Big East revenue distribution explained
Posted: Sat Jul 26, 2014 9:17 pm
Creighton AD Bruce Rasmussen explained how the league is weighting distribution of 25% of revenue for performance. That's a great idea in my opinion.
http://m.omaha.com/creighton/jays-find- ... l?mode=jqm
The league sets aside 25 percent of its net revenue into what Rasmussen called a performance incentive package. Schools get bonuses for making and advancing in NCAA tournament play, for finishing in the top four at the conference tournament, for having an RPI in the top 60 or for making marked improvement in the RPI.
“It’s heavily weighted toward men’s basketball,” Rasmussen said. “But for soccer and volleyball making the NCAA tournament, that was a $25,000 bonus. It’s higher in men’s and women’s basketball.
“Having the performance incentives really helped us from a financial standpoint. In the Valley, we got an expense allowance for being in the (NCAA) tournament, but revenues were shared pretty much equally. In the Big East, it’s weighted much more towards the teams that make it.”
Rasmussen declined to say specifically how much Creighton earned in bonuses last season. When asked if the amount approached seven figures, Rasmussen nodded.
http://m.omaha.com/creighton/jays-find- ... l?mode=jqm