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Florida State

FSU Trustees approve plan to divert $22.5M to athletics for revenue sharing

On3 imageby: Ira Schoffel06/23/25iraschoffel
FSU football players hold up their helmets in pregame
(Gene Williams / Warchant.com)

The FSU Board of Trustees didn’t waste any time taking advantage of a new state university system policy that will allow the Seminoles to direct tens of millions of dollars to athletics for the next three years.

During a teleconference Monday morning, FSU’s Trustees voted to move $22.5 million in “auxiliary funds” from the university coffers to the athletics department to be used for revenue sharing with athletes in football and other sports.

Auxiliary funds, which come from areas such as housing, bookstores and parking fees, previously were forbidden from use in athletics in an effort to keep state sports programs self-sufficient. But FSU and other schools asked for a three-year exception while dealing with increased costs associated with the recently passed NCAA House settlement.

Last Wednesday, the Florida Board of Governors passed that amendment and determined that public universities in the state could use up to $22.5 million in each of the next three years to make those payments to players. The amendment will run through the end of 2028.

As part of the House settlement, schools can choose to share the maximum $20.5 million with athletes in the upcoming year; that amount is expected to increase incrementally each year.

The amendment will provide help to all public universities in Florida, but it will be especially beneficial to Florida State. Within the next year or two, the Seminoles are expected to begin receiving an additional $15-20 million per year from the Atlantic Coast Conference as a result of their legal settlement with the ACC.

Any future move to another conference would yield even greater returns.

FSU officials have not publicly disclosed how they plan to divvy up the money between various sports programs, but most schools are expected to allocate about 75 percent to football, followed by men’s basketball, baseball and then the other programs.

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