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Auburn spent a record $34.7 million on coaches' salaries but again managed to operate in the black financially as it finished 2013 with one of the highest revenue streams in the nation.
Auburn's revenues hit $103.7 million in 2013, according to a USA TODAY database released today, to rank 13th nationally and fifth in the SEC. The athletics department spent $103.1 million for a difference of $554,196 in 2013.
Auburn's revenue represents a drop of 2.1 percent from 2012, when the school pulled $105.9 million. The athletics department received $4.3 million in subsidies, representing 4.2 percent of its revenue, the fifth-highest percentage in the conference.
Expenses for Auburn's coaching staffs -- which included the first-year salary of Gus Malzahn -- jumped 3.4 percent to $34.7 million.
Salary expenses figure to go up in 2014 with Malzahn agreeing to a six-year deal worth $26.85 million, and Bruce Pearl being paid $14.7 million over the next six seasons. Auburn also continues to pay buyouts to former coaches Gene Chizik ($7.5 million), Tony Barbee ($2.4 million) and John Pawlowski ($449,000) over the next several years.
Auburn appears set to pay its football assistants a total of $4.32 million in 2014, a bump from the $3.495 million salary pool last season, according to monthly pay statements obtained by AL.com in March. The updated salaries would rank Auburn's staff third in the SEC and third nationally based on figures obtained in 2013 by USA TODAY.
Alabama leads the SEC at $143.8 million to rank third nationally and Auburn is fifth within the conference ranking 13th in the country. Seven SEC programs rank in the top 16 nationally.
Texas leads the nation in revenue with $165.7 million. Thirteen schools generated at least $100 million in revenue in 2013.
In March, Auburn reported a deficit of $865,994 in a financial report provided to the NCAA during the 2013 fiscal year. Athletics director Jay Jacobs told AL.com last week the figures did not take fundraising from Tigers Unlimited into account, and the end-of-the-year budget was closer to $1 million in profits.
Auburn is also footing the bill for digital upgrades on campus as it prepares for the launch of the SEC Network in August. The school could spend more than $5 million by the end of the year, an amount above the average spent by other schools polled by AL.com at the SEC's spring meetings last week.
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