IOWA CITY — Iowa’s football program lost more than $765,000 in Big Ten gate revenue sharing for the 2009 season.
Big Ten schools share 35 percent of all gate revenue from league games up to a $1 million ceiling and a $300,000 floor. Iowa paid the league $3.715 million in revenue sharing for its four home games and received $2.95 million in return. Iowa ranked fourth among Big Ten schools losing money because of football revenue sharing.
Penn State, Michigan and Ohio State contributed the $4 million maximum in revenue sharing, as it does every year. Wisconsin ($657,341) and Michigan State ($656,075) also lost money in revenue sharing. Those seven schools always lose money in Big Ten revenue sharing because of their football stadium size and attendance.
It’s likely Nebraska, with its capacity exceeding 81,000 and weekly home sellouts, will infuse between another $3.5 million to $4 million into the revenue-sharing pot when it joins the league next year.
Schools receiving more in revenue sharing than paid include: Northwestern ($1.71 million), Indiana (nearly $1.3 million), Minnesota ($896,704), Purdue ($785,650) and Illinois ($539,539).
“We share revenues equitably,” Minnesota Athletics Director Joel Maturi said. “Believe me every conference doesn’t do it, and they don’t do it quite the way that we do it.
“Quite frankly Minnesota has been a benefactor of that.”
For the third straight year Iowa men’s basketball received a paycheck from the Big Ten based on its revenue-sharing policy. Men’s basketball programs send 25 percent of home gate revenue from league games with a $67,000 per-game ceiling and a $29,000 per-game floor.
Iowa was one of only three schools receiving more in revenue sharing than paying. Iowa took in $158,992, behind Northwestern ($214,647) and Penn State ($248,162). Losing the maximum of $86,597 were Illinois, Indiana, Michigan State, Minnesota, Ohio State, Purdue and Wisconsin.
Here’s what Iowa paid to the league in revenue sharing
FOOTBALL — Michigan ($968,840), Indiana ($898,420), Northwestern ($920,648), Minnesota ($927,531)
BASKETBALL — Purdue ($42,789), Minnesota ($41,602), Penn State ($41,911), Michigan State ($42,129), Ohio State ($35,850), Illinois ($43,259), Northwestern ($29,946), Michigan ($31,644), Indiana ($48,281).