MORGANTOWN, W.Va. -- West Virginia University's athletic department reported a $4.2 million profit during the 2012-13 fiscal year.
The university said Friday that revenues were $77.7 million in its first season in the Big 12, compared with operating expenses of $73.5 million.
That compares to a record deficit of nearly $13 million in 2011-12, which incorporated an exit fee related to the university's departure from the Big East.
"We all know how important it is to have a self-supporting athletic department," said WVU athletic director Oliver Luck. "And that goal has been reached once again."
Contributions to the Mountaineer Athletic Club of $23.9 million were a record for the second straight year. Ticket sales rose slightly to $21.6 million.
Royalties, advertisements and sponsorships totaled $4.5 million, and student fees were $4.3 million.
The school's revenue-sharing check from the Big 12 Conference was $10.3 million.
WVU received a 50 percent revenue share from the Big 12 in 2012-13 as a new member. That will grow to 67 percent in the current fiscal year and 85 percent in 2014-15. The university will become a full-fledged member in 2015-16.
Among the operating expenses in the 2012-13 fiscal year were $26.4 million for compensation, $10.7 million for facilities maintenance and repair, and $8.7 million for aid for 358 student-athletes.
"Oliver asked all of us to trim our budgets, but do so in a way that would not affect our competitiveness athletically or hinder our student-athletes in the classroom," said Michael Szul, WVU's associate athletic director for business operations. "The athletic staff worked with the business office to tighten budgets, and along with our MAC donors' generosity, we were able to reach our goal of turning an excess."