Transic_nyc
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Jim Delany, Big Ten commissioner, earns $20 million bonus
https://www.usatoday.com/story/sports/co...101591564/
Quote:Big Ten Conference commissioner Jim Delany is set to receive more than $20 million in future bonus payments, according to information in the conference’s new federal tax return and a comparison of that document to prior years’ returns.
The new return — which the conference provided Friday in response to a request from USA TODAY Sports — states that in July 2015, Delany “became fully eligible for future bonus payments pursuant to his employment contract.”
As a result, the document said, the conference had to record the full amount of those future payments as an expense and a liability on the return covering its 2016 fiscal year, which ran from July 1 through June 30.
A comparison of the Big Ten’s new expense and liability amounts to those on prior years’ returns reveals the $20 million estimate.
Quote:Since the 2010 fiscal year, the conference has more than doubled its total revenue to the $483.4 million it reported on the new tax return. And that number is likely to go much higher when new television agreements take effect, beginning later this year.
The latest revenue figure pushed the Big Ten’s per-school distributions to about $34.8 million for each of its longest-standing 11 members. Nebraska, which joined in 2011, and Maryland and Rutgers, which each joined in 2014, all continued to receive smaller amounts. For the 2016 fiscal year, the Southeastern Conference reported distributions to each of its 14 members that ranged from $41.9 million to $39.1 million, while the Big 12 reported distributions to each of its 10 schools that ranged from $28.9 million to just over $28 million.
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05-12-2017 10:40 PM |
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GE and MTS
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RE: Jim Delany, Big Ten commissioner, earns $20 million bonus
Must be nice to be recognized by your employer and be rewarded for it.
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05-13-2017 07:20 AM |
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