Iceland12
Well-known member
- Joined
- Nov 12, 2008
- Messages
- 24,585
- Reaction score
- 2,329
- Points
- 113
God Bless the BTN and that TV deal!
Intercollegiate athletics will contribute about $11 million more to the University of Minnesota next year than it will spend, according to a report Wednesday to the Board of Regents..
Brian Burnett, the U’s senior vice president for finance and operations, said athletics will get $10.6 million from the U next year but will return about $21.5 million.The U is allocating $6.9 million to athletics for its general operations and $590,000 for fundraising. It also will cover $3.1 million in costs for nonresident student-athlete tuition, academic support, rules compliance and facilities debt.
Counted among the benefits to the U are $12.6 million the department will pay the U for athlete scholarships and $5.7 million in cost sharing for technology, utilities and other services. There’s also money for police officers, insurance, the marching band and more..
According to the presentation, the football program should net $42.7 million next year, men’s basketball $11.6 million and men’s hockey $2.5 million. All other sports are expected to lose a combined $22.7 million...
Of its $121 million athletics budget, the U is expecting $53.8 million next year from Big Ten and NCAA allocations and media rights. That’s up from $36 million in 2016-17...
https://www.twincities.com/2018/07/...eally-make-money-for-the-umn-leaders-say-yes/
Intercollegiate athletics will contribute about $11 million more to the University of Minnesota next year than it will spend, according to a report Wednesday to the Board of Regents..
Brian Burnett, the U’s senior vice president for finance and operations, said athletics will get $10.6 million from the U next year but will return about $21.5 million.The U is allocating $6.9 million to athletics for its general operations and $590,000 for fundraising. It also will cover $3.1 million in costs for nonresident student-athlete tuition, academic support, rules compliance and facilities debt.
Counted among the benefits to the U are $12.6 million the department will pay the U for athlete scholarships and $5.7 million in cost sharing for technology, utilities and other services. There’s also money for police officers, insurance, the marching band and more..
According to the presentation, the football program should net $42.7 million next year, men’s basketball $11.6 million and men’s hockey $2.5 million. All other sports are expected to lose a combined $22.7 million...
Of its $121 million athletics budget, the U is expecting $53.8 million next year from Big Ten and NCAA allocations and media rights. That’s up from $36 million in 2016-17...
https://www.twincities.com/2018/07/...eally-make-money-for-the-umn-leaders-say-yes/