Report: Big Ten schools projecting major payout with new TV deal
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The Minnesota Gophers and their fellow members of the Big Ten Conference could be in for a substantial payout in the coming years.
According to a report by the Lafayette Journal & Courier, the Big Ten is projecting that 12 of its 14 schools, excluding conference newcomers Rutgers and Maryland, will each receive $44.5 million in the 2017-18 school year with the help of the conference's next TV deal.
The Big Ten's current 10-year deal with ESPN/ABC-TV expires after the 2016-17 season. CBS holds the rights to select Big Ten basketball games ($72 million), while Fox has a six-year, $145 million contract for the rights to the conference's football championship game. Both of those contracts also expire after 2016-17.
Until then, the conference is still expecting a steady increase in income for its members. Based on the numbers reported by the Journal & Courier, 11 schools, including the Gophers, will each bring in $27 million this year, $30.9 million in 2014-15, $34.1 million in 2015-16 and $35.5 million in 2016-17.
Nebraska, which joined the Big Ten in 2011, won't receive its full revenue share until the 2017-18 season -- the year the new TV contract will go into effect. Rutgers and Maryland will become official members of the conference on July 1. Like Nebraska, both schools will gradually be folded into the Big Ten's revenue sharing structure.
It should be remembered that these are only projections and obviously subject to change.