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Big Ten, Jim Delany report record revenue in 2012

(Robin Alam/Icon SMI) The Big Ten took in more than $315 million in revenue for the fiscal year ending June 30, 2012. (Robin Alam/Icon SMI)

By Zac Ellis

The Big Ten reported record revenue in the league's latest federal tax returns, upstaging even the SEC in profitability.

According to a report by Steve Berkowitz of USA Today, the Big Ten brought in more than $315 million in revenue for the fiscal year ending June 30, 2012. That was $42 million more than the SEC reported for the fiscal year ending Aug. 31, 2012.

Big Ten commissioner Jim Delany also enjoyed healthy compensation during a comparable period. He reportedly took in more than $2.8 million in salary for the 2011 calendar year, which marked the largest single-year compensation figure ever for a conference commissioner. Delany's total surpassed what SEC commissioner Mike Slive took home over the same period by more than $1.2 million.

The Big Ten's increased revenue came largely as a result of the Big Ten Network, which the league owns along with Fox. The conference finally began making money off the network last season -- almost five years after it launched in 2007 -- once the league and Fox finished covering start-up costs. With the exception of Nebraska, the Big Ten's schools each netted around $24.7 million from the conference last year.

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