The financials for the Big East for the year ended June 30, 2015 (the second year of the new Big East) are in. Here is my analysis and comparison to the first full year of the new Big East.
2015 2014 Pct. Change
Revenues:
FOX Rights Fees $ 31,572,757 $ 30,388,692 3.9%
NCAA Credits 4,185,882 10,969,746 -61.8%
Conference Championships 4,399,610 4,346,883 1.2%
Corporate Sponsorships 2,036,632 1,750,000 16.4%
Other 440,463 410,345 7.3%
Total Revenues $ 42,635,344 $ 47,865,666 -10.9%
Expenses:
Payments to conference members $ 28,938,025 $ 35,838,549 -19.3%
Expenses to run conference 13,556,557 10,152,115 33.5%
Total Expenses $ 42,494,582 $ 45,990,664 -7.6%
Retained by conference $ 140,762 $ 1,875,002 -92.5%
Some thoughts:
- FOX TV fees of $31.5 million seem low based on what has been previously reported in the media
- Huge dip in NCAA Credits amount
- Conference Championships expenses were $3,422,253, leaving a margin of $977,357. The cost of securing MSG for the men’s basketball tournament was $1,105,679.
Here is the breakdown of the payments to conference members from the NBE and a comparison to what each of the seven members of the OBE received in the year ended June 30, 2012 (a normal old Big East year):
2015 Last Year OBE
Butler $2,950,070 $ -
Creighton 2,215,475 -
DePaul 2,380,570 2,939,620
Georgetown 3,217,909 4,007,936
Marquette 2,703,538 3,530,111
Providence 2,977,189 3,104,423
Seton Hall 2,377,653 2,973,642
St. John's 2,923,504 3,762,477
Villanova 3,273,830 3,910,608
Xavier 3,220,709 -
$28,240,447 $24,228,817
Much more evenly shared proceeds in 2015 as compared to 2014.
My main takeaways are that the FOX TV contract still does not seem as lucrative reported although there seems to be an escalation each year. It really does take quite a bit of money to run the conference. Certainly can’t take what has been reported in the media on the FOX TV contract, divide by 10, and think that is what each school gets. This was still a great option of course for the seven members of the OBE, given the other options but it’s pretty minuscule to what the other major conference schools receive from their respective conferences.
Thoughts and questions?
2015 2014 Pct. Change
Revenues:
FOX Rights Fees $ 31,572,757 $ 30,388,692 3.9%
NCAA Credits 4,185,882 10,969,746 -61.8%
Conference Championships 4,399,610 4,346,883 1.2%
Corporate Sponsorships 2,036,632 1,750,000 16.4%
Other 440,463 410,345 7.3%
Total Revenues $ 42,635,344 $ 47,865,666 -10.9%
Expenses:
Payments to conference members $ 28,938,025 $ 35,838,549 -19.3%
Expenses to run conference 13,556,557 10,152,115 33.5%
Total Expenses $ 42,494,582 $ 45,990,664 -7.6%
Retained by conference $ 140,762 $ 1,875,002 -92.5%
Some thoughts:
- FOX TV fees of $31.5 million seem low based on what has been previously reported in the media
- Huge dip in NCAA Credits amount
- Conference Championships expenses were $3,422,253, leaving a margin of $977,357. The cost of securing MSG for the men’s basketball tournament was $1,105,679.
Here is the breakdown of the payments to conference members from the NBE and a comparison to what each of the seven members of the OBE received in the year ended June 30, 2012 (a normal old Big East year):
2015 Last Year OBE
Butler $2,950,070 $ -
Creighton 2,215,475 -
DePaul 2,380,570 2,939,620
Georgetown 3,217,909 4,007,936
Marquette 2,703,538 3,530,111
Providence 2,977,189 3,104,423
Seton Hall 2,377,653 2,973,642
St. John's 2,923,504 3,762,477
Villanova 3,273,830 3,910,608
Xavier 3,220,709 -
$28,240,447 $24,228,817
Much more evenly shared proceeds in 2015 as compared to 2014.
My main takeaways are that the FOX TV contract still does not seem as lucrative reported although there seems to be an escalation each year. It really does take quite a bit of money to run the conference. Certainly can’t take what has been reported in the media on the FOX TV contract, divide by 10, and think that is what each school gets. This was still a great option of course for the seven members of the OBE, given the other options but it’s pretty minuscule to what the other major conference schools receive from their respective conferences.
Thoughts and questions?
