According to Daniel Libit of Sportico, tax reports show the Big Ten took in the $880 million figure between July 1, 2022, and June 30, 2023.

The Big Ten distributed “about $60.5 million” to the 12 longest-tenured members in the conference, according to Steve Berkowitz of USA TODAY. Maryland and Rutgers received “about $2 million less” than the other 12 members of the Big Ten.

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The Big Ten’s revenue earnings allow it to pass the Southeastern Conference for most revenue among college conferences, and the SEC had $853 million in revenue in fiscal year 2023, according to Sportico. The SEC distributed “an average of about $51.3 million” to each of its 14 members.

The Big Ten spent, including its distributions to member programs, “just over $897 million” in 2023 and “operated at a deficit of just over $17.5 million for the year, but still had net assets totaling $247 million,” according to USA TODAY.

Despite retirement in 2020, former commissioner Jim Delaney was the Big Ten’s “highest-paid employee” having received $5.8 million from retirement or deferred compensation and bonus or incentive compensation, according to Sportico. Delaney remains on the conference’s payroll as an outside consultant.

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The Big Ten entered a new media rights deal it signed in 2022 worth nearly $7 billion. It reached agreements with CBS, FOX, NBC, NBCUniversal’s Peacock, Big Ten Network and FS1 and will continue through the 2029-30 season.

Now over a year into its new media agreement, the Big Ten will likely see the beginnings of its impact financially. For comparison on revenue between fiscal years 2023 and 2022, the $880 million last year “represent about a 4% increase in total revenue and a nearly 3% increase in per-school payouts” according to USA TODAY.

The Big Ten also saw Tony Petitti take over after Kevin Warren as conference commissioner in May 2023, and Petitti’s pay was not reported because the report only covered the 2022 calendar year, according to USA TODAY.

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Williams, who began his career in 2021 at Oklahoma before transferring with head coach Lincoln Riley to USC where he won the Heisman Trophy, will begin his NFL career with the Chicago Bears who selected the Trojans quarterback first overall on Thursday.

Williams captured college football’s top prize in 2022 after throwing for 4,537 yards and 42 touchdowns, which led the sport, to five interceptions at a 66.7% completion rate. He also led the NCAA with an average of 22.3 points responsible for per game. The Washington, D.C. native earned First Team All-America honors.

According to Albert Breer of Sports Illustrated, among those sitting in the Bears war room at the draft included Chicago head coach Matt Eberflus and former Big Ten Conference commissioner Kevin Warren.

Williams embraced NFL commissioner Roger Goodell as he walked onto the draft stage shortly after his name was called with the No. 1 overall pick.

Williams departs college football holding a handful of USC program records, including the single-season highs of 4,919 yards of total offense and 42 touchdown passes thrown.

Williams opted not to throw at the 2024 NFL Scouting Combine. Instead, Williams said it was “a team decision” not to participate and he took part in USC’s Pro Day on March 20.

Williams departs USC and college football holding the Trojans single-season record with 4,919 yards of total offense, 52 touchdowns scored rushing and passing, 333 passing completions, 500 passes attempted, 4,537 passing arcs gained, 42 touchdown passes thrown, 613 rushing and passing plays, a 1% interception rate and 168.5 passing efficiency rating.

At Oklahoma in 2021, Williams threw for 1,912 yards and 21 touchdowns to four interceptions with a 64.5% completion rate. He was named a True Freshman All-American by several outlets.

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