NCAA Revenue Sharing & NIL Collectives – Mountain West Schools


Estimated NCAA Revenue Sharing 2025-26: Mountain West Schools

NCAA Revenue Sharing
estimates 2025-26 *
Annual
Revenue
22% of
Revenue
2025 Cap
Air Force ** n/an/an/a
Boise State 24,372,780 5,362,012 5,362,012
Colorado State 22,041,323 4,849,091 4,849,091
Fresno State 23,992,615 5,278,375 5,278,375
Nevada 19,890,559 4,375,923 4,375,923
Nevada-Las Vegas 29,750,807 6,545,178 6,545,178
New Mexico 19,941,247 4,387,074 4,387,074
San Diego State 17,693,647 3,892,602 3,892,602
San Jose State 9,924,753 2,183,446 2,183,446
Utah State 12,336,573 2,714,046 2,714,046
Wyoming 18,676,631 4,108,859 4,108,859
Hawaii *** 15,608,789 3,433,934 3,433,934
Average per school $ 19,862,094 $ 4,369,661 $ 4,369,661

* These are estimates of the maximum amount of Revenue sharing per school allowed under the proposed NCAA revenue sharing model scheduled to become effective for the 2025-26 fiscal year. Participation is optional, schools can elect not to share revenues with athletes or share revenues at an amount less than 22%. The annual cap of $ 21 million is the current estimate for the 2025-26 fiscal year. This cap is scheduled to increase to $ 33 million annually per school over the next ten years based on the proposed revenue sharing model. Revenue sharing is in addition to any NIL compensation and athletic scholarships received by athletes.

** The three NCAA I service academies (Army, Navy & Air Force) are not expected to participate in the revenue sharing model.

*** Hawaii is a Mountain West conference member for football only, it is a member of the Big West conference for all other sports.

Computed revenue includes event tickets and admission fees, TV, media and royalty rights, bowl game and event compensation and all related revenues. Revenue does not include funds from school support, student fees or unrecompensed (i.e. charitable) contributions to the athletic department from alumni and boosters.  See our Methodology page for a summary of our data sources and procedures.

Estimated NIL Collective Funding 2024-25 Mountain West Schools:

Mountain West Conference 2023-24
Member Schools - 202311
Member Schools - 202411
Schools with Supporting Collectives10
Average Collective Funding per School * $ 2,310,285

Mountain West Conference Schools 2023-24:

SchoolBB
Conf
FB
Conf
Collective
Funding *
Total
Support
Ticket
Sales
Contributions
Air Force MWMWNonen/an/an/a
Boise State MWMW $ 2,765,657 16,827,686 7,226,105 9,601,581
Colorado State MWMW $ 2,586,300 15,736,383 4,742,234 10,994,149
Fresno State MWMW $ 2,102,800 12,794,521 5,914,738 6,879,783
NevadaMWMW $ 2,000,558 12,172,431 7,325,678 4,846,753
Nevada-Las VegasMWMW $ 2,772,864 16,871,536 7,034,986 9,836,550
New MexicoMWMW $ 1,776,472 10,808,972 4,510,754 6,298,218
San Diego State MWMW $ 4,158,476 25,302,315 5,624,459 19,677,856
San Jose State MWMW $ 1,001,536 6,093,864 608,561 5,485,303
Utah State MWMW $ 1,511,795 9,198,542 2,718,827 6,479,715
WyomingMWMW $ 2,426,393 14,763,429 4,084,611 10,678,818
Hawaii (Football)Big WestMW $ 1,051,850 6,399,998 1,950,230 4,449,768

* See our disclosure of Methodology as to how these estimates were arrived at.

Listing of Mountain West NIL Collectives  by School:

SchoolCollective(s)
Boise State The Horseshoe Collective
Colorado State The Green and Gold Guard
Fresno State Bulldog Bread
NevadaFriends of the PackThe Empower Collective
Nevada-Las VegasFriends of UNILV
New Mexico505 Sports Venture Foundation
San Diego State Mesa FoundationAztec Link
San Jose State Blue & Gold Unlimited
Utah State Blue A CollectiveLight It Blue
Wyoming1WYO
Hawaii Rainbow Collective

Additions or Changes? Contact us at: edits@nil-ncaa.com 

Statistics compiled & edited by Patrick O’Rourke, CPA Washington, DC