2013 was an incredible run for head coach Jimbo Fisher, Heisman winner Jameis Winston and the rest of the Florida State Seminoles football team. They ran through the regular season undefeated, captured the ACC championship and then went on to defeat the Auburn Tigers to claim their first national championship since the 1999 season, and the third in the program’s history.
However, according to ESPN, that trip to Pasadena and that title win did not come without a cost.
Per the report, the ‘Noles lost nearly $500,000 after all of the financial figures came in.
Florida State reported expenses of $2,820,613 — nearly half of which came from transportation costs — which exceeded the revenue generated from its BCS appearance by a total of $481,213.
This is genuinely one aspect of the bigger picture in college athletics that people don’t take into consideration.
Florida State athletic director Stan Wilcox did his best to put it into perspective.
“We’re not losing money in the long run, because as a conference, we’re making a lot more money and those dollars are filtered down to the institutions,” Wilcox told ESPN. “The issue has to do with the amount of expense allotted to go participate and what your expenses end up being.”
Florida State also reported some big losses from last year as well following their game against Georgia Tech in the conference title game, but these are just expenses that need to be eaten for the cost of glory when it’s on the table.