For the first time in five years, the University of Minnesota athletic department is in the black.
According to a revenue and expenses database published by USA Today, Minnesota turned a profit of roughly $1.9 million in 2013, the first time the department has made money since 2008 and only the third time since 2005.
“That’s something that we’re going to strive to do each and every year and hopefully as we continue to improve in all of our sports, we will continue to show more profit,” athletic department spokesman Chris Werle said.
The year 2013 marked the first full year new athletic director Norwood Teague, who was hired in April 2012, presided over the department.
According to the database, Minnesota ranked 15th with more than $98 million in revenue, up from more than $83 million in 2012.
The department also spent a lot more, shelling out $96.4 million. A significant portion of the substantial jump in revenues and expenses came from a $7 million fee involved with installing the new scoreboard in Williams Arena, Werle said. The athletic department borrowed money from the university and later paid it back, meaning that the $7 million shows up in both the revenue and expenses columns.
Minnesota is one of seven Big Ten teams in the top 20 revenues nationally in 2013: Wisconsin (No. 2), Michigan (No. 4), Ohio State (No. 5), Iowa (No. 11), Penn State (No. 12) and Michigan State (No. 17). Of those seven schools, only Penn State lost money.
Coe goes distance
Robert Coe pitched a three-hitter with nine strikeouts for the Saints in a 4-0 home victory over Sioux City. Devin Thaut had three hits and Willie Cabrera hit his third homer.
White House visit
The WNBA champion Lynx will be honored by President Obama at the White House on Thursday. Obama will honor the team not only for its championship but for giving back to the community, according to a White House press release.
The visit will be part of an East Coast road trip by the Lynx, who play at Atlanta on Friday night.
Gwen Jorgensen of St. Paul was named the U.S. Olympic Committee’s female athlete of the month after winning back-to-back races in the International Triathlon Union’s world triathlon series.
Jorgensen’s two victories in May, in Yokohama, Japan, and London, vaulted her to the top of the world rankings.
Jorgensen’s five career victories on the circuit are tied for the most by any woman in history.