The INSANE Truth About College Sports Money: Penn State's $58M Profit!

**Craig Carton** (0:01)
Yeah, because my guitar is gently weeping. It's done by Prince Live on stage. He's from an audience with your guys on stage with him. Yeah, it's from their concert for George.
My guitar. Prince was an underrated guitar player. Maybe one of the 10 greatest guitar players of all time.

**Chris McMonigle** (0:21)
I don't think he's underrated. I think people view him as such. I think he's viewed as one of the great guitar players ever.

**Craig Carton** (0:25)
You should watch this video.

**Chris McMonigle** (0:27)
It's badass.

**Craig Carton** (0:28)
It is. It is. That's why I chose it. I just saw this.

**Chris McMonigle** (0:31)
Is Anthony picking the music?

**Craig Carton** (0:32)
Yeah, my son's picking the music today. He knows the video that you like.

**Chris McMonigle** (0:34)
He knows what he's picking. He knows what daddy likes. He knows what daddy likes.

**Craig Carton** (0:37)
Yeah, that's right.
I just think I've crossed my time on Twitter. Just real quick, if you give me 30 seconds. For all the talk about how much money's involved in college sports and NIO money, and we have to trade all sports exactly the same because it's not fair. If a guy wants to be zero in the Big Ten, he should be afforded the same opportunities as the guy that wants to be the starting quarterback.

**Chris McMonigle** (1:02)
Yeah.

**Craig Carton** (1:02)
Right? And hey, you can't stop the women from playing not just the main sports, every sport as well. So Penn State, because it's a public university, had to put out their financials for the 2025 fiscal year, okay?
The Penn State football team made a net profit. I'm going to round up or down as I see fit, so allow that. Penn State football team. All right.

**Chris McMonigle** (1:30)
I'm going to round up or down as I see fit to make my argument. Please continue.

**Craig Carton** (1:35)
Penn State football net operating profit $58 million.

**Chris McMonigle** (1:38)
Okay. That's good.

**Craig Carton** (1:40)
You know that football is always going to be biggest at Penn State. 50 million. Men's basketball program at Penn State, net profit $172,000.

**Chris McMonigle** (1:49)
Okay.

**Craig Carton** (1:50)
They have 27 total sports offered, scholarship sports at Penn State.

**Chris McMonigle** (1:56)
Okay.

**Craig Carton** (1:56)
They're the only two that had a net operating profit.

**Chris McMonigle** (1:59)
25 others lost money.

**Craig Carton** (2:00)
Yes.

**Chris McMonigle** (2:00)
Okay. So I'll give you an example. I would think the football team covered by far all of the losses.

**Craig Carton** (2:07)
Barely. So the net operating P&L statement for Penn State Athletics, and my gut is that this is replicable at every major school, your D1 athletic school. I see why it would be much different, right? Was a net profit of $223,000.
Let that sink in.

**Chris McMonigle** (2:28)
You said $58 million for the football team.

**Craig Carton** (2:30)
The football team made a profit of $58 million.

**Chris McMonigle** (2:34)
They lost $57 million.

**Craig Carton** (2:36)
I had men's basketball. It's negligible. It's 172 grand. So just keep the number at 58
Football and basketball combined brought in $58 million net operating profit. The school lost $57,800,000 on all the other sports combined.

**Chris McMonigle** (2:59)
That's insane.

**Craig Carton** (3:01)
Think about that. So when people bitch about about, you know, specifically in this case, football players make it some do-re-mi.
Can you not argue that they were worth every penny of it?

**Chris McMonigle** (3:13)
Of course.

**Craig Carton** (3:13)
Right. Because that's after NIL. This is net profit. Okay. Women's basketball. Everyone tells me I got to start watching women's basketball. Lost $4.7 million of Penn State.
Men's baseball, to be fair. $3 million loss.
Women's volleyball, $2.6 million loss. How is that possible? I don't know.

**Chris McMonigle** (3:35)
You would pay to go see women's volleyball?

**Craig Carton** (3:37)
On the beach, yes.

**Chris McMonigle** (3:38)
100%.

**Craig Carton** (3:38)
Not in the Netherlands? Not in Happy Valley. No, I've seen the women there.
I'm good. Thank you. But like I'm looking at saying, there's something very, very wrong with that.

**Chris McMonigle** (3:51)
Is there not? I guess. I mean, I don't know if it's wrong.

**Craig Carton** (3:54)
How do you pay 58 million bucks for your football program and essentially break even on athletics?

**Chris McMonigle** (4:00)
I mean, that's insane. I can't believe they lost that much. I thought you were going to tell me.

**Craig Carton** (4:03)
And that's never reporting it. Self reporting.

**Chris McMonigle** (4:05)
I thought they were going to lose like maybe 20 million total with the other sports and still be up 30 million for the year.