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

Missouri Valley Football Conference Members	Football Conference	Basketball Conference	Athletic Budget ($)

Illinois State	MVFC	MVC	30,244,468
Indiana State	MVFC	MVC	21,101,974
Murray State	MVFC	MVC	18,970,072
North Dakota	MVFC	Summit	35,076,412
Northern Iowa	MVFC	MVC	19,617,597
South Dakota	MVFC	Summit	23,720,055
South Dakota State	MVFC	Summit	28,715,906
Southern Illinois	MVFC	MVC	27,439,369
Youngstown State	MVFC	Horizon	23,268,696

Total Members	9

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

Based on average operating revenue of around $ 8 million per school (see tables below), estimated revenue sharing using the 22% NCAA benchmark results in an average of about $ 1.7 million 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 Football Conference Schools 2022-25

Per EADA (aka Title IX) reporting, average 2025 athletic department operating costs were $ 25 million for MVFC schools, a 23% increase in expenses over a 3-year span:

Athletic Department Annual Expenses *	FY 2025 ($)	FY 2024 ($)	FY 2023 ($)	FY 2022 ($)	3-year % Increase

Illinois State	30,244,468	30,786,532	29,781,160	29,834,680	1%
Indiana State	21,101,974	19,636,625	18,886,035	17,837,547	18%
Murray State	18,970,072	19,402,490	18,977,450	15,380,799	23%
North Dakota	35,076,412	31,552,730	29,038,127	26,449,160	33%
Northern Iowa	19,617,597	17,006,201	17,334,994	17,301,412	13%
South Dakota	23,720,055	21,548,929	19,665,874	18,536,056	28%
South Dakota State	28,715,906	26,424,829	24,184,193	20,184,851	42%
Southern Illinois	27,439,369	28,355,917	23,715,044	21,513,903	28%
Youngstown State	23,268,696	21,696,473	20,275,708	17,773,159	31%

Average ($)	25,350,505	24,045,636	22,428,732	20,534,619	23%

* 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