Indiana ranks as third-most profitable Big Ten men’s basketball program

  • 06/09/2016 2:56 pm in

Indiana was the third-most profitable men’s basketball in the Big Ten, according to numbers published this week by David Jones of

The figuresĀ are, according to the report, “all about revenues independently generated by each B1G school’s hoops program. We subtracted expenses to arrive at net profit to see which programs were tidiest with a buck.”

Indiana was third at $12.7 million, trailing just Wisconsin ($13.8 million) and Ohio State ($15.1 million).

According to the report, the numbers were “acquired from mandated U.S. Department of Education reports filed by each school, don’t include the conference’s annual payout derived from media rights, bowls and the NCAA tournament, equally shared among all but the newer members.”

The report also states that Indiana had the highest expenses of any Big Ten men’s basketball program for the 2014-15 fiscal year at $11.3 million.

Here are the complete rankings, with profits in parenthesis:

14. Rutgers ($700,000)
13. Iowa ($2.1 million)
12. Nebraska ($2.3 million)
11. Purdue ($3 million)
10. Minnesota ($3.8 million)
9. Penn State ($6 million)
8. Michigan ($6.7 million)
7. Michigan State ($7.1 million)
6. Northwestern ($8.8 million)
5. Illinois ($9.4 million)
4. Maryland ($9.4 million)
3. Indiana ($12.7 million)
2. Wisconsin ($13.8 million)
1. Ohio State ($15.1 million)

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  • triple

    It is surprising that Purdue makes more than Nebraska, but I suppose Nebraska probably has higher travel costs.

  • N71

    Caveman math says our cost are $11.3 and our profits are $12.7, then revenue must be $24.0. If our costs are the highest its a head scratcher that MSU is 8th. I bet $24 in rev is tops but our cost push us down to #3 (guessing) in profits. Can’t figure out the MSU number.

  • inLinE6

    They don’t pay recruits, do they? LOL.

  • Michael Rizzo

    So I live in Columbus OH and go to the IU games and others here. Even when OSU had a top 10 team it was NEVER more than 1/2 to 2/3 full. Not sure how they are that profitable unless folks just buy tickets that never show up-they must make it up on their portion of the Nike Contract and licensing.
    But they do play in an arena named for an IU alum. (Jerome Schottenstein)

    That makes me feel a little less nauseated when they have their pre game video with Bobby Knight extolling that there “is nothing that compares to Ohio State basketball”

  • Kyl470

    I’m sure the Maui trip added cost for the past year. Also I’m not sure what type of travel budget the coaches have when they scout players.

  • IUBizmark

    Did he go to IU? I looked up his wiki and it doesn’t say that. Curious because there is a “strange connections” thread on another site and I wanted to mention this, but wasn’t sure.

  • Michael Rizzo

    Sorry wasn’t clear Jay Schottenstein was the one who built and donated the money-named for his late dad–Jay was also president of the OSU board of trustees. Graduated from Kelley.-

  • HoosierStuckInKY

    $12.7 million in profits. So that means ticket prices are going to go down, right? Right?? No? Oh…ok…

  • Michael Rizzo

    Sorry again-typing too quickly confused my Schottensteins Jay (Schottenstein stores)was an IU grad as well as brother Robert (M/I Homes)Robert was the President of the OSU board of trustees-
    Guess Jerome knew the best business school to send all his kids to.
    Robert was Chair of the Board of trustees that fired G. Gordon Gee, so the answer to the question of what it takes to fire the president of OSU?
    “a Hoosier grad.?”

  • IU Hoosiers # 34, 1979-83

    How in the world did Northwestern make $8.8 million?