Florida State Expects BCS Profit NCAA To Consider Restructuring Proposal Hawaii To Unveil New Pricing Structure For Football Emmert Defends Scholarship Values, Insurance Plan UT's Patterson Talks Unionization NCAA OKs Unlimited Meals For Athletes Panel: NCAA Business Model Must Change Areso Bullish On AAC's Post-BCS Future New Bowl Game Set To Debut In Orlando In '15 Northwestern Formally Appeals NLRB's Union Ruling
Upcoming Conferences and Events
VOL-ELUJAH! LICENSED MERCHANDISE SALES NET UNIVERSITY $4M
Published September 1, 1999
The Univ. of TN (UT) earned "a record" $4M in royalties from sales of licensed merchandise last year, which doubled the $2M earned during '97-98, according to Add Seymour Jr. of the KNOXVILLE NEWS-SENTINEL. The school earned $1.8M in royalties alone from "an estimated" $24M in "retail sales" of products tied to its '98 nat'l football championship. UT Assistant VP & Dir of Licensing Sara Phillips: "In terms of retail sales, we think it's over $100 million for the year." Phillips added that the $4M "will go towards both academic and athletic scholarships," among others. Collegiate Licensing Corp. Dir of Univ. Services Cory Moss called UT merchandise sales in '98-99 "probably the most successful ... we've had." Seymour wrote that 161 companies sell licensed UT merchandise (NEWS-SENTINEL, 8/31). UT received 12% in royalty fees on merchandise deals tied to the Fiesta Bowl and 7.5-8% on non-championship merchandise (AP, 8/31).