University of Minnesota President Eric Kaler recently got some good news when the Big Ten announced its new television agreement with Fox, ESPN and CBS, one worth an estimated $2.64 billion over six years, or about $440 million per season.
With that revenue being split among the 14 conference schools, Kaler said it's a big help. "It will put us on a per-school basis at the highest amount of any conference in the country," he said. "We're going to invest that in the welfare of our student-athletes, our athletics village, and we'll also be able to benefit the larger university. It's a big win in the media space for us right now."
The rough estimates are each school will get $31.7 million per season.
"We are excited about that," Kaler said, without divulging specific numbers. "It's a very good deal. It will put us ahead of all the other conferences and with a six-year window we are out in the marketplace before the other conference contracts are up and that's again a strategic advantage for us. All credit to our commissioner, Jim Delany. He is excellent, certainly the best commissioner of any of the Power Five conferences in terms of his business acumen and his ability to get these kinds of deals done. Very impressive and good for all of us."
Kaler was asked if there has been any discussion about the conference expanding, and he said that while Delany keeps those options open, there is no current conversation happening.
Looking for positives
With a lot of bad news swirling around the Gophers athletic department in the past year, Kaler said there has been some positive developments happening lately on campus.
"We won six conference titles this year, which is third in the Big Ten behind only Ohio State and Michigan, and I would note three times as many as Iowa and Wisconsin combined, I have to work that in there," Kaler said. "There's so much positive energy over there. We have 725 student-athletes, the great, great majority of them are doing wonderful things and having great success on the court or field and in the classroom. We have the Big Ten Female Athlete of the Year in Rachel Banham, it just goes on and on."
The Gophers finished 20th in the final Learfield Directors' Cup standings, which track all sports in NCAA Division I. They were the fourth-highest team in the Big Ten, trailing Ohio State, Michigan and Penn State.