How Penn State distributed $18.4M in Revenue Sharing
- Thread starter Franisdaman
- Start date
Interesting
- what’s the source of this disclosure?
- how does the alleged $ for wrestling compare to Ok. St., Iowa, Ohio st and other Big Ten schools.
without proper context these are just numbers?
- what’s the source of this disclosure?
- how does the alleged $ for wrestling compare to Ok. St., Iowa, Ohio st and other Big Ten schools.
without proper context these are just numbers?
Joel, the source of this information, is a Penn State beat writer for StateCollege.com
$155,000 was paid out to sports that Iowa does not have.
$1.45M from the school to the wrestlers is a nice chunk of change. I wonder what Penn State boosters paid on top of this.
Are you thinking that cause you think DT is running the price up on kids? Honest question.
I agree it’s a nice chunk of change. I’m interested in how it compares to other schools $ for wrestling. Is Iowa and others comparable or is Penn State #1 in this category also?
No I think Nil is out of control in general
It's up to the schools on whether to disclose what they are paying out via revenue sharing. It's interesting that Penn State decided to share this. And they could have spent up to $20.5M total; they "only" paid out $18.4M across all sports.
And when it comes to payments from boosters for an athlete's "Name Image & Likeness," that payment information is typically kept top secret.
This is a nothingburger.
Rough number given for Iowa was $1M.
Seems unlikely as this is capped and they no doubt ha to pony up for football.
This is revenue sharing, not NIL.
Doubtful. Starocci had a really big number that is off the books. I would expect it stayed around the same.
NIL revenue sharing is in addition to third party NIL endorsement, it is still money that goes to the top athletes its just from school revenue and not independent parties.
Beth Goetz stated that Iowa planned on paying athletes across all sports the full $20.5M that was allowed.
It's interesting that Penn State only spent $18.4M.
I believe a huge chunk of this is due to the $700M stadium renovations. I wonder if Franklin's buyout is in there too. What a waste of money. I gotta hand it to the AD, if you're not producing, you're fkn Elvis.
Pollard said wrestling gets 1M and Dresser has full control how he spends it.
I thought it was reported that PSU wrestling elected to increase their scholarship limit instead of take rev share? Can’t remember who said it though
Yes, going forward. That was 24-25. Also, $ for 30 scholarships can come from NIL revenue share pot.
$1,449,766 can include the cost of the 30 scholarships.
For 24-25 full ride in state $35k, and out of state $52k.
$1.449M/30 = $48 3k.
And remember, there could actually be more than 30 scholarships this year.
Context matters. Nothing to see here. It's not bags of cash (as some might mistakenly infer given troll-like lack of context).
BTW - I expect similar inclusion of scholarships for whatever amount ISU or Iowa gets as their revenue share.
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This is only if they pay all 30 equally and thats not happening, also private Nil is additional to this.
Having full scholarships for 30 is what Cael asked the AD for. They obviously pay different amounts for in vs out of state. Point is the $ amounts align.
Feel free to believe the money represents bags of cash if that is what you prefer for whatever reason.
“I can’t believe Penn State didn’t spend the full $20.5 million.”
It’s $20.5 million less about $2 million for new scholarships. You’ll see the same everywhere. Up to $2.5 million allowed to be used for new scholarships.
www.sportsbusinessjournal.com
“However, that amount is “reduced by the amount of new scholarship money that a school offers,” up to $2.5M. Most power-conference programs “have added at least” $2.5M worth of new scholarships since the House settlement was struck, putting “most true athlete rev-share budgets at” $18M, not $20.5M.”
It’s $20.5 million less about $2 million for new scholarships. You’ll see the same everywhere. Up to $2.5 million allowed to be used for new scholarships.
College sports execs near plan to boost athlete revenue-share cap
College sports execs are finalizing a concept to increase the cap on the athlete revenue-share pool available to schools by as much as $2.5M.
www.sportsbusinessjournal.com
“However, that amount is “reduced by the amount of new scholarship money that a school offers,” up to $2.5M. Most power-conference programs “have added at least” $2.5M worth of new scholarships since the House settlement was struck, putting “most true athlete rev-share budgets at” $18M, not $20.5M.”
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That $700 million dollar stadium renovation is hitting.
It would be the cost of the additional 20.1 scholarships, the original 9.9 don’t count towards the 20.5 million cap.
Iowa wrestling got zero dollars for Rev Share, 2025/26.
Not being a smart *** just trying to understand why this is the case? Iowa of all places seems like it would support wrestling. What is the reason for this? Will it stay that way or will that change next year?
lol just another excuse if this is true…. Keep defending this mess. I’m so over it.
And he wasn't talking about what I posted follow along he was talking about Frans post.
If that’s the case going forward then Iowa wrestling will be dead.
Rev share is totally legal and would be the same as having a bag of cash the only difference is the athlete would need to claim it . The coach can give any amount he wants to any athlete he wants . Penn st getting 1.45 million in rev share means on average each starter could be getting an extra 140K
Out of the 20.5 a few million gets used for additional scholarships for programs. And the 18.4 is what's left to use for Rev share
My son went to Lehigh because it was cheaper than going to Penn State. His aid snd scholarship package left us with a bounce around $10-$12,000 a year.
Penn State isn't very great with in-state tuition, and it's quite expensive for out of state tuition.
Dresser raised the $ thru the collective and donated it to the athletic department and they gave it back as rev share. Iowa St wasn't able to raise the full 20.5 and had to take from its reserves to hit 20.5. So that gave Dresser an advantage because every AD wants to says we have the whole 20.5
Penn st releasing this hopefully will help Iowa negotiate it's rev share for 26-27. Iowa needs 1.5 million