BIG TEN

May 15th, 2019 | by CollegeAD
BIG TEN
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The Big Ten Conference has established a new benchmark in the how-high-is-up world of college sports finance: It recorded nearly $759 million in revenue during its 2018 fiscal year. The figure, which far exceeds any comparable annual figure for a college sports conference, was revealed in a new federal tax return that the conference provided Wednesday in response to a request from USA TODAY. It is a year-over-year revenue increase of 48 percent, with the conference reaching $512.9 million in fiscal 2017. The return also showed that commissioner Jim Delany was credited was just over $5.5 million in total compensation for the 2017 calendar year. That, too, is a single-year record for a conference. The revenue total was driven by new TV agreements that took effect at the start of the 2017-18 school year and resulted in payments of roughly $54 million to each of the 14-team conference’s 12 longest-standing members. In February, the Southeastern Conference reported just under $660 million in revenue for fiscal 2018, resulting in an average of $43.7 million being distributed to the 13 member schools that received full shares. – Steve Berkowitz, usatoday – Read More

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