In its final year as a 14-member conference, the Big Ten saw its revenue soar to $928 million, with projections to exceed $1 billion during the current 2025 fiscal year, according to the league’s 2024 tax statement.
The league disbursed between $63.26 million and $63.43 million to 12 of its members and $61.52 million to Rutgers and Maryland, which borrowed money from the Big Ten while they were considered non-vested members from 2014 to 2020. Both should obtain full shares in 2027. The 2024 fiscal year concluded on June 30, 2024.
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Most of the league’s 18 athletics departments have budgeted around $75 million from Big Ten coffers for the current 2025 fiscal year. Maryland and Rutgers will obtain slightly smaller shares. Of the former Pac-12 schools that joined the Big Ten, Washington and Oregon have half-shares until the 2030 fiscal year, while USC and UCLA entered the Big Ten as fully vested members.
Former Big Ten commissioner Kevin Warren received more than $6.8 million, including $5.75 million in bonuses, for ushering in new media rights contracts, a development first reported by USA Today. Warren left the Big Ten for the Chicago Bears on April 14, 2023.
Former Big Ten commissioner Jim Delany received more than $5.85 million in both reportable and deferred compensation from the Big Ten. Delany retired on Jan. 2, 2020. Tony Petitti, who replaced Warren as commissioner in May 2023, earned $2.62 million in base compensation and bonuses in fiscal 2024.
Also notable:
- A new media-rights contract with CBS and NBC helped Big Ten profits grow by more than $48 million. But for the fourth straight year, the league posted a shortfall, with expenses growing to $942 million. Still, the league recorded net assets of $213 million.
- In the same fiscal year, the Southeastern Conference earned $898.75 million and disbursed between $52.35 million and $53.13 million to its 14 full-time members. The SEC also provided new members Oklahoma and Texas with $27.5 million to offset their Big 12 media rights forfeitures.
(Photo: Michael Allio / Icon Sportswire AP Images)
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