The University of Georgia Athletic Association projects a revenue increase of 8% for the next fiscal year,.
The prediction from the athletic board’s finance committee came Tuesday during a video conference call to approve the budget for the 2023 fiscal year. That budget will be submitted for a vote at next week’s full board meeting.
The committee did not mention a specific dollar amount represented by the eight percent increase, but based on past figures, it could add up to a $12 million increase, making the association's total budget around $162.5 million.
The increase comes as no surprise to many given Georgia’s success in football in recent years, culminating in a national championship win in January.
The AJC reports the school is including funding for an academic achievement award for all athletes. That can be up to $5,980 per athlete per academic year in bonus payments.
