The UAA Board of Directors passed a budget proposal of $140.9 million for the 2019-20 athletics season, a 3.9 percent increase over the previous year.
Florida’s new operating budget for the upcoming year has been approved by the University Athletic Association, the school announced Monday. The UAA Board of Directors passed a budget proposal of $140.9 million for the 2019-20 athletics season, a 3.9 percent increase over the previous year.
That figure will give UF one of the highest operating budgets in the country. “It’s going to continue to support our student-athletes at a high level,” Gators athletics director Scott Stricklin said of the new budget. The percentage increase is actually the lowest it has been over the last four years, according to operating budget documents on Florida’s team website. UF had a 5.9% year-over-year increase in 2018-19, a 7.0% increase in 2017-18 and a 5.6% increase in 2016-17.
The average annual cost of a UF scholarship for student-athletes is valued at $68,438, consisting primarily of the cost of the scholarship (44 percent), travel (31 percent), sports medicine and health (13 percent), academic support (7 percent) and equipment (5 percent). According to Florida’s team website, football (59 percent) and men’s basketball (8 percent) continue to be the primary sources of revenue for the UAA’s athletic programs. Another 25 percent of the $140.9 million budget will be generated by royalties and sponsorships.