The Minnesota Golden Gophers will be receiving $24.6 million this year for their part in the Big Ten Conference shared revenue.
Revenue sharing is at an all-time high, as the Big Ten Network alone generated profits of $79.2 million in 2011. That money is combined with the profits generated by the NCAA and Big Ten, which is then evenly distributed to each team in the conference.
With the rising popularity of the Big Ten Network, television deals helped each school in the conference receive an all-time high in revenue sharing, as reported by the St. Louis Post-Dispatch.
The payouts include $7.2 million per school from the Big Ten Network as well as $10 million per school from the conference's contracts ESPN/ABC and CBS.
The Big Ten Network has played a crucial part in the increased revenue of the conference since its creation in 2007.
With the Gophers budget ringing in around $79 million, the nearly $25 million received from the conference is much more important to Minnesota than a school like Ohio State, which has an annual budget of $131 million, according to the Department of Higher Education.
Thursday, May 31, 2012
Wednesday, April 25, 2012
Gopher Hockey set to face Wisconsin at Soldier Field in February
The Gophers men's hockey team will face rival Wisconsin at Soldier Field in Chicago this coming February.
This will be a historic outdoor meeting between the two teams, because it will be their last meeting as Western Collegiate Hockey Association foes before the two transition into the newly formed Big Ten Hockey Conference in the 2013-14 season.
Wisconsin has already signed the contract agreeing to play host to the Gophers on Feb. 17, 2013, according to the Wisconsin State Journal.
The game would likely be part of the regular season series scheduled for Feb. 15-16 in Madison, but instead the two teams would play Feb. 15 in Madison and then take a day for travel before playing Feb. 17 at Soldier Field in Chicago.
That game would be part of a doubleheader on that Sunday, which would also include a game between Miami of Ohio and Notre Dame, the Chicago Tribune reported.
Wisconsin is expected to receive between $200,000 and $250,000 for moving one of their home games, which is a typical gate at the Kohl Center in Madison.
This will be a historic outdoor meeting between the two teams, because it will be their last meeting as Western Collegiate Hockey Association foes before the two transition into the newly formed Big Ten Hockey Conference in the 2013-14 season.
Wisconsin has already signed the contract agreeing to play host to the Gophers on Feb. 17, 2013, according to the Wisconsin State Journal.
The game would likely be part of the regular season series scheduled for Feb. 15-16 in Madison, but instead the two teams would play Feb. 15 in Madison and then take a day for travel before playing Feb. 17 at Soldier Field in Chicago.
That game would be part of a doubleheader on that Sunday, which would also include a game between Miami of Ohio and Notre Dame, the Chicago Tribune reported.
Wisconsin is expected to receive between $200,000 and $250,000 for moving one of their home games, which is a typical gate at the Kohl Center in Madison.
Monday, April 23, 2012
Norwood Teague Introduced as New Gopher Athletics Director
Former Virginia Commonwealth athletic director Norwood Teague was introduced as the new director of athletics at the University of Minnesota Monday afternoon.
Teague played an intricate part in the success of VCU Rams athletics since he was hired in 2006, and was announced as the lone finalist for the job by President Eric Kaler.
Finding a successor to the departing Joel Maturi was Kaler's first big task as president, and the search included many possible candidates.
None were deemed ready for the task until Sunday, when Kaler announced that Teague was to be considered the only finalist for the job.
Teague spoke at his first press conference after being introduced as the newest U of M athletic director.
"I think University of Minnesota athletics has a lot of room for growth and the ceiling is very high," Teague said. "Most of all, I have detected a burning desire from Gopher fans for improvement to win at a higher level."
Those in attendance of the press conference included head football coach Jerry Kill, head men's basketball coach Tubby Smith, and men's basketball players Trevor Mbakwe and Austin Hollins.
Teague played an intricate part in the success of VCU Rams athletics since he was hired in 2006, and was announced as the lone finalist for the job by President Eric Kaler.
Finding a successor to the departing Joel Maturi was Kaler's first big task as president, and the search included many possible candidates.
None were deemed ready for the task until Sunday, when Kaler announced that Teague was to be considered the only finalist for the job.
Teague spoke at his first press conference after being introduced as the newest U of M athletic director.
"I think University of Minnesota athletics has a lot of room for growth and the ceiling is very high," Teague said. "Most of all, I have detected a burning desire from Gopher fans for improvement to win at a higher level."
Those in attendance of the press conference included head football coach Jerry Kill, head men's basketball coach Tubby Smith, and men's basketball players Trevor Mbakwe and Austin Hollins.
Subscribe to:
Posts (Atom)