Missouri Valley Conference Schools – NIL & NCAA Revenue Sharing – NIL & NCAA Revenue Sharing by School& NIL

Missouri Valley Conference Schools 2026-27	Basketball Conference	Football Conference	Athletic Budget ($)

Belmont	MVC	-	23,046,839
Bradley	MVC	-	20,541,032
Drake	MVC	Pioneer	21,320,822
Evansville	MVC	-	14,961,560
Illinois State	MVC	MVFC	30,244,468
Indiana State	MVC	MVFC	21,101,974
Murray State	MVC	MVFC	18,970,072
Northern Iowa	MVC	MVFC	19,617,597
Southern Illinois	MVC	MVFC	27,439,369
UIC	MVC	-	24,065,208
Valparaiso	MVC	Pioneer	16,432,801

Total Teams	11

Estimated NCAA Revenue Sharing 2026-27: Missouri Valley Conference Schools

Based on estimated average operating revenue of around $ 3 million per school, revenue sharing using the 22% NCAA benchmark results in an average of about $ 660,000 per school. Revenue sharing is optional, schools may pay any amount as long as total payments do not exceed $ 21.3 million, and schools can also opt out of revenue sharing entirely. Revenue sharing does not include any third-party NIL athlete compensation.

EADA Operating Expenses: Missouri Valley Conference Schools 2022-25

Per EADA (aka Title IX) reporting, average 2025 athletic department operating costs were $ 22 million for MVC schools, a 17% increase in expenses over a 3-year span:

Athletic Department Expenses 2022-25 *	Basketball Conference	Football Conference	FY 2025 ($)	FY 2024 ($)	FY 2023 ($)	FY 2022 ($)	3-Year % Increase

Belmont	MVC	-	23,046,839	22,705,462	20,229,370	18,195,424	27%
Bradley	MVC	-	20,541,032	19,017,028	19,468,832	17,695,401	16%
Drake	MVC	Pioneer	21,320,822	21,791,106	19,927,305	18,731,990	14%
Evansville	MVC	-	14,961,560	14,152,062	13,484,603	13,403,796	12%
Illinois State	MVC	MVFC	30,244,468	30,786,532	29,781,160	29,834,680	1%
Indiana State	MVC	MVFC	21,101,974	19,636,625	18,886,035	17,837,547	18%
Murray State	MVC	MVFC	18,970,072	19,402,490	18,977,450	15,380,799	23%
Northern Iowa	MVC	MVFC	19,617,597	17,006,201	17,334,994	17,301,412	13%
Southern Illinois	MVC	MVFC	27,439,369	28,355,917	23,715,044	21,513,903	28%
UIC	MVC	-	24,065,208	23,459,262	21,758,437	19,006,927	27%
Valparaiso	MVC	Pioneer	16,432,801	16,335,955	15,903,955	13,605,002	21%
Average per School ($)	11		21,612,886	21,149,876	19,951,562	18,409,716	17%

* Expenses per Equity in Athletics Act (EADA) annual reporting. EADA differs from NCAA reporting with the primary difference being that EADA reporting does not require disclosure of payments made for athletic facilities debt service and leases. Consequently, EADA reporting typically results in lower annual expenses than NCAA reporting at most schools. See our methodology page for more detail and disclosures.

We didn’t just make this stuff up … see our page on methodology and sources of information. Questions on our data? Contact us at: NIL-NCAA.com Statistics compiled & edited by Patrick O’Rourke CPA, Washington, DC