WVU Athletic Department Turns Profit

By: The Associated Press
By: The Associated Press

MORGANTOWN, W.Va. (AP) - West Virginia University's athletic department reported a $4.2 million profit during the 2012-13 fiscal year.

The university said Friday that revenues were $77.7 million in its first season in the Big 12, compared with operating expenses of $73.5 million.

That compares to a record deficit of nearly $13 million in 2011-12, which included an exit fee the university paid to leave the Big East.

Contributions to the Mountaineer Athletic Club of $23.9 million were a record for the second straight year.

WVU athletic director Oliver Luck says he's "pleased and proud" of the athletic department.

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