Penn State released its first required financial report in the NIL revenue sharing world, which is a part of the larger financial report required by the NCAA.
It shows that in 2024-25, the year Penn State football made the College Football Playoff, Penn State did not spend to the cap of $20.5M. In total, Penn State spent $18,368,391 across 10 different sports.
Of those sports, only two were women’s sports (women’s volleyball and women’s basketball). Men’s sports received 99 percent of the dollars.
Penn State football got the most at $13.3M, with men’s basketball getting the second most at $3M. Wrestling was the only other sport to spend more than $1 million to pay its athletes.
These payments do not include outside income that athletes can make via other NIL deals. It was reported that ahead of the 2026 Penn State football season, for example, the Nittany Lions will spend over $30 million on its roster.
Here is the breakdown by sport.
| Team | Spend |
|---|---|
| Football | $13,338,959 |
| MBB | $3,004,666 |
| Wrestling | $1,449,766 |
| Baseball | $300,000 |
| WBB | $110,000 |
| MHKY | $95,000 |
| MLAX | $50,000 |
| MTEN | $10,000 |
| WVB | $10,000 |
For a more detailed breakdown of the 2024-25 athletic spending, click here.
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