Wednesday, July 6, 2011
Tax form paints robust Big Ten picture
By Brian Bennett
ESPN.com recently received a copy of the Big Ten's Form 990 tax return for the fiscal year ending in June 2010, the most recent data available. While there are no major surprises in the records, reviewing the tax return illuminates the league's financial state.
The Big Ten reported $232,403,651 in total revenue for 2009-10 fiscal year. That's up from $221,990,529 -- an increase of 4.5 percent. The conference reported $217,721,387 in revenue from 2007-2008.
The Big Ten reported $236,899,518 in total expenses for the '09-'10 fiscal year
Each Big Ten school received in excess of $20 million from the league, with the exact amounts varying. Michigan State received the most at $20,141,838, followed by Ohio State ($20,083,504) and Purdue ($20,080,504). Northwestern and Iowa received the least at $20,032,504 each, though they're not exactly clipping coupons.
In all, the conference paid out $220,620,959 to its member schools during the fiscal year. Schools received just over $19 million each in the previous fiscal year.
The form also shows that Big Ten commissioner Jim Delany was paid $1.623 million, making him the highest paid commissioner in college sports, as has been previously reported. Ohio State president E. Gordon Gee might have had a tough year off the field, but he was paid $2,531,327 for the fiscal year cited. Penn State's Graham Spanier was the second highest-paid Big Ten president at $813,855, followed by Michigan's Mary Sue Coleman at $786,849.
The Big Ten's Form 990 for the 2010-2011 fiscal year will not be available until next spring.