Big Ten revenue distributions to see notable increase, per Michigan AD
Big Ten programs can expect a bigger payout from the conference when revenues are distributed for the 2023 fiscal year.
On Thursday, Michigan athletic director Warde Manuel presented the year-end financial projections and the budget for the coming year to the Board of Regents.
UM AD Warde Manuel presenting FY23 budget at Regents meeting pic.twitter.com/SL6pZuhURS
— angelique (@chengelis) June 16, 2022
Highlights were made available online, including a note that U-M expects B1G revenue distributions to increase by nearly $10 million:
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Elements of the new budget are as follows:
• Spectator admissions revenues are projected to increase by $6.5 million due to an eight-game home football schedule compared to seven home games last year, as well as an increase in season ticket prices. Big Ten Conference distributions are projected to increase by $9.7 million, primarily due to an increase in television revenues.
Michigan projects B1G conference distributions to increase $9.7 million, which would put the figure just shy of $60 million in the final year of their media rights deals. https://t.co/YmPyR1JUDw
— Bryan Fischer (@BryanDFischer) June 16, 2022
USA TODAY’s Steve Berkowitz reported in May on conference revenues from the power conferences, including the B1G, for the 2021 fiscal year which was impacted by COVID-19:
Payouts to schools: Ranged from $43.1 million to $49.1 million. (In 2020, they were about $54.3 million for each of its 12 longest-standing members, $27.6 million for Maryland and $11.4 million for Rutgers. Maryland and Rutgers also received loans from the conference.) Payouts to schools other than Maryland and Rutgers were helped by those two schools beginning to repay loans they had received while receiving smaller annual shares. Combined, they returned $29 million to the conference in fiscal 2021. They still owe $145 million, with most due from Maryland.
A 2019 projection had the B1G media rights revenue distribution hitting the $60 million mark in 2025:
Per a February report, @bigten teams will surpass the $60 million mark (per school) in media rights revenue in 2025. By 2029, that figure will be almost $70 million. In 2027, Rutgers will get its first full share as a @bigten member — $65.238 million.
— Dennis Dodd (@dennisdoddcbs) August 15, 2019