UT athletics reports net gain for 2014-15 school year

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UT athletics profited $458,367 during the 2014-15 school year, according to a report by the Austin American-Statesman.

The report, based on an audit the Statesman obtained, said athletics brought in $183.5 million in revenue, including net profit of $94 million for football. Baseball and basketball combined to bring in $8 million in net profits, but all other sports lost money.

The athletic department also gave back $9.8 million to the University, according to the report.

The move back into the black comes one year after the athletic department reported a loss of $2.8 million, which led former athletic director Steve Patterson to raise season ticket prices for football and basketball.

The 2014-15 school year was the only full year Patterson oversaw as athletic director. He was fired on Sept. 22 after just 22 months on the job.