St John’s just got a huge gift and is earmarking $25 Million for a new basketball practice facility.
https://www.stjohns.edu/news-media/news ... ty-history
Big East Commissioner Val Ackerman tells HoopsHQ’s Seth Davis that “we’re not establishing any [revenue-sharing] guidelines in the Big East, but there’s a general sense among our schools that they are going to spend what they believe they need to be spending in order to be competitive.” Opendorse Founder Blake Lawrence projects Big East schools will assign $5.7M of revenue to men’s basketball next season compared to $4.4M for the ACC, $4.3M for the Big 12, $3.2M for the Big Ten and $3.1M for the SEC. Davis notes that coaches within the Big East are proceeding with cautious optimism heading into next season, and Creighton HC Greg McDermott explains: “The reality is, we don’t have a huge TV contract in comparison to what the football schools are able to take in. So if we’re going to pay out more in revenue share, we’ve got to raise it, or you have to figure out a way to generate it within your department. That’s not as easy as it sounds, because everybody’s kind of struggling to survive the way it is, but we found a way at Creighton to remain competitive in this environment and I think a lot of our friends across the Big East will attempt to do the same.”
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