Report: Indiana's expenses for Gator Bowl outweighed revenue it received
Indiana celebrated one of the football program’s best seasons in recent memory in 2019. The Hoosiers finished with an 8-5 record, earned a trip to bowl game, were slotted in the Associated Press poll after a 7-2 start and defeated Nebraska in Lincoln.
All of that happening at Indiana has been a rarity.
But Indiana’s success on the field and trip to the Gator Bowl in Jacksonville last year didn’t come without some expenses. In fact, Jon Blau of the Herald Times reported on Wednesday that the Hoosiers actually spent more money for their postseason trip than they received from the Gator Bowl.
IU received $2.125 million payout from the Gator Bowl, but spent $2.17 million to play in the game. Broken down, $1.995 million was spent on the team while an additional $170,000 was spent on the band and cheer squad.
Just received revenue/expense figures for IU at the Gator Bowl:
-IU's expenses were about $2.17 million (including $1.995 million for the team, about $170K combined for band/cheer)
-IU got a $2.125 million bowl payout
-Total: IU paid $44,416 more than it brought in.#iufb
— Jon Blau (@Jon_Blau) July 8, 2020
That means Indiana’s athletic department spent just over $44,000 more than it received for the postseason trip.
Unfortunately, that many spent didn’t result in a victory for Indiana. The Hoosiers fell 23-22 to Tennessee despite owning a two-score lead in the 4th quarter.
The 2019 season marked the first time IU hit eight wins and was ranked in the Associated Press poll in over two decades. The Hoosiers are currently scheduled to open the 2020 campaign with a road contest against Wisconsin on Friday, Sept. 4.