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BIG TEN TOURNAMENT SHOULD TRANSLATE TO BIG BUCKS FOR SCHOOLS
Published March 5, 1998
The financial impact of this weekend's inaugural Big
Ten conference basketball tournament, which begins today at
the United Center, was examined by Greg Couch of the CHICAGO
SUN-TIMES. Big Ten Commissioner Jim Delany: "We generally
expect between a quarter-million and a half-million dollars
net per institution (in profits from the tournament). And
we'll probably be in the high end of that range." The Big
Ten "would not break down the figures, but an official from
another major conference said its main sponsor puts up
$500,000 a year." Kemper Funds is the Big Ten tournament's
primary sponsor; United Airlines and Gatorade are secondary
sponsors. Ticket sales alone from the tournament, "which is
all but sold out," will bring in $4M, or $363,000 for each
of its 11 schools. And Delany's numbers "don't include the
boost in product the Big Ten can sell to TV networks as part
of a season package, or the bump in revenues to each school
from the additional exposure" (CHICAGO SUN-TIMES, 3/4).




