The Ohio State athletic department's budget deficit from the 2024 fiscal year was $37.7 million, according to figures it submitted to the NCAA.

Ohio State's athletics department made nearly $25 million less in revenue than in the 2023 fiscal year. And there is a simple explanation.

Ohio State said one issue affecting the athletics department budget was that the football team's home schedule last year included just six games at Ohio Stadium. Ohio State University's Athletics Department recorded a $37.