"From Sam Herder Sports"
FCS Football Budgets (FY25)
1. Montana State: $13,377,782
*2. Sacramento State: $10,126,064 (FBS)
3. Tarleton State: $9,415,847
4. South Dakota State: $9,124,858
5. William & Mary: $8,965,483
6. Montana: $8,889,687
*7. North Dakota State: $8,353,482 (FBS)
8. Stony Brook: $8,207,986
9. South Dakota: $7,913,204
10. UC Davis: $7,800,037
11. Idaho: $7,444,813
12. Cal Poly: $7,367,131
13. Norfolk State: $7,148,912
14. North Dakota: $6,957,141
15. Northern Arizona: $6,888,584
16. Rhode Island: $6,882,247
17. Eastern Kentucky: $6,787,579
18. Chattanooga: $6,626,202
19. Eastern Washington: $6,592,060
20. Stephen F. Austin: $6,391,770
21. UAlbany: $6,282,323
22. Alabama A&M: $6,275,934
23. Morgan State: $6,218,305
24. Maine: $5,820,521
25. Tennessee Tech: $5,811,530
26. Towson: $5,810,356
27. Austin Peay: $5,733,334
28. Northern Colorado: $5,701,876
29. Northern Iowa: $5,681,373
30. Southern: $5,658,093
31. Lamar: $5,643,571
32. Southern Illinois: $5,544,857
33. The Citadel: $5,503,440
34. Portland State: $5,448,403
35. New Hampshire: $5,422,334
36. Weber State: $5,385,486
37. McNeese: $5,260,577
38. VMI: $5,217,980
39. Eastern Illinois: $5,089,300
40. Youngstown State: $5,024,652
41. Grambling State: $4,981,977
42. Illinois State: $4,878,072
43. SC State: $4,845,832
44. Indiana State: $4,832,933
45. Idaho State: $4,789,595
46. NC A&T: $4,788,303
47. Prairie View A&M: $4,745,975
48. Utah Tech: $4,730,346
49. East Texas A&M: $4,712,258
50. NC Central: $4,691,602
51. Florida A&M: $4,558,050
52. Jackson State: $4,533,278
53. Alcorn State: $4,455,095
54. UT Martin: $4,426,548
55. Central Arkansas: $4,411,759
56. Southeastern: $4,351,469
57. Southern Utah: $4,298,072
58. Western Carolina: $4,120,560
59. Murray State: $4,002,300
60. North Alabama: $3,932,412
61. SEMO: $3,921,274
62. West Georgia: $3,715,778
63. Western Illinois: $3,514,500
64. Nicholls: $3,406,656
65. Northwestern State: $3,373,067
66. Texas Southern: $3,064,981
67. CCSU: $2,768,117
68. Arkansas-Pine Bluff: $2,407,434
69. Morehead State: $1,686,373
70. Mississippi Valley State: $1,553,420
Some notes:
[ol]
Private schools and some public schools are not required to disclose this information through FOIA or open records requests.*Sacramento State and North Dakota State moved to the FBS in 2026.Football budgets include items like scholarships, coaching staff salaries, travel expenses, equipment, stadium/facility debt, etc.Montana State had a bigger football budget in FY25 than 20+ FBS programs, including teams like Northern Illinois, Wyoming, and UTEP.[/ol]