Estimated 2025-26 Revenue Sharing – Hockey
Under the proposed settlement in House V NCAA, schools will be able to share revenue with their athletes not to exceed the lesser of 22% of their annual athletic revenues or $ 21 million per year. We analyzed the most recent NCAA financial reporting from several NCAA I public universities and arrived at some estimates for hockey team revenue sharing scheduled to begin in the 2025-26 season:
Men’s Hockey Teams:
| Est Revenue Sharing Mens Hockey | Conference | Hockey Team Revenue Share | # of Players | Average per player | Revenue % Hockey | Est Revenue Sharing 2025 | Total 2023 Revenue * |
|---|---|---|---|---|---|---|---|
| North Dakota | MVC | 1,701,492 | 26 | 65,442 | 68.8% | 2,472,797 | 11,239,985 |
| Minnesota | Big Ten | 1,079,728 | 26 | 41,528 | 5.1% | 21,000,000 | 113,102,807 |
| Wisconsin | Big Ten | 540,660 | 26 | 20,795 | 2.6% | 21,000,000 | 137,164,382 |
| Penn State | Big Ten | 404,469 | 26 | 15,557 | 1.9% | 21,000,000 | 152,551,993 |
| Ohio State | Big Ten | 156,478 | 26 | 6,018 | 0.7% | 21,000,000 | 215,167,642 |
| P5 School Average | 4 | 545,334 | 26 | 20,975 | 2.6% | 21,000,000 | 154,496,706 |
Women’s Hockey Teams:
| Est Revenue Sharing Womens Hockey | Conference | Hockey Team Revenue Share | # of Players | Average per player | Revenue % Hockey | Est Revenue Sharing 2025 | Total 2023 Revenue * |
|---|---|---|---|---|---|---|---|
| Minnesota | Big Ten | 59,628 | 26 | 2,293 | 0.3% | 21,000,000 | 113,102,807 |
| Ohio State | Big Ten | 29,473 | 26 | 1,134 | 0.1% | 21,000,000 | 215,167,642 |
| Penn State | Big Ten | 85,837 | 23 | 3,732 | 0.4% | 21,000,000 | 152,551,993 |
| Wisconsin | Big Ten | 82,474 | 23 | 3,586 | 0.4% | 21,000,000 | 137,164,382 |
| P5 School Average | 4 | 64,353 | 25 | 2,686 | 0.3% | 21,000,000 | 154,496,706 |
Estimated revenue sharing is allocated per team based on the percentage of that team’s revenues to revenue from all sports as reported in the school’s most recent (2023) NCAA financial reporting. A significant variable here is athletic department revenue not allocated to a specific team. Based on the NCAA reports this can be anywhere from 6% to 37% of school athletic department revenue. Our estimates assume this non-specific revenue will be allocated in the same proportion as the team’s revenue percentage to all sports.
These are averages per athlete. In actuality, a few players per team will receive substantially higher than the average, while many will get much less. For players who see little if any playing time, their revenue share will also likely be little or none.
Football and Men’s basketball account for close to 95% of all specific team allocated revenues at Power Conference schools, and athletes in these two sports will be the major beneficiaries of revenue sharing. Consequently, revenue sharing available to athletes in virtually all other sports will be minimal to modest at most schools. The NCAA and its member schools are well aware of this disparity and have consequently proposed to significantly increase the number of potential scholarships available to NCAA athletes.
For Hockey, the proposal is to increase the maximum number of athletic scholarships from 18 to 26 per team – this will also represent the limit of players on an NCAA I hockey roster. So in theory, all 26 players could receive a full scholarship. However, scholarships awards are optional – a school can fully fund a sport, or make awards less than the maximum allowed.
* Computed Athletic Department revenue includes event tickets and admission fees, game guarantees, TV, media, licensing, advertising, sponsorships and royalty rights, bowl game, NCAA and conference distributions and all related revenues. Revenue does not include direct or indirect school support, student fees or unrecompensed (i.e. charitable) contributions to the athletic department from alumni and boosters.
Additions or Changes? Contact us at: [email protected]
Statistics compiled & edited by Patrick O’Rourke, CPA Washington, DC 