Home » The Big Ten, the SEC are the highest conferences in income with an athlete pay plan on the horizon

The Big Ten, the SEC are the highest conferences in income with an athlete pay plan on the horizon

by admin
The Big Ten, the SEC are the highest conferences in income with an athlete pay plan on the horizon

The Big Ten held a slight edge over the SEC in income for the second yr in a row and the ACC additionally positioned a distant third among the many 5 main faculty sports activities conferences, in keeping with tax filings launched this week.

The 5 leagues mixed to generate $3.55 billion within the 2022-23 fiscal yr, with the Big Ten reporting income of $879.9 million in comparison with $852.6 million for the SEC. The ACC noticed essentially the most important enhance, from $617 million in 2021-22 to $707 million.

The Pac-12, which is able to see 10 of its 12 members break up into different conferences in 2024-25, made $603.9 million. The Big 12 was fifth at $510.7 million.

The particulars had been revealed this week when all 5 conferences and the NCAA agreed to pay a complete of $2.8 billion to settle antitrust lawsuits which might be anticipated to result in the creation of the primary revenue-sharing program there. faculties can pay their athletes immediately for the primary time.

The Big Ten and the SEC have emerged as main conferences after a wave of realignments that led to varsities leaving one league for the opposite two years in the past. The dramatic enchancment from that was the demise of the Pac-12, however the incomes energy of the Big Ten and the SEC can be a significant improvement, feeding angst and concern among the many remainder of the conferences.

SCHOOL FEES

Twelve of the Big Ten’s 14 faculties every obtained about $60.5 million from the convention, with 2014 additions Maryland and Rutgers receiving about $58.8 million every.

See also  Football on TV: Wednesday 29 December with Chelsea and Manchester City

The SEC distributed $51 million to every faculty. Each ACC faculty obtained between $43.3 and $46.9 million; Notre Dame, unbiased in soccer, obtained $22.1 million.

The 12 largest faculties obtained distributions starting from $43.8 million to $48.2 million. The Pac-12 distributed about $33.6 million to every of its members, down from $36 million final yr.

COMMISSIONER’S AWARD

Jim Delany, who’s stepping down as Big Ten commissioner in 2020, obtained a $3 million retirement bundle and one other $2.8 million in deferred pay. Kevin Warren, who changed Delany who left in April 2023, was paid $3.7 million.

SEC Commissioner Greg Sankey was paid roughly $3.6 million

The ACC paid Jim Phillips an estimated $2.8 million in his first yr as commissioner.

The Pac-12 paid former Commissioner George Kliavkoff $3.98 million. Larry Scott, Kliavkoff’s predecessor, was paid $2.28 million, together with $1.5 million in a severance settlement. The Pac-12 collected $6.7 million in authorized charges, practically 3 times as a lot as another convention.

Bob Bowlsby, the previous Big 12 commissioner, was paid $17.2 million in his final yr. That consists of $12.3 million within the three years remaining on his contract and $2.6 million in deferred compensation. Brent Yormark earned $1.2 million in his first yr as Bowlsby’s alternative,

The 4 fiscal years of the Power 5 convention ended on June 30, 2023; SECs ended Aug. 31, 2023.

It is reported by the Associated Press.

Find out extra about College Football Follow your favorites to get details about sports activities, information and extra

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy