By comparison, West Virginia’s share during its first year in the league, 2012-13, was $11 million. Last year it was $14 million.
And that’s still just an 84 percent share of a full slice of the pie. As part of the league’s restructuring, new members WVU and TCU received 50 percent shares the first year, up to 67 percent last year and now 84 percent. Next year both schools will receive 100 percent shares.
A 100 percent share this year, which went to the eight other league members, was $27 million, and by next year could be even more. That $27 million figure is an increase of $4 million from last year and Big 12 commissioner Bob Bowlsby said Friday to expect similar — or even greater — increases in the future.
“We have a pretty significant ramp-up in the years ahead,’’ Bowlsby said following the conference’s spring meetings in Dallas. “So we’ll move up a similar amount, probably about $4 million per institution between this year and next year. And then it ultimately peaks out at about $44 million per school in the late stages of our television agreement. So we feel very good about where we are.’’
The $23 million from the Big 12 is only part of West Virginia’s guaranteed income. It does not include revenue from third-tier media rights, which in WVU’s case is the 12-year contract with IMG, which is in excess of $80 million over the life of the pact. Including the annual revenue from that contract, West Virginia will take in nearly $30 million this year before selling a ticket or banking a single contribution from the Mountaineer Athletic Club, its fundraising arm.
With the jump to a 100 percent share next year, that could mean a total payday of well over $35 million. If the conference’s calculations hold true and Bowlsby’s eventual $44 million payout is correct, West Virginia will be earning more than $50 million annually by the end of the current television contracts
http://www.wvgazette.com/article/20150529/GZ02/150529168
That is $50 million before any ticket sales or contribution from the MAC. Unbelievable!
And that’s still just an 84 percent share of a full slice of the pie. As part of the league’s restructuring, new members WVU and TCU received 50 percent shares the first year, up to 67 percent last year and now 84 percent. Next year both schools will receive 100 percent shares.
A 100 percent share this year, which went to the eight other league members, was $27 million, and by next year could be even more. That $27 million figure is an increase of $4 million from last year and Big 12 commissioner Bob Bowlsby said Friday to expect similar — or even greater — increases in the future.
“We have a pretty significant ramp-up in the years ahead,’’ Bowlsby said following the conference’s spring meetings in Dallas. “So we’ll move up a similar amount, probably about $4 million per institution between this year and next year. And then it ultimately peaks out at about $44 million per school in the late stages of our television agreement. So we feel very good about where we are.’’
The $23 million from the Big 12 is only part of West Virginia’s guaranteed income. It does not include revenue from third-tier media rights, which in WVU’s case is the 12-year contract with IMG, which is in excess of $80 million over the life of the pact. Including the annual revenue from that contract, West Virginia will take in nearly $30 million this year before selling a ticket or banking a single contribution from the Mountaineer Athletic Club, its fundraising arm.
With the jump to a 100 percent share next year, that could mean a total payday of well over $35 million. If the conference’s calculations hold true and Bowlsby’s eventual $44 million payout is correct, West Virginia will be earning more than $50 million annually by the end of the current television contracts
http://www.wvgazette.com/article/20150529/GZ02/150529168
That is $50 million before any ticket sales or contribution from the MAC. Unbelievable!