Sportsbook Reports: Big Ten Conference Earns $759 Million in 2018
The latest federal tax return of the Big Ten Conference for the 2018 fiscal year showed it had a very good year financial-wise. In fact, it earned almost $759 million in the fiscal year. The figure surprised most sports news outlets. In addition, the amount is a 48 percent increase in year-over-year.
The federal tax return showed Big Ten Conference commissioner Jim Delany got more than $5.5 million for the 2017 fiscal year. That amount was a record for the conference according to news reports.
Most of the revenue came from new TV deals that took effect at the beginning of the 2017-18 school year. As a result, the 12 longest-standing members of the conference got around $54 million each. Rutgers and Maryland got a smaller revenue share. However, both schools got loans from the conference against their future shares.
Big Ten Conference and other Conferences Earnings
Southeastern Conference told sportsbook pay per head providers that they earned $660 million for the 2018 fiscal year. As a result, the member school got $43.7 million each except or Mississippi. The school didn’t get a full share due to the banning of its football team from the postseason. In addition, Big 12 earned $374 million for the 2018 fiscal year.
Big Ten Conference has a new basic per-school share. Programs get more money from one source compared to other Division I athletics departments. At present, there are more than 170 public school programs with less than $54 million in revenues.
Delany’s compensation is more than what Larry Scott got from being the commissioner of the Pac-12 in 2016. In addition, Scott continued to benefit from a $1.9 million loan he got from 2010. On the other hand, Delany’s base salary in 2017 was $2.25 million. It was around $125,000 more than what he received the previous year, according to pay per head sportsbook reports.