On Friday, the Duke basketball team announced that it will earn a total of $1,001,000 in sponsorship revenue this season.
That total includes the following items:The Duke men’s basketball team will receive $600,000 for the 2016-17 season, which will be paid to the National Basketball Players Association for the benefit of the men’s program.
The Duke women’s basketball program will receive an additional $500,000.
The Blue Devils will receive a $1.3 million “guaranteed” donation to the Duke Women’s Foundation to support its scholarship-recovery initiatives.
The school will receive the following $1M “guest” payments:$500,00 to the Kentucky-based organization, Bluegrass Health and Wellness Foundation$500: to the University of Kentucky-Southern Medical Center$500 to the Bluegrass Sports Foundation, Inc.
The team also will receive another $500 for the “guests” portion of the Duke Basketball Association-mandated “guideline scholarship” payments for each player who enters the 2018-19 season.
Those payments will go to the men and women’s AAU teams.
The full list of the money that Duke will earn in sponsorship revenues is as follows:$1,000,000 will be donated to the American Red Cross.$100,000 from the NCAA to the NCAA Basketball Scholars Program, the NCAA Foundation for Excellence and the National Collegiate Athletic Association to fund its scholarship programs.$200,000 to the United States Department of Education and the American Heart Association to support college athletics.$150,000 the NCAA and the NCAABasketball and Basketball Foundation will each donate $1 for each of the first five seasons of Duke Basketball.$50,000 Duke will receive “guested” payments of $100,00 each from the NBA.
The NCAA will also pay a $50,00 donation to Duke from the National Football League.
All of the payments will be in addition to Duke’s “guestation” payments, which were already in place last season, as well as Duke’s $500 scholarship fund for the 2018–19 season, according to a release from the university.