IOWA CITY — After Saturday’s Iowa-Iowa State game at Kinnick Stadium, the visiting team no longer will receive 20 percent of the home gate revenue.
When the schools extended their football contract in 2008, the sides agreed to end the revenue-sharing agreement after 2012. From 2013 through 2017, the host school will keep all gate revenue.
The financial arrangement has favored Iowa State, which has a smaller stadium. The last four times Iowa State played at Iowa, the Cyclones took away more than $2.34 million. Iowa has earned more than $1.5 million in revenue sharing in its last four trips to Ames. Iowa State’s Jack Trice Stadium holds around 55,000 fans while Kinnick Stadium’s capacity is 70,585.
The schools also figure the revenue share differently. Iowa forks over 20 percent from its home date with ISU. The Cyclones give Iowa 20 percent of an average home gate.
Last year Iowa earned $428,252.60 for its trip to Ames. In 2010, Iowa State received a check for $551,813.
The schools are slated to meet on the second Saturday in September through 2017. Iowa Athletics Director Gary Barta said he and counterpart Iowa State Athletics Director Jamie Pollard have yet to discuss extending the series past 2017.
“There’s several years left, so there’s no need to discuss an extension,” Barta said. “So we haven’t talked about one.”
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