How much does Michigan State pay players (revenue share / NIL budget)?
The House revenue-share cap is $20.5M in 2025–26 and $21.58M ($21,583,913) in 2026–27. Michigan State hasn't released how much of that it has actually paid out.
Updated June 10, 2026
Where does your school rank? Michigan State ranks #20 of 68 in annual capacity.
Michigan State: NIL budget, collective payout, football revenue, and head coach salary.
The House revenue-share cap is $20.5M in 2025–26 and $21.58M ($21,583,913) in 2026–27. Michigan State hasn't released how much of that it has actually paid out.
FY2025 football revenue for Michigan State is $77,084,648. FY2025 football spending for Michigan State is $48,227,813. Revenue is what the program brought in. Spending is what it paid out. They are not added together.
Pat Fitzgerald's pay at Michigan State is $5,000,000 as of December 1, 2025. The buyout is an estimated $21,750,000 as of December 1, 2025. Source: Michigan State Head Football Coach Terms Sheet (Dec. 1, 2025) via WLNS.