Report: Big Ten schools to receive $25.7 million this year
Big Ten schools will receive nearly $26 million from the conference this season.
The SEC may have announced its new network with ESPN last week, but when it comes to television networks, that's the one area the SEC is still chasing the Big Ten, and according to a report in the St. Louis Post Dispatch, it's a chase worth making.
The paper reports that Big Ten schools will receive a $25.7 million payout from the conference following the 2013 season. Of that $25.7 million, $7.6 million is coming from the Big Ten Network.
Last year Big Ten schools each received a payout of $24.6 million with $8.1 million coming from the Big Ten Network. This is the first time the payout each school receives from the Big Ten Network has decreased from the season before, but it has nothing to do with the network's revenue, which is increasing. No, it's due to Nebraska getting its cut now that it's been in the conference for two years.
Big Ten schools also received $10.9 million apiece from the conference's television deal with ABC and ESPN.
So if you were wondering why every conference seems to want its own network these days, well, it's because amateur athletics pays well, kids. Unless you play them, anyway.
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