According to a study released Thursday by USA Today, Michigan State was one of the top 20 athletic departments in the country in total revenue in 2015-16. MSU ranks No. 16 with a revenue of $123,034,495, which is good for fifth in the Big Ten behind Ohio State, Michigan, Wisconsin and Penn State. Michigan State is also No. 13 nationally in total expenses at $121,892,394.
Source: Spartan Tailgate