FC/OT: B1G issues BIG payout…
- Thread starter Midnighter
- Start date
Just have to ask.
What was the formula for the disbursement calculation?
What was the formula for the disbursement calculation?
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Neeli: So, Pat, $88.9 million is a nice addition to the athletic department’s coffers. That will go a long way.
Kraft:
That money is long gone!
Neeli:
Kraft:
That money is long gone! Neeli:
Kraft: pot meet kettle.Neeli: So, Pat, $88.9 million is a nice addition to the athletic department’s coffers. That will go a long way.
Kraft:
Neeli:
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Neeli: So, Pat, $88.9 million is a nice addition to the athletic department’s coffers. That will go a long way.
Kraft:
Neeli:
New B1G Tagline:
It just pays more.
It just pays more.
Big Ten distributes $1.37B in revenue for 2024-25 fiscal year
The Big Ten Conference distributed a record $1.37 billion to its 18 members in the 2024-25 fiscal year, an increase of nearly $500 million.
www.espn.com
”League commissioner Tony Petitti earned more than $4.5 million, according to the latest tax filing, and former commissioner Jim Delany received $5.82 million in bonuses and deferred compensation, as well as $600,000 in consulting fees.”
For f*ck’s sake.
How Penn State spent its record 2025 financial payout from the Big Ten
The operative word here is "spent"Penn State cashed a huge check from the Big Ten Conference following during its 2024 run to the College Football Playoff semifinals, receiving $88.9 million from the conference. So where did all the money go? The Beaver Stadium renovation, of course, along with significantly more spending on football and the first year of recorded Name, Image and Likeness payments to athletes.
The Big Ten on Friday announced that it generated a record $1.47 billion in revenue for the 2024-25 fiscal year, a $540 increase over its previous high. The conference also distributed a record $1.37 billion in revenue payments to its 18 conference members for the fiscal year, a $490 increase over the previous year.
That meant big money for Penn State. According to the Big Ten tax return obtained by ESPN, Penn State received $88.92 million in revenue distribution, just behind Ohio State, which received $91.55 million after winning the college football national championship. Penn State made the Big Ten Championship game and the CFP semifinals in winning a school-record 13 games that season.
That $88.9 million payout was essential to funding the largest athletics budget in Penn State history. The athletic department spent $254,643,919 during the fiscal year and took in $254,867,598, according to its most recent financial report. Penn State nearly zeroed out its budget for the year, reporting a surplus of $223,679.
Penn State's most important new budget line item fo the 2024-25 athletic year was for its "Institutional NIL Revenue Share." Few schools nationwide made public how they distributed NIL money on their most athletic budgets, but Penn State reported a total spend of nearly $18.4 million.
Penn State's NIL allocations for the fiscal year represented "direct institutional payments or additional benefits to student-athletes and/or student-athletes’ families not currently permitted or permitted prior to the House settlement approval," which took effect July 1, 2025.
What did Penn State's NIL spending look like? Football, men's basketball and wrestling received most of the money, while six other programs shared the rest.
more, if you can stomach it: How Penn State spent its record 2025 financial payout from the Big Ten
So, $1.47B revenue, $1.37B disbursed, where does the other $10B go? Does the B1G have 10,000 million dollars in operating expense ?
you have to allow for graft and corruption
Delaney with a $600K consulting fee. Waste of money. I guess that was part of his golden parachute retirement? Maybe part of the holdback from the $1.47 billion was used to pay Delaney?Big Ten distributes $1.37B in revenue for 2024-25 fiscal year
The Big Ten Conference distributed a record $1.37 billion to its 18 members in the 2024-25 fiscal year, an increase of nearly $500 million.
”League commissioner Tony Petitti earned more than $4.5 million, according to the latest tax filing, and former commissioner Jim Delany received $5.82 million in bonuses and deferred compensation, as well as $600,000 in consulting fees.”
For f*ck’s sake.
How much did the thief get from screwing over Penn State during the robbery of the bowl money?
In a single lifetime we've gone from
"I'm proud of my school because we win the right way and our players graduate"
to
"I'm proud of my school because we belong to a conference that makes enough money that we can spend it like drunken sailors"
we are
"I'm proud of my school because we win the right way and our players graduate"
to
"I'm proud of my school because we belong to a conference that makes enough money that we can spend it like drunken sailors"
we are
And Rutgers contributes what exactly? At least Purdue can play basketball.
rutgres is there for us. Otherwise, Penn State would be on an island. Thanks to rutgres, we feel belonged.
A super league for football is inevitable. The money is too great to pass up. Maybe something like the non-US global soccer structure, with relegation. The question is how to do it in a way that doesn’t violate anti-trust laws and in a way that respects the history of the 2nd tier schools. Ultimately money talks and the Purdue’s of the world will be bought off.
Who remembers Carr crying in rage, soiling himself for 2 seconds back on the clock, while the refs ignored a trip and chuck in the back on the winning play?
Historically, with most of the conference revenue streams, the pie was divided up into "X=1" more or less equal parts.... with X being the number of conference members.
Each member took a piece, and the "conference" got an equal piece Why? Why is that number not simply equal to the reasonable costs associated with the reasonable and necessary expenses to run the office? Who knows?
Back in the day, when the conference pie was relatively small (compared to each school's own revenues from ticket sales, etc) the "equal piece for the conference" may have been about the "right" amount.
As the landscape has become dominated by the size of the conference media rights, giving an equal share to the conference administration is crazy - and why you see these huge slatherings of cash being given to the likes of Pettiti and Delany. Over $10 MILLION? "Hey, we gotta' spend it somewhere"
"College" Administration (sports and otherwise). One of the leading money-grabs in the nation. No doubt.
This is for 24-25, so seems the extra payments to PSU and OSU were for advancement in the playoffs (and OSU winning the NC). Otherwise why should Purdue and Rutgers invest in their programs? Essentially get the same financial reward. Can’t imagine the big boys will tolerate that much longer…
Yep, I’m now a heartless fan enjoying wins for less than 5 minutes after the game. Oddly I wear a State hat every day. I should probably look into this.
Oh, that is definitely coming - IMO. That was a concept that was hidden inside that "private equity" deal that the Big Ten almost entered into (not really "private equity", but that California Pension bit that folks were talking about. The "pay day loan" bit).
I have to expect the powers-that-be were attracted to the idea that the "private equity" deal allowed them to hide that adjustment, rather than just simply have to come out and say "The big boys are going to get more - now how do we determine who the big boys are?"
The concept is already in place in some other conferences.
And, yes, most of that differential in payout to OSU, PSU was due to the advancement in the playoffs.... of course, what was NOT discussed in there was that advancement in the playoffs (due to the portion of the costs involved that each school is responsible for paying themselves) is actually a net financial LOSS. (They spend more in "stuff" related to the games than they get in extra from the pot)
Not that folks don't want to make the playoffs (because that generally means you had a successful year - and there are a lot of tangential benefits to that) but in and of themselves making the playoffs are a definite money loser for the participants - just as bowl games are and have been.
