Here is the Athletic article.
- Of its $879.8 million in revenue, the Big Ten dispersed $843.96 million to its 14 members. The league’s 12 fully vested members received between $60.48 million and $60.55 million, while Maryland and Rutgers — which borrowed money from the Big Ten while non-vested members from 2014-2020 — picked up $58.8 million and $58.7 million, respectively. The 14 members saw bumps between $1.6 million and $4 million. Those numbers should jump significantly next year.
In year three of the contract they are expected to get another large bump up to $80 million a year.
The deal will begin July 1, 2023, and run through the end of the 2029-30 athletic year. Specific terms were not disclosed, but a financial windfall won't come immediately, according to media sources. The CBS payout in Year 1 of the agreement is lower since it still will be carrying SEC games during the 2023 season and will air only seven Big Ten contests that fall. But the Big Ten's per-school distribution will turn upward in Year 2 of the deal, when new members
USC and
UCLA enter the conference. Revenue will rise substantially beginning in Year 3.
The Big Ten is projected to eventually distribute $80 million to $100 million per year to each of its 16 members. According to USA Today, the league distributed $54.3 million to most of its members during the most recent fiscal year (2019-20) not impacted by the coronavirus pandemic.
The league's $17.56 million shortfall marked the third consecutive year it reported a deficit.
www.nytimes.com
The Big Ten has completed a new seven-year media rights agreement with Fox, CBS and NBC that is set to bring in more than $7 billion to one of the nation's most powerful athletic conferences.
www.espn.com