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Big Ten members in line for record payout

Raining Money

With the SEC announcing this week the creation of a new network set to launch next August, the Big Ten’s latest financial figures show the new network kid on the block what kind of cash could/will be in their collective futures.

According to the St. Louis Post-Dispatch, and based on numbers it received from the University of Illinois, each member of the Big Ten will be paid a record $25.7 million from the conference.  That number is up from $24.6 million last year.

Those figures include $10.9 million apiece coming from ESPN/ABC, and are the second-to-last projections prior to the arrival of new members Maryland and Rutgers..

While the overall numbers increased, membership will actually see a decrease in its Big Ten Network revenue.  Last year, membership outside of Nebraska received $8.1 million each from the network; this year, that figure will fall to $7.9 million.

The Post-Dispatch writes that decrease “could be due to additional revenue going to Nebraska after its second year of membership.”

While the Big Ten remains the reigning king of college football cash, that’s not expected to be the case for much longer.  Thanks in part to the creation of its own network, the SEC is expected to payout over $30 million per member annually

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12 Responses to “Big Ten members in line for record payout”
  1. thefiesty1 says: May 6, 2013 10:22 PM

    I wonder why the revenue dropped from $8.1 mil to $7.9 mil? It could because it’s the BIG with mediocre football to offer the network.

  2. alligatorsnapper says: May 6, 2013 10:37 PM

    The SEC has spent its equality sharing money wisely over the past years, investing in better coaches, better practice and exercise facilities, better and expanded stadiums, and in the case of LSU–contractually obligating themselves to payments to the General Fund off the top of the revenue and then 50% of all profits which helps all students, not just athletes.

    Now with $30 million per member annually in payout, some of the weaker teams in the conference should be able to build their facilities and staff to better compete in the conference and especially with non-conference opponents. The weaker teams become stronger and the stronger become stronger yet.

    Playoffs are coming at a good time though (in deference to how long southernpatriots’ family have been pushing for them), a few decades ago would have been even better. Slive will leave a legacy that will be hard to follow when he does decide to leave.

  3. bengalbuck says: May 6, 2013 10:44 PM

    @thefiesty1

    If you read the article completely you wouldn’t need to ask that question.

    It will be funny to see how much more the Big 10 walks away with than all else when their ABC/ESPN contract comes up in a couple of years.

  4. sportsbastard says: May 6, 2013 10:55 PM

    Not bad for the 4th best football conference in the NCAA.

  5. bengalbuck says: May 6, 2013 11:02 PM

    It should be noted that I was not knocking the sec in any way. In fact I think the Big 10 and the sec do their revenue sharing the right way. That’s the reason why Nebraska and Missouri couldn’t get out of the crooked big 12 fast enough. IMHO

  6. going4iton4th says: May 6, 2013 11:04 PM

    @bengalbuck

    Say what you want–but the SEC slice of the pie will be substantially larger than the Big 10. The Big 10 network is a collaboration with FOX and I will respectfully say that the SEC brand is going to be economically maximized by being in bed with the World Wide Leader.

  7. bengalbuck says: May 6, 2013 11:19 PM

    @going4iton4th

    I wasn’t talking about the Big 10/SEC networks, I was talking about the major TV contracts. The SEC just re-upped, but the Big 10’s contract isn’t up for a couple of years. In fact I believe most of the major conferences have recently done new contracts. All except the Big Ten and I have no doubt that they will top all others again.

  8. glink123 says: May 6, 2013 11:21 PM

    Once the NCAA finally cracks down on the SEC’s chronically illegal practice of offering more scholarships than allowed by NCAA rules, the SEC’s scholarship-influenced dominance will cease to continue. It’s easier to be “wrong” on a few bad QB and DL recruits when you’re offering 128 scholarships compared to everybody else only offering 95.

  9. parkcityute says: May 7, 2013 6:08 AM

    @glink123

    Maybe I misunderstand, but I thought the rule was that a team should be down to 95 sometime in August. If so, can’t USC, Stanford, Ohio State, Texas, and everyone else do the same thing any time they want to?

    Each year when sports writers have looked, the teams are down to 95 at that time. I did not know they had to be down to that number earlier. If that is a loophole, the NCAA needs to close it, if not they need to enforce it. What is your info?

  10. bender4700 says: May 7, 2013 9:40 AM

    He’s talking about how several SEC schools over sign, some recent articles about that. I don’t know any of the details.

    These stories about how rich each school, and the conference are getting are exactly why college football died years ago, and a new, somewhat professional league is forming. Except the players can’t get their cut, and the disparity is vast from top to bottom.

  11. MasMacho says: May 7, 2013 4:19 PM

    Complacency. Why would B1G schools need to complete at an SEC level when they are paid so much more for barely trying?

    Once P12 and SEC networks are at full steam it will be interesting to see if the profit balloon floats away from them, too.

    B1G is 2nd-4th on the field, 1st in the wallet.

  12. vincentbojackson says: May 8, 2013 10:41 AM

    Amazing payouts when you consider the Big Ten was not very competitive from top to bottom last year. Two-thirds of the conference weren’t bowl eligible and were just plain unwatchable.

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