% |
| 2024 | $3,187,057 | 21.6% |
Information in this story was obtained from the U.S. Department of Education. The source data can be found here.
