Financial Realities - I Know, Been Posted Before - Link
- By lion1983
- The Round Table
- 34 Replies
So ... I came across this article - just ... let's say a dose of reality.
See this link: https://www.mlive.com/wolverines/20...10-million-roster-next-season-per-report.html
The key source I think has been reported on here on this site: CBS Sportswriter Matt Norlander's article of this past Thursday.
Nutshell:
1) 10 basketball programs will spend $10 million on their basketball rosters for this season (I guess revenue sharing and NIL combined): Duke, Indiana, Kentucky, North Carolina, Arkansas, St. John’s, BYU, Louisville, Michigan, Texas Tech, Michigan and Indiana.
2) 8 basketball programs will have an $8 million budget: Auburn, Connecticut, Florida, Houston, Kansas, Kansas State, Miami, Purdue, Tennessee, Texas, UCLA, USC, Villanova, and Virginia (Virginia?!!!).
3) By the lists above, 5 Big 10 teams will have a budget of $8 million or more.
4) Norlander's article proclaims near the end, without NIL (separate from revenue sharing, on top of revenue sharing) of at leasst $3 - $4 million, a high major program is in trouble. RU? maybe $1 million (not including the Vegas tourney, which is split evenly amongst all players, so not really a "recruiting" - i.e. "paying" resource).
Ouch.
See this link: https://www.mlive.com/wolverines/20...10-million-roster-next-season-per-report.html
The key source I think has been reported on here on this site: CBS Sportswriter Matt Norlander's article of this past Thursday.
Nutshell:
1) 10 basketball programs will spend $10 million on their basketball rosters for this season (I guess revenue sharing and NIL combined): Duke, Indiana, Kentucky, North Carolina, Arkansas, St. John’s, BYU, Louisville, Michigan, Texas Tech, Michigan and Indiana.
2) 8 basketball programs will have an $8 million budget: Auburn, Connecticut, Florida, Houston, Kansas, Kansas State, Miami, Purdue, Tennessee, Texas, UCLA, USC, Villanova, and Virginia (Virginia?!!!).
3) By the lists above, 5 Big 10 teams will have a budget of $8 million or more.
4) Norlander's article proclaims near the end, without NIL (separate from revenue sharing, on top of revenue sharing) of at leasst $3 - $4 million, a high major program is in trouble. RU? maybe $1 million (not including the Vegas tourney, which is split evenly amongst all players, so not really a "recruiting" - i.e. "paying" resource).
Ouch.