OKLAHOMA STATE UNIVERSITY

September 17th, 2019 | by CollegeAD
OKLAHOMA STATE UNIVERSITY
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It was 2003 when T. Boone Pickens made his initial $70M donation to OSU with $20M dedicated to the football stadium renovation. This was followed up in 2006 with his massive $165 million donation leading to the complete reconstruction of Boone Pickens Stadium. The stadium was all completed and dedicated in 2009. Media rights and conference distributions have grown at a historic rate in recent years and that certainly has to be recognized as a factor, but since the announcement of Boone Picken’s $70 million dollar donation, the yearly athletic department budget has more than doubled from $41.6M to $88.5M. Even accounting for growing media rights money, overall revenues from football operations have grown a lot. From 2003 to 2008 they averaged $12.8M. From the dedication of BPS in 2009 to 2019 it was $24.4M, showing a pretty consistent upward trend. If you take the $10.4M of football revenue in 2003 and say that OSU would’ve made that each year for the next 16 years if it weren’t for Boone’s donation (it probably wouldn’t have been that stagnant, but let’s use that number for the sake of argument), the total would have been $167M. The total revenue OSU actually did make was $321M — a difference of $156M. – Seth Duckworth, Pistols Firing, Read More

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