B1G projecting to pay out $44.5 million per school in 2017-18
Lafayette Journal & Courier got their hands on an internal B1G memo through an open records request to Purdue that outlined the B1G conference's projections for revenue leading up to their next television contract in 2017-18. The number they are estimating: $44.5 million per school (Maryland and Rutgers do not receive full revenue shares until 2020-21).
April 26th, 2014 at 12:39 PM ^
Not a Delaney fan but that guy sure knows how to print money
Ehh.. Could be worse. Remember the five!
this?
or this?
April 26th, 2014 at 12:45 PM ^
"Future projections: $30.9 million in 2014-15; $34.1 million in 2015-16 and $35.5 million in 2016-17 for the 11 schools, excluding Nebraska."
Not bad. From the current upcoming season to 2017-18, that would make for about a 30% overall increase for a full member of the conference in that period. I know there was a thread about who would maintain the lead in conference revenue about a week ago, but this memo is showing one of the reasons that the Big Ten has a decent chance of remaining the revenue leader among power conferences. I don't know if even the SEC could manage that sort of increase in a few seasons, although we shall see with the SEC Network coming into play, I suppose.
April 26th, 2014 at 12:47 PM ^
I am not sure if they are negotiating yet but the current deal runs through 2016-17.
good medical insurance. /s
Can someone please post where that compares to ND/SEC/ACC etc?
April 27th, 2014 at 12:41 AM ^
I believe NDs contract with NBC is for $15mill a year. For strictly just football.
Why not make it a bajillion trillion gazillion? It still won't have an impact on real students.
Time to start spending it on good coaches.
this.
That comment is likely directly strictly toward football as the B1G does pretty well in basketball. If we're all going to be banking $45MM per year basically off football, then the conference needs to stop hiring whatever MAC coach goes 9-3 the previous year. Spend some money and get a big name
Wow that number was only like $22 million a year or two ago. Cha-Ching!!
However, there still will not be enough money to take the band on the road.
"Revenue Purdue has received from the Big Ten since 2007-08:
2007-08: $18.8 million
2008-09: $19.2 million
2009-10: $20 million
2010-11: $22.8 million
2011-12: $24.7 million
2012-13: $25.4 million"
WTF are they spending all that money on? It sure ain't on Football or Basketball excellence.
Maybe they use the revenue to further the university's acedemic mission.
#JUSTPLAYIN #LOLAMIRITE #MAKEITRAIN #MONEYOVEREVERYTHING #YOLO
Probably administrators that increase the prestige of the univeristy but do very little necessary work. That's what Michigan has done.
April 26th, 2014 at 11:34 PM ^
We all know there's a huge ramp up in facilities nationwide and hasn't it been shown recently that AD pay and the number of staff in the athletic dept is way higher than it was just 5-10 years ago?
Because the conference sure ain't spending it on coaches right now. Maybe we should all just start paying recruits, That would ramp things up pretty quick
Totally off topic, but these apparel contracts are a drop in the bucket compared to the B1G annual payout. More reason to switch back to Nike!
So the choices are 1) build a molten platinum fountain for Schembechler Hall, 2) pay everyone 1000% more, 3) build a 100,000 seat stadium for the crew team over the remains of the UGLI, or 4) pay players.
....use the windfall to lower tuition for regular students. Like, you know, use the extra $ to pay back the U for riding their coatails for 100 years instead of upping coaches salaries and building "study" lounges for athletes with built-in everything (except blow jobs, apparently).
This shit is everything that's wrong with the world today.
April 27th, 2014 at 12:03 AM ^