The Big Ten is "still filling its schools' bank accounts and will continue to do so," as about half of the projected revenue in the Purdue athletic department budget for FY '16-17 is "expected to come from Big Ten and NCAA distributions," according to Mike Carmin of the Lafayette JOURNAL & COURIER. The projected revenue from the Big Ten and NCAA is "expected to total" just over $38M. During FY '15-16, Purdue received $34.6M from the Big Ten and NCAA, but the figure "didn’t include" a $1M Big Ten Network profit share. With the "continued decline in football ticket sales, Purdue has become more dependent on revenue from the Big Ten and the NCAA." The school is projecting $11.1M in ticket sales "from all sports." In '14-15 -- the latest figures available -- the department generated $9.8M in ticket sales. The net operating income is "before the athletic department makes debt service payments, which is expected to cost" between $8-9M. That figure "will rise" in '17-18 after the $65M Football Performance Facility is completed. Purdue is projecting $72.4M in expenses with $34.4M in salaries and benefits for '16-17, while scholarships are projected at $11.1M, "including cost of attendance stipends, which are budgeted at $853,360 for about 500 athletes." The bill for last year’s cost of attendance stipends was $602,509. The current agreement "coincided with the Big Ten television deal, which ends after the academic year." At the time, President Mitch Daniels and the BOT "agreed to revisit the agreement when the Big Ten’s new media rights deal was finalized." Carmin notes in nine years, Purdue has received over $57M "from the BTN alone" (Lafayette JOURNAL & COURIER, 10/12).
