"The most significant threat to our national security is our debt," Admiral Michael Mullen, Chairman, Joint Chiefs of Staff, August 27, 2010


Tuesday, January 13, 2015

Amateur athletics (or, we be just doin’ it)

"In all, the Big Ten's bowl-revenue pool before expenses such as travel and ticket costs are factored in is expected to total $78.6 million. Here is the breakdown: 

• $50 million base payout as a conference with Orange, Rose or Sugar Bowl contract;
• $4 million for non-playoff bowl (Michigan State in Cotton Bowl);
• $6 million for national semifinalist (Ohio State in Sugar Bowl)
• $4.1 million for Citrus Bowl (Minnesota);
• $3.2 million for Outback Bowl (Wisconsin);
• $2.8 million for Holiday Bowl (Nebraska);
• $2.5 million for TaxSlayer Bowl (Iowa);
• $2 million for Pinstripe Bowl (Penn State);
• $2 million for Foster Farms Bowl (Maryland);
• $1.2 million for Quick Lane Bowl (Rutgers);

• $867,000 for Heart of Dallas Bowl (Illinois)"



"OSU holds a three-part agreement with Nike, based in Beaverton, Ore., set to gross the university almost $46 million over 11 years. Despite what the university gains, some say there are drawbacks to the agreement, which makes Nike the exclusive supplier of any athletic equipment used by OSU varsity athletes and gives the company licensing rights on OSU retail apparel.
A representative from Nike declined to comment on the contracts."

"Michigan's contract with Adidas (which is currently set to expire in 2016) is the most lucrative public apparel deal in the country. Yes, more than Oregon's flashy contractual arrangement with Nike.
 
Private schools, like Notre Dame, are not required to make apparel contracts available and they were not included in this study.

Per the study, Michigan currently receives a total of $8.2 million annually from Adidas stemming from the contract signed in 2007 between the two parties."


 
"Phil Knight remembers drinking adult beverages with Mike Bellotti, then head coach of the University of Oregon football team, at a scheduled victory party that felt more like a wake.

"What do you need to get the program to the next level?" he asked.

An indoor practice facility, Bellotti replied.

So Knight kicked in almost $10 million to build a facility that protected the Ducks from the elements in rainy Eugene.

Knight has declined to discuss how much he has donated to the athletic department, but it's more than $300 million, according to a person familiar with the donations who spoke on the condition of anonymity because he was not authorized to disclose the information.

The money has been critical to build facilities for the following estimated price tags: $70 million for a football performance facility, $60 million toward the renovation of the football stadium, $60 million for an academic center and $100 million for a basketball arena. He also contributed about $10 million toward a lacrosse field and weight room and has given generously to the university at large."

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