Transic_nyc
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Newest Big Ten additions earn different paychecks
http://www.thegazette.com/subject/sports...s-20160628
Quote:According to the Big Ten’s 2015 fiscal year tax statement, Nebraska picked up nearly $19.83 million, while Rutgers received $10.449 million. Those numbers represent projected earnings from their previous conferences at the time they joined the Big Ten.
However, those numbers are significantly less than what Maryland received. The Terrapins took in $24.125 million in Big Ten revenue in 2015, about $4.3 million more than Nebraska and about $14.68 million more than Rutgers. Maryland’s number is based off its likely proceeds as an Atlantic Coast Conference member.
“We sat down with them in the negotiations of their final integration into the conference,” said Big Ten deputy commissioner Brad Traviolia. “The Big Ten guaranteed that for a six-year period we would pay them the amounts at which their prior conference was projecting they would send to their member institutions over those six years.
“In Nebraska’s case, for the 2012 through ‘17 fiscal years, those numbers represent what the Big 12 at the time of negotiation was projected to send to their schools. Maryland had a different number. They had the ACC number, and Rutgers had the former Big East or the American conference projections at those times of the negotiations.”
Nebraska, which joined July 1, 2011, will be a fully integrated Big Ten member on July 1, 2017. Maryland and Rutgers became official members on July 1, 2014. They will become fully vested partners in 2020.
The league’s remaining 11 members all cleared between $32.41 million and $32.54 million from the Big Ten in fiscal year 2015. Iowa earned $32.433 million.
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06-28-2016 06:44 PM |
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megadrone
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RE: Newest Big Ten additions earn different paychecks
Still better than we would have done in the American.
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06-30-2016 09:30 AM |
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RutgersGuy
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RE: Newest Big Ten additions earn different paychecks
I thought maryland got more up front as part of a loan?
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06-30-2016 10:30 AM |
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General Mike
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RE: Newest Big Ten additions earn different paychecks
(06-30-2016 10:30 AM)RutgersGuy Wrote: I thought maryland got more up front as part of a loan?
I think so, but they also would have gotten more as the ACC payout was higher then the Big East/ American
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06-30-2016 10:46 AM |
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Transic_nyc
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RE: Newest Big Ten additions earn different paychecks
(06-30-2016 10:30 AM)RutgersGuy Wrote: I thought maryland got more up front as part of a loan?
The loan was mentioned later in the article. I only quoted a part of it.
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07-01-2016 11:11 PM |
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