Texas A&M raised a school-record $740 million in the last fiscal year, beating its previous year’s total by $300 million and leading the school chancellor to credit the windfall in large part to the Aggies’ move from the Big 12 to the SEC, according to a report on Tuesday from the College Station Eagle.
The Eagle reported that the total dwarfs the previous state record of $453 million set by Texas during the same period.
Texas A&M Foundation President Ed Davis also credited football in general and Johnny Manziel in particular for the huge numbers.
At least part of the money will be used to finance a $450 million upgrade to Kyle Field.
If there’s any further question about how important football or an honor like the Heisman Trophy can be to a university bottom line, just look to Texas A&M as Exhibit A.