Latest news with #MikeBobinski
Yahoo
23-06-2025
- Business
- Yahoo
Purdue sports has $20.5 million revenue sharing cap. How will it be distributed?
WEST LAFAYETTE − Purdue University's commitment to football and men's basketball under the new revenue sharing model will absorb most of the $20.5 million cap. Purdue director of athletics Mike Bobinski wouldn't detail how exact dollar figures or percentages will be allocated for the 2025-26 school year, which officially surfaced with the house vs. NCAA settlement earlier this month allowing schools to pay student-athletes directly. Advertisement Bobinski did say Purdue has allocated revenue sharing funds for football, men's basketball, women's basketball and volleyball. Additionally, Purdue has set aside "roughly" $300,000 for non-revenue sports "to either retain or recruit elite level athletes." Coaches in Purdue's non-revenue sharing sports can appeal for money in those instances and they'll be considered on a case-by-case basis. More: Paying players, private equity, roster limits: What House settlement means for Purdue More: What does the NCAA settlement mean for college sports? We answer the burning questions Asked if Purdue will take a 75% for football, 15% for men's basketball approach that is somewhere in the neighborhood of the industry standard, Bobinski said it'll be a little less than that for football and more for men's basketball, citing Purdue's current position in the national men's basketball landscape. Advertisement How those programs divvy those funds is at their discretion, but Bobinski noted both are wisely holding some funding back for players in the spring transfer portal window. Non revenue-sharing sports will receive help by way of Alston support payments, which awards payments capped at $5,980 per school year for reaching academic benchmarks. With Purdue retaining funding of the Alston payments, $1.165 million will be cut from Purdue's $20.5 million revenue sharing limit, but Bobinski said he's uncertain if that will continue. Bobinski has maintained his stance since the initial revenue sharing model discussions were introduced that Purdue would be a full participant. The $20.5 million figure will increase to $21.3 on July 1, 2026 ahead of the 2026-27 school year. Sam King covers sports for the Journal & Courier. Email him at sking@ and follow him on X and Instagram @samueltking. Purdue athletic director Mike Bobinski speaks Tuesday, Dec. 10, 2024, during the welcoming of Purdue football head coach Barry Odom at Mackey Arena in West Lafayette, Ind. This article originally appeared on Lafayette Journal & Courier: Purdue puts bulk of revenue share into football, men's basketball
Indianapolis Star
23-06-2025
- Business
- Indianapolis Star
Athletic director details how Purdue will distribute its $20.5 million to pay players
As part of the House vs NCAA settlement, athletic departments will pay out $20.5 million to players with a large percentage going to football and men's basketball. Purdue athletic director Mike Bobinski shared details of where the Boilermakers are allocating money. WEST LAFAYETTE — Purdue University 's commitment to football and men's basketball under the new revenue-sharing model will absorb most of the $20.5 million cap. Purdue athletic director Mike Bobinski wouldn't detail how exact dollar figures or percentages will be allocated to sports for the 2025-26 school year, which officially surfaced with the House vs. NCAA settlement earlier this month allowing schools to pay student-athletes directly. Bobinski did say Purdue has allocated revenue sharing funds for football, men's basketball, women's basketball and volleyball. Additionally, Purdue has set aside "roughly" $300,000 for non-revenue sports "to either retain or recruit elite level athletes." Coaches in Purdue's non-revenue sharing sports can appeal for money in those instances and they'll be considered on a case-by-case basis. Asked if Purdue will take a 75% for football, 15% for men's basketball approach that is somewhere in the neighborhood of the industry standard, Bobinski said it'll be a little less than that for football and more for men's basketball, citing Purdue's position in the national men's basketball landscape. Need a break? Play the USA TODAY Daily Crossword Puzzle. How those programs divvy those funds is at their discretion, but Bobinski noted both are wisely holding some funding back for players in the spring transfer portal window. Buy IndyStar's book remembering Purdue's 2024 Final Four run! Non revenue-sharing sports will receive help by way of Alston support payments, which awards payments capped at $5,980 per school year for reaching academic benchmarks. With Purdue retaining funding of the Alston payments, $1.165 million will be cut from Purdue's $20.5 million revenue sharing limit, but Bobinski said he's uncertain if that will continue. Bobinski has maintained his stance since the initial revenue sharing model discussions were introduced that Purdue would be a full participant. The $20.5 million figure will increase to $21.3 on July 1, 2026 ahead of the 2026-27 school year.
Indianapolis Star
12-06-2025
- Business
- Indianapolis Star
Paying players, private equity, roster limits: What House settlement means for Purdue
Purdue athletic director Mike Bobinski has publicly welcomed the revenue sharing era of college sports as a way to even the playing field and stabilize a volatile name, image and likeness market. When judge Claudia Wilken gave final approval to terms of the House vs. NCAA settlement last week, Bobinski's letter to the Purdue community stressed the competitive upside — and the financial urgency — for the Boilermakers. The initial $20.5 million which can be shared — and which Bobinski has said Purdue will fully utilize — is not the only added expense. Bobinski said Purdue will increase the number of athletic scholarships awarded in some sports. He asked for expanded support for the John Purdue Club, the primary athletics fundraising organization. He also urged contributions to athletics through the university's "Victories & Heroes: Your Campaign for Purdue" initiative. "This moment requires all of us — alumni, fans, donor and friends — to step up and be bold," Bobinski wrote. "… Your support is not just appreciated — it is absolutely essential." Here's what we know about what the settlement term means for Purdue, and how it is moving forward. Bobinski stated early and often Purdue will participate fully in revenue sharing. That $20.5 million obligation would have equated to 15.2% of the athletic department's income for the 2023-24 fiscal year based on its annual report to the NCAA. (Figures for 2024-25 are not yet available.) Additionally, the NCAA's agreement to pay $2.6 billion in back pay damages to former athletes come out of its annual distributions to member schools. Purdue expects to receive about $1.2 million per year less from the NCAA for the next decade. It received $4.47 million in 2023-24. Dating back to the hire of Barry Odom in December, both Bobinski and President Mung Chiang have suggested a change to the university's financial relationship with athletics will help close the budget gap. Per records compiled by the USA Today Network in partnership with the Knight-Newhouse College Athletics Database, Purdue was one of 11 Division I athletic programs from the more than 230 public schools in the 2023 fiscal year which either received no revenue from its university (eight) or returned any revenue it received (three). Among the ways the university could help athletics would be to take on debt obligations. Purdue listed $14.5 million in "debt service, leases or rental fees" on its 2023-24 NCAA financial report. Direct overhead and administrative expenses — things like facilities maintenance, security, insurance and utilities — accounted for almost $13 million in expenses. An announcement on the specific details will come. Whatever the solution, belt-tightening alone won't get an already lean athletic department to its $20.5 million goal. It remains to be seen how transparent Purdue will be about which sports receive what percentage of the revenue-sharing pool. However, based on reports from around the country, estimates have power conference schools allotting 70% to 75% to football and 15% to 20% to men's basketball. The sports which by far bring in the most money will receive the lion's share. Not much will change for Purdue's marquee sports. Odom said he expects to operate on the traditional 85-scholarship limit within the new roster limit of 105. Walk-ons can make up that gap. Men's basketball can use up to 15 scholarships, but don't expect coach Matt Painter to fill up that allotment often, if at all. Keeping 13 players satisfied with their roles in any given year is difficult enough. Also, teams have the option of grandfathering in current athletes who would otherwise put them over those roster limits. This most likely applies to walk-ons who will be allowed to keep their spot until their career is over. Bobinski's mention of adding scholarships might impact the non-full scholarship sports, which is everything outside of football, men's and women's basketball and volleyball. Baseball used to be limited to 11.7 scholarships, distributed at the coach's discretion, on a roster three or four times that numberr. Going forward, teams are not beholden to those scholarship limits. However, they cannot exceed newly established roster limits. Baseball, for instance, can have up to 34 players on its roster. Purrdue's roster from this past season included 44 names. In most other sports, based on rosters posted on the athletics website, Purdue operated below or near the new limits. It has known this new structure was coming for months. Within the Big Ten, the impact will likely vary from school to school. In purely speculative example, historic wrestling powers Iowa and Penn State could offer more scholarships in that sport than most schools. Athletes can still earn income beyond their revenue share cut through those avenues currently associated with NIL: endorsements, brand campaigns, online influencing, etc. In his letter, Bobinski announced the formation of Boiler BrandWorks. Described as an "in-house student-athlete marketing and brand-building unit," this new arm of the athletic department will help athletes find and develop NIL deals with local and national businesses. 'Not everybody is marketable.' Purdue coach Matt Painter welcomes 'balance' House settlement brings Per the university's athletics careers website, it is hiring a director of NIL strategy and athlete marketing who will oversee Boiler BrandWorks. Even with revenue share, programs will need to show they can maximize the earnings potential of their most marketable athletes. (Think Zach Edey, Braden Smith or football quarterbacks.) This new administrator and department are responsible for making that happen. The 501c3 non-profit collective associated with the athletic department continues to operate. It was involved with the finalization of deal such as those struck by returning and incoming men's basketball players and football's two dozen-plus spring transfer portal additions. Last winter, though, Bobinski predicted the end of the philanthropic model of NIL fundraising. Schools will no longer need to hook players up with deals attached to charitable organizations or activities. However, a 501c6 entity known as Boiler Up Inc. also operates in conjunction with Boilermaker Alliance. The main difference between the two types of non-profits is Boiler Up Inc. can raise money through memberships or fundraising without any charitable endeavors. This setup or something similar is fairly common at power conference athletic programs. In recent months, more collectives have begun sunsetting their 501c3 to focus on their other platform — some of which are for-profit LLCs. IU's Hoosiers For Good announced last December it would cease operations early this year. Purdue could keep some version of the current collective to facilitate fundraising beyond the John Purdue Club and the new, in-house marketing arm. College athletic programs across the country have begun to partner with private equity firms, or are exploring the idea. These firms would not take a stake in the athletic program. Rather, they would offer a private source of credit paid back over time. Finance bump: Indiana, Purdue received roughly $62 million of Big Ten's $928 million in revenue. What it means Such a relationship could make sense for Purdue if it directly led to a long-term revenue enhancement. For example, taking private credit to fund an important facility or resource enhancement without asking for the money from the university. However, Purdue prides itself on fiscal responsibility. It typically does not lead the pack in creative ways to spend money it does not have. This could be a realistic opportunity in time, depending on how the market evolves.
Indianapolis Star
10-06-2025
- Business
- Indianapolis Star
'Not everybody is marketable.' Purdue coach Matt Painter welcomes 'balance' House settlement brings
WEST LAFAYETTE — The financial allotment for college athletes went from one extreme (legally nonexistent) to another when the NCAA instituted name, image, and likeness (NIL), allowing student-athletes to capitalize on their marketability. The rich, essentially, got richer. On Friday, a nearly half decade battle through the court system concluded with the House vs. NCAA settlement which will allow schools to pay their athletes directly. Purdue athletic director Mike Bobinski stated previously Purdue would be a full participant up to the cap limit, estimated at $20.5 million. After Purdue basketball had its first summer practice on Monday, coach Matt Painter, who currently serves as third vice president on the National Association of Basketball Coaches board of directors, was asked if college basketball got better based on the ruling. "Some competitive balance is all we really want," Painter said. "It wasn't name, image and likeness before. This gives you more of a grasp of having a core amount of money to pay these guys, which is a lot less than the money that's going on right now. And then, anything on top of it is real name, image and likeness." The idea behind name, image, and likeness was for college athletes to capitalize on their notoriety via avenues such as autograph signings, hosting sports camps, or appearing in advertisements, for example. Painter mentioned specifically from his own program since NIL went into effect the names of two-time National Player of the Year Zach Edey, selected ninth overall in last year's NBA draft, and Braden Smith, the reigning Big Ten Player of the Year and Bob Cousy Award winner for the nation's top point guard, as marketable athletes who fit the supposed NIL idea. Insider: Newcomers out, or limited, for first Purdue basketball practice: 3 things we learned "When everybody gets money, not everybody in Major League Baseball gets money in name, image and likeness and they're in the big show," Painter said. "If you watch a baseball game and there's 52 guys on two rosters, tell me how many guys are on those commercials. Two? Three? Four? Five? Not very many. That's the market. Not everybody is marketable that plays college basketball and gets paid. ... "There's a lot of things that haven't been fair across the board, so hopefully this equals things out a little bit."
Indianapolis Star
29-05-2025
- Sport
- Indianapolis Star
Bucket Game on Black Friday creates doubleheader for Purdue basketball, football fans
The first Friday edition of the Old Oaken Bucket game in 30 years will create a doubleheader for Purdue sports fans. Purdue men's basketball will serve as the lead-in to the Old Oaken Bucket game on so-called Black Friday, Nov. 28. The Boilermakers have not finalized what is expected to be an early afternoon tipoff time for their nonconference game against Eastern Illinois at Mackey Arena. Purdue and IU will play for the Bucket at 7:30 p.m. at Ross-Ade Stadium. Purdue confirmed the Friday football kickoff will not necessitate moving the basketball game. The university holds Thanksgiving break from Nov. 26-29, so no classes will be in session. Per a Purdue athletics spokesperson, the Big Ten and NBC proposed moving the Bucket Game to the Friday primetime spot and away from the crowded Saturday slate of rivalry games. Athletic director Mike Bobinski presented the proposal to coach Barry Odom, who signed off. The spokesperson said scheduling of the Bucket Game will be addressed annually, as opposed to making this a permanent move. Big Ten rivals Iowa and Nebraska, for instance, always play their rivalry weekend game on Black Friday. IndyStar understands Indiana did not object to playing the Bucket Game on that Friday. This is not the first occurrence of a basketball-football doubleheader — or even the first to coincide with the Bucket Game. On Nov. 22, 2008, the Boilermakers beat Indiana 62-10 with a noon kickoff in Joe Tiller's final game. The basketball team defeated Coppin State 66-46 that night. Purdue men's basketball played a home exhibition game against Indiana State on Oct. 28, 2017. That night, the Boilermakers lost to Nebraska 25-24 with a 7:30 p.m. kickoff at Ross-Ade. IndyStar IU insider Zach Osterman contributed to this story.
