A couple of key points.
The Georgia Tech Athletic Association saw its annual budget grow by more than $22 million from fiscal year 2023 to FY2024 and is projecting that budget to increase almost another $10 million for FY2025, according to documents obtained by The Atlanta Journal-Constitution.
“That’s a combined effort from donors, corporate partners, the institute continuing to support us and being aligned,” Tech athletic director J Batt told the AJC then. “Just continuing to innovate and find different ways to drive revenue and to grow our budget to the point where we’re competitive nationally in that space is important.”
The overall athletics budget for 2023 was a little more than $105 million and increased to nearly $128 million for 2024. It is expected to cross the $137 million threshold for 2025.
Distribution of funds from the ACC has been key. The league paid out nearly $42 million to Tech is 2023, whereas Tech now is expected to receive $48 million from the conference in 2025.
In 2024, Tech also saw a $3 million increase in ticket sales from 2023 and more than $9 million in investments and endowments. Tech’s largest expenditure from 2023 was personnel (nearly $10 million) and “general and administrative” (another almost $10 million).
Tech projects another increase in investments and endowments by another $4 million, $2 million more in ticket sales and more than $2 million in institutional support.