Big Money: B1G revenue reportedly exceeds $750 million in 2018
The B1G continues to bring in money hand over fist.
According to a report from USA TODAY, the B1G recorded nearly $759 million in revenue during its 2018 fiscal year. The massive figure is a 48 percent increase from the 2017 fiscal year, when the conference raked in $512.9 million.
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The B1G’s most recent fiscal revenue total is a single-year record. According to the report, commissioner Jim Delany received over $5.5 million in total compensation for the 2017 fiscal year.
Television agreements that took effect at the beginning of the 2017-18 school year drove the revenue to its record-breaking high. Of the 14 B1G schools, the 12 longest-standing members received $54 million. Rutgers and Maryland received smaller amounts due to their recent joining of the conference.
According to USA TODAY, the SEC reported approximately $660 million in total revenue for the 2018 fiscal year.