Ohio State athletics recorded a deficit of nearly $38 million in its 2024 fiscal year report. Here's how the Buckeyes will handle the loss.

Ohio State reported an operating deficit of $37.7 million with expenses totaling $292.3 million during the 2024 fiscal year.

In the last fiscal year, Ohio State’s athletics department made nearly $25 million less in revenue than in the 2023 fiscal year. And there is a simple explanation. The university said the athletics department made just over $254 million in the 2024 fiscal year (July 1,