Big Ten, Jim Delany report record revenue in 2012
By Zac Ellis
The Big Ten reported record revenue in the league’s latest federal tax returns, upstaging even the SEC in profitability.
According to a report by Steve Berkowitz of USA Today, the Big Ten brought in more than $315 million in revenue for the fiscal year ending June 30, 2012. That was $42 million more than the SEC reported for the fiscal year ending Aug. 31, 2012.
Big Ten commissioner Jim Delany also enjoyed healthy compensation during a comparable period. He reportedly took in more than $2.8 million in salary for the 2011 calendar year, which marked the largest single-year compensation figure ever for a conference commissioner. Delany’s total surpassed what SEC commissioner Mike Slive took home over the same period by more than $1.2 million.
The Big Ten’s increased revenue came largely as a result of the Big Ten Network, which the league owns along with Fox. The conference finally began making money off the network last season — almost five years after it launched in 2007 — once the league and Fox finished covering start-up costs. With the exception of Nebraska, the Big Ten’s schools each netted around $24.7 million from the conference last year.