So despite being banned from playing in a bowl game next year Ohio is still going to get their share of the B1G bowl pot. I guess it's not *THAT* big of a deal but I still think that's stupid. If you're banned from going to a bowl game I think the money should be split amongst the rest of the schools - you shouldn't get a massive financial windfall becasue you broke the rules!
Also, where in the world are they coming up with 400k??? As noted by Blue In Seattle just over a month ago the average payout per member school from the bowls is over 2.5M!
"Total Bowl Payout: $47,200,000 ($47.2M)
Total Travel Expenses borne by Big 10: $15,550,000 ($15.55M)
Big 10 profit after expenses: $31,650,000 ($31.65M)
Big Ten splits revenue equally amongst all its member schools (except new member Nebraska, which is subject to terms of a financial integration plan the conference will not disclose)
$31,650,000 divided by 12 = a minimum of $2,637,500 per school (approximate, and best-case-scenario number gleaned from assuming that Nebraska will get an equal cut, which it will not.)"
*Edited for verbiage
I'm sure that most of us who have been out of college for a little while have some amount of money saved for retirement--or you're blowing it on hard drugs. Seriously though, anyone with stock in Fed Ex may want to reconsider.
I'm all for random super rich dudes blowing their cash, but this article is talking about using 10 million a year from Fed Ex to sponsor Memphis's inclusion in a BCS AQ conference. I'd be beyond livid if I were a shareholder. It's one thing to pay for a company name on the Orange Bowl, but I don't know that any team is worth 10 million a year to a company that doesn't make sporting goods. To contrast, Michigan signed their Adidas contract for about 7.5 million.