Texas To Spend Additional $6M On Student Stipends MAC, C-USA Confident In Inaugural Boca Bowl Manning Steps Down From CFP Committee Appeal Of College Fishing Teams Grow Michigan Agrees To Cut Student Ticket Prices NLRB's Northwestern Ruling Coming Soon UTSA Embraces Hispanic Marketing For Football USC Generates $100M In Revenue For First Time Bilas, Sehorn Disagree On Compensation Mike Slive To Retire In '15
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).