That is for their entire athletic departments. If you look at football only, it might be 50. You would be hard pressed to find one G5 program whose football team is profitable. Of the power five teams, you still have overextended teams like Rutgers who lose $80 million a year despite getting $50 million of tv revenue. The players and or the success of the teams doesn’t move the needle nearly as much as the TV dollars.
If we were 9-3 again this year and sold 30,000 more tickets at $70 apiece, that’s still only $2 million more revenue. A drop in the bucket compared with what your TV contract pays you, whether you’re great or whether you suck.
Essentially with “profit sharing“ we are going to pay $20.5 million to the players for the hope that we have a great season that increases our ticket sales by $2 million.
Calling, what’s going on “profit-sharing” is joke. The majority of the teams are going further into debt than they already are in order to “profit share”.