Iowa football claims $146K surplus on TaxSlayer Bowl
The University of Iowa is claiming nearly $150,000 in surplus from the Hawkeyes' participation in the 2015 TaxSlayer Bowl in January.
Records released Tuesday show that the university, per Big Ten Conference policy, received $2 million as its share for the Hawkeyes' 45-28 loss to Tennessee on Jan. 2 in Jacksonville, Fla.
The total bowl-related costs include:
•About $1.3 million for expenses for the football team and athletics department staff.
•About $490,000 for expenses related to the marching band.
•About $80,000 for expenses related to Iowa officials and administrators.
UI is reporting total expenses of $1,853,407, leaving a surplus of $146,593.
The surplus will be added into the department's operating budget for the rest of the year, said Rick Klatt, Iowa's assistant athletics director for external relations.
"We are provided a budget by the Big Ten Conference," Klatt said. "If we exceed that budget, that becomes the institution's responsibility. If we operate under that budget," then the department can add the remaining money to its operating budget.
Klatt said the budget provided by the Big Ten Conference for the 2015 TaxSlayer Bowl was slightly larger than the $1,825,000 the conference provided the year earlier for the New Year's Day 2014 Outback Bowl in Tampa, Fla. Expenses were down from the $2,019,375 total in 2014 as well.
University officials have said a higher-than-expected cost of a charter airplane was to blame for the department going over the 2014 budget by $194,375.
Tennessee accrued $1,254,069 in expenses for the TaxSlayer Bowl, according to similar documents obtained Tuesday by the Knoxville News Sentinel. But those costs are more than offset by allowances from the Southeastern Conference for the game, The Vols are claiming a $164,811 profit from the bowl game, according to the report.
Tennessee received a distribution share of $1,275,000 and a travel allowance of $109,600 from the SEC. Tennessee also made $34,280 in ticket fee income from the bowl for an income total of $1,418,880.
The bulk of the Iowa expenses for the 2015 TaxSlayer Bowl were for air transportation ($370,400) and lodging, meals and per diem ($592,101). Other expenses include complimentary tickets ($95,290); other transportation ($94,962); administrative costs ($66,200); awards to student athletes, managers and trainers ($45,600); equipment and supplies ($15,938); and advance planning trip ($4,074).
For the marching band, the bulk of the expenses were for air transportation ($398,175) and lodging, meals and per diem ($56,068). Other expenses include other transportation ($30,931) and administrative costs ($3,955).
For Iowa officials and administrators, the bulk of the expenses were for air transportation ($35,018) and lodging, meals and per diem ($36,939). Other expenses include complimentary tickets ($4,125) and other transportation ($3,632).
Klatt said that the costs of any unsold bowl tickets from the postseason are shared across the 14 Big Ten teams. That money won't be factored into the bowl budget, but will come in a slightly decreased end-of-the-fiscal year allotment from the conference.
Reach Jeff Charis-Carlson at 319-887-5435 or firstname.lastname@example.org. Follow him at @jeffcharis.
UI's official TaxSlayer Bowl delegation
The following University of Iowa officials — along with 16 guests — were members of the university's official delegation to the Jan. 2 TaxSlayer Bowl in Jacksonville, Fla.
• Patrick Bartoski, president of UI Student Government; Alyssa Billmeyer, president of the UI Graduate and Professional Senate; Joe Brennan, UI vice president for strategic communications; Barry Butler, UI provost; Monique DiCarlo, UI's deputy Title IX coordinator; Georgina Dodge, UI's chief diversity officer; Richard Fumerton, professor; Ellie Herman, UI's faculty NCAA representative; Erika Lawrence, associate professor; Rod Lehnertz, interim senior vice president; Sally Mason, president; Carroll Reasoner, UI vice president for legal affairs; Dan Reed, UI vice president for research and economic development; Jean Robillard, UI vice president for medical affairs; Vickie Sharp, clinical professor; Michael Stokes, UI's director of events; and Alexandra Thomas, president of the UI Faculty Senate.
The TaxSlayer Bowl provided each participating team with 125 gift packets valued at $550. Each packet included:
•Fossil watch, $150.
•Panasonic Gift Suite, $400 — which was a shopping spree scheduled for two hours Dec. 30 at the team hotel.