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UI reports budget surplus from Insight Bowl

BY JORDAN GARRETSON | MAY 09, 2011 7:20 AM


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The Iowa Athletics Department netted a $382,500 surplus from the $1.8 million budget given to it by the Big Ten for the 2010 Insight Bowl, according to a report released by the university May 6.

The largest expense was lodging, meals, and per diem for the football team, which totaled $498,900.
One expense not included in the report is Iowa’s share of unsold tickets for the 2010 Insight Bowl, which is $32,833, according to Associate Athletics Director Rick Klatt. Big Ten schools share the revenue generated from postseason participation as well as the cost of unused bowl tickets.

The report also doesn’t include the bonuses paid to the Iowa coaching staff for advancing to the postseason, which totaled $494,861.

“First, I want to congratulate again our student-athletes and staff for a tremendous victory over a very talented and nationally ranked opponent,” Athletics Director Gary Barta said in a statement.

“Our first visit to the Valley of the Sun was a very successful one and included another outstanding turnout by fans of the Hawkeyes who helped the Insight Bowl set a new attendance record. With respect to the financial report, credit goes to our staff and coaches for successfully managing the trip well within the budget provided.”


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