Michigan's athletic department is currently $240 million in debt. It’s debt is expected to grow to $371 million by 2046, which is still lower than Cal's current $445-million debt. Beginning in 2019 that debt load will result in Michigan’s making $20 million a year in debt payments, before dropping to $15.7 million in 2022 and continuing at that number until 2036. Michigan is not worried money flows win or lose, the Big Ten signed a new six-year media rights deal with ESPN, that coupled with FOX and CBS Sports, would bring in $2.64 billion over six years, roughly $188.6 million to each school during that duration.
Tech's $20 million budget would buy their popcorn!
Tech's $20 million budget would buy their popcorn!
