The Big Ten is setting records for their revenue

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The Big Ten’s tax returns are in, and it’s safe to say that, as we all suspected, the league is loaded:

The Big Ten’s return showed the conference with more than $315 million in revenue for the fiscal year ending June 30, 2012.

The Big Ten, which increased its annual revenue by more than $50 million in 2012, had total revenue that was $42 million more than the Southeastern Conference reported for a fiscal year ending Aug. 31, 2012.

That comes from a report in USA Today, who also dug up Jim Delany’s compensation: he made $2.8 million in the 2011 calendar year.

For being a conference commissioner.

That’s a record, by the way. So is the total revenue the Big Ten brought in.

It’s a good thing that we’re protecting the sanctity of the student-athletes that are generating these record amounts of millions of dollars by keeping them poor, living off of a scholarship.

You can find Rob on twitter @RobDauster.