Jim Delany is in for a huge pay day.
Big Ten Conference commissioner Jim Delany is expected to receive a huge pay day. According to USA Today, Delany will receive $20 million in bonus payments according to the conference's tax returns.
From the report:
The new return — which the conference provided Friday in response to a request from USA TODAY Sports — states that in July 2015, Delany “became fully eligible for future bonus payments pursuant to his employment contract.”
As a result, the document said, the conference had to record the full amount of those future payments as an expense and a liability on the return covering its 2016 fiscal year, which ran from July 1 through June 30.
A comparison of the Big Ten’s new expense and liability amounts to those on prior years’ returns reveals the $20 million estimate.
The Big Ten is a private, non-profit organization, therefore, it does not have to disclose its employment agreements. The conference does not have to provide any details about Delany's contract, the bonus payments he will receive, or when he will receive them.
During the 2015 calendar year, Delany received $2.4 million in total compensation, which was the lowest of any Power 5 conference's commissioner.