Posted May 06, 2013

Report: Big Ten schools to receive $25.7 million this year

NCAAB, NCAAF

Schools in the Big Ten Conference are expected to receive a $25.7 million payout from the conference this year, including $7.6 million from the Big Ten television Network, reports the St. Louis Post-Dispatch.

Those figures came from documents obtained from the University of Illinois. Illinois reaped record benefits last year, collecting $24.6 million, including a record $8.1 million from the Big Ten Network.

The Southeastern Conference recently announced a deal with ESPN to create a national network that could mean big payouts worth as much as $30 million to each institution in the 14-team conference.

More from the Post-Dispatch:

Last year Illinois received $24.6 million, including a record $8.1 million from BTN. Annual figures are fairly consistent throughout the league, which has a balanced revenue sharing system.

This year schools in the Big Ten are expected to receive $19 million in television revenue with $10.9 million coming from ESPN/ABC, $7.6 million from the BTN and the remainder from CBS.

 

 


13 comments
rkcla08
rkcla08

and the fools running the conference don't realize the nfl and nba aren't paying them a red-cent for them being their minor league system.  this is a shameful return on investment pittance for the public (tax payer) institutions.  maybe the leaders and conference legends should go back and take econ 101...

Steve Phillips
Steve Phillips

Really Joe, if they don't want to pay for loans, they shouldn't sign for them? How do these students get into school? Good looks and a handshake? Pretty naive.

Steve Phillips
Steve Phillips

Who said anything about non-revenue sports? As an ex- athletic director I know too well what it takes for non-revenue sports and the waste is exactly where you say it is Joe. What you don't seem to grasp is that while coaches are paid millions, multi-millions are spent on unnecessary uniforms and facilities Joe student is getting hammered on tuition at an average 10% clip to get an education to be a productive citizen. While accumulating thousands in student debt others are sucking the revenue stream dry through wasted greed!

zeebaneighba
zeebaneighba

Great! More money for brick stadiums and artificial turf for the field hockey and lacrosse squads, and for dedicated varsity facilities that are off-limits to the general student body, faculty and staff. Next year, they hope to install leather recliners in the locker rooms for the water polo team. But don't deceive yourself this is going to support the educational mission in any way, shape or form, aside from the public relations aspect.

Steve Phillips
Steve Phillips

Yes, very lucrative but some places are lining their pockets, and the general student population is paying more than their fair share. Graduating students should not have thousands of dollars in student loans hanging over their heads!

jhalambeck
jhalambeck

Steve - Let's be honest.  College is a for profit business, and a very lucrative one at that.

Steve Phillips
Steve Phillips

It would be shameful for any big ten school to raise tuition fees for prospective students based on this revenue. Colorado, and Colorado State have raised tuition on average 10% over the last 10 years and that is shameful!

Iowa
Iowa

 @jhalambeck And big-time college athletic departments do a pathetic job of turning a profit. It doesn't matter how much TV money they get, they will continue to purchase every excess they can to make sure they spend more than they bring in. And then they keep going to ask students to pay fees for their programs. Disgusting the amount of money these departments blow, they need to be forced to pay taxes, maybe then they'd consider trying to be a little more responsible.

JoeCabot
JoeCabot

 @Steve Phillips Do you grasp the concept that this money goes to pay for many non-revenue generating sports, and the students that play them?

Iowa
Iowa

 @JoeCabot  @Steve Phillips Pure fallacy to think somehow the non-revenue sports are the money guzzlers. The money also goes to pay for excesses such as exorbitant coaches salaries, ridiculously unnecessary world class facilities, travel costs to play in conferences spreading across the country, rings for teams that win minor bowls, and 6 sets of different uniforms for teams. Running a tennis or track & field team is cheap, or at least it was until these conferences started spreading out, jacking up travel costs for those teams. The non-revenue sports are hardly the main reason why these leagues sell themselves out to TV, it has everything to do with their addiction to spending on any and every imaginable excess one can think of. These schools literally invent ways to waste money, even with all the revenues they bring in they STILL operate in the red.

vanboja
vanboja

Clearly, you have never seen a budget for a major athletic department.  Clearly, you haven't seen the facilities that the subsidized programs have at major universities.  These facilities are generally very nice.  One of the major expenses of any athletic program are the scholarships.  Do you think that these are free from expense to the university?  Do you think that housing is free?  Tutors?  Travel?  Coaching?  Travel isn't the major expense item for most programs.  Maybe for Hawaii, but not for most programs. 

JoeCabot
JoeCabot

 @Iowa  Did not write that they are money guzzlers, but if they are not generating revenue they need to be subsidized.   When these teams are subsidized, the students that play these sports are subsidized, so plenty of the revenue generated by the bigger sports go to students outside of those teams, something that posters like Steve don't seem to grasp as they go into one of their occupy movement rants.