NCAA revenue jumps closer to $1 billion

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Every penny counts, and the NCAA made a lot of them in 2014. In financial numbers released Wednesday, the NCAA showed a revenue of $989 million in 2014. With $908 million in expenses, the NCAA netted a surplus of about $80.5 million.

Compared to the previous fiscal year for the NCAA, the net surplus is about $20 million higher in 2014. As you might suspect, the 2014 surplus is the largest in NCAA history. So where did all of that money come from?

Approximately $753.5 million in revenue came through various television and marketing rights fees. An additional $114.8 millions came from championships and NIT tournaments. It should be noted the College Football Playoff and bowl games are not included under NCAA revenues as the NCAA is not associated with the bowl system or the College Football Playoff beyond sanctioning them as official postseason games and record keeping.

Of the $908.5 million in expenses, $547 million was distributed to Division 1 schools. A total of $34.7 million went to Division 2 distributions, championship expenses and other programs. Division 3 championship expenses and distributions amounted to $28.7 million. The NCAA also set aside $158 million for legal expenses, an astronomical number.

The details regarding large payouts to be made from losing legal battles is also outlined. A $70 million payout from a concussion lawsuit is undergoing negotiations with insurance providers. The settlement amount has not been 100 percent finalized, so there is still time before the NCAA has to commit to the funding for the concussion lawsuit. The NCAA says a “combination of insurance proceeds and settlements with third parties” to settle the $20 million owed as a result of the Sam Keller video game likeness lawsuit.

One notable lawsuit the NCAA has not yet put into a calculator is the impending amount due from the Ed O’Bannon lawsuit. The NCAA is appealing a previous verdict so there is more to the fight before having to worry about the expected loss that could be rather significant.

These numbers come out as the NCAA is about to hold its biggest annual moneymaker, the NCAA Basketball Tournament. Last year’s Final Four was held in Arlington, Texas in AT&T Stadium. This year’s game will be played in Indianapolis, with a smaller venue and fewer seats to fill, and tickets to be sold.

“Great big venue and lots of people attending,” NCAA president Mark Emmert said, per USA Today. “It will be hard to achieve that same result in a somewhat smaller venue this year.”

Just imagine if the NCAA had taken control of the college football postseason years or decades ago. They would be seeing some monster profits from that as well.

Rutgers hires search firm to help find new football coach

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Rutgers has officially been in the market for a new head football coach for over a week, and now the school is going to get some help from a search firm.

Rutgers announced a new partnership with Ventura Partners on Monday. The firm will help Rutgers in searching for a new head football coach and may assist in helping to hire other new leaders in the future as Rutgers looks to revitalize their entire athletics department.

“We are excited to be working with Ventura Partners,” Rutgers Director of Athletics Pat Hobbs said in a released statement on Monday. “They provide a unique range of services, including talent acquisition and development. We will begin working together immediately to ensure excellent leadership for our football program. They will also be working with us throughout the engagement on strengthening our human resources and providing market data and intelligence.”

Rutgers fired Chris Ash as head coach on Sept. 29, which is a costly move thanks to a previous contract extension. The Scarlet Knights have since been dealing with a handful of players redshirting the remainder of the season and an abysmal performance on the road against Indiana in which the team gained just 75 yards of offense while giving up over 500 yards to the Hoosiers.

Mike Aresco expects to hear update on AAC championship game waiver “in the next month”

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With the upcoming departure of UConn from the American Athletic Conference, the staus of the AAC Championship Game is officially in question. Without 12 football-playing members, the AAC does not satisfy the NCAA requirement to play an official conference championship game without a waiver. Not wanting to give up the title game just a few short years after implementing it (and accepting the extra revenue generated in the TV contract), AAC commissioner Mike Aresco is hoping to get some positive word on a waiver request sometime soon.

How soon?

It looks like we may have an update on this situation within the month. The sooner, the better.

UConn is leaving the AAC after this current football season, and Aresco has made it clear the conference still wants to continue playing its conference title game. The current plan is for the AAC to scrap the two-division format entirely and pit the two best teams in a conference championship game at the end of the regular season (an idea that would work well in almost every conference, by the way). The AAC reportedly field a formal waiver to allow for the championship game to live on back in August.

The Big 12 currently only has 10 members and has been granted permission to field a conference championship game on top of the round-robin schedule played during the season. If the Big 12 can have a conference title game without 12 members, then the AAC should be getting confirmation their conference championship game will continue too. But waiting for the official word is needed before the conference can start making plans for 2020 and beyond.

At this point, there remains no sign the conference is looking to add a 12th member for football, which would negate the need for a waiver. But if the waiver is denied, for some reason, then expect the AAC expansion rumors to start flying once again.

Michigan Class of 2018 four-star TE Mustapha Muhammad enters NCAA transfer portal

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The NCAA transfer portal has been busy this Monday. Add Michigan tight end Mustapha Muhammad as one of the latest entrants into the transfer portal. Muhammad made the transfer portal news himself with an announcement on his Twitter account Monday afternoon.

Muhammad is a redshirt freshman. He will have to sit out the 2020 season if he lands at another FBS program, and he will have two years of eligibility remaining beginning 2021. By entering the transfer portal, Muhammad is free to have contact with any other football program looking to recruit him out of Ann Arbor. The Texas native signed with Michigan over offers from Ohio State, Alabama, and Clemson, among others. Unfortunately, the highly rated recruit hasn’t been able to establish a key role in the Michigan offense early on, even with the Wolverines offense looking for playmakers.

Michigan’s tight end position appears to be settled with Nick Eubanks and Sean McKeon reaching the midway point of the season as Michigan’s leading tight ends when it comes to receiving yards. Eubanks is fifth on the team overall with 128 receiving yards and a touchdown. McKeon has added 96 yards and two touchdowns. Both players are seniors, however, but Michigan also has redshirt freshman Luke Schoonmaker as an option at the tight end position moving forward.

Oregon DB Kahlef Halassie steps into transfer portal

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Oregon defensive back Kahlef Hailassie is now officially on the market. Hailassie announced on his Twitter account on Monday afternoon he has officially entered his name into the NCAA transfer portal.

A sophomore and a member of Oregon’s Class of 2018, Hailassie is now eligible to have contact with any other college football program that may be interested in recruiting him to their program. when he committed to the Ducks out of high school, Hailassie chose Oregon over offers from Colorado and Washington State, among others. Hailassie had previously committed to Colorado during his recruiting process, only to de-commit shortly after an official visit to Boulder.

Hailassie played in just three games this season before being sidelined with an injury. Because he has played in fewer than four games, Hailassie can use the 2019 season as a redshirt year. Hailassie played in all 13 games for Oregon as a true freshman in 2018, recording one tackle as a reserve player and a special teams player. Hailassie will have to sit out the 2020 season if he ends up at another FBS program, which would make him eligible to return to the field with two full years of eligibility remaining beginning in 2021.