That is the total amount of payout of the bowls that the B1G teams play in. So if the B1G gets 1/2 then each school will get $2,189,000. Do you think we got that much last year from the bowl seasons? Nice little incentive for joining I would say. I would have to say this should be a profitable year for the Huskers. So even having to pay the exit fee I would say we are ahead.
The real numbers:
Big Ten Bowl Picture
Bowl (Big Ten team):--- Bowl pays conference --- Big 10 reimbursement to schools for travel expenses
Rose Bowl (Wisconsin) --- $22.3 million --- $2.3 million
Sugar Bowl (Michigan) --- $6.1 million --- $2.050M
Capital One Bowl (Nebraska) --- $4.55 million --- $1.775 million
Outback Bowl (Michigan State) --- $3.5 million --- $1.775 million
Insight Bowl (Iowa) --- $3.25 million --- $1.825 million
Gator Bowl (Ohio State) --- $3.25 million --- $1.775 million
Meineke Car Care Bowl (Northwestern) --- $1.7 million ---- $1.5 million
Ticketcity Bowl (Penn State) --- $1.2 million --- $1.2 million
Kraft Fight Hunger Bowl (Illinois) --- $750,000 --- $750000
Little Caesar's Pizza Bowl (Purdue) --- $600,000 --- $600,000
Total Bowl Payout: $47,200,000 ($47.2M)
Total Travel Expenses borne by Big 10: $15,550,000 ($15.55M)
Big 10 profit after expenses: $31,650,000 ($31.65M)
http://blog.pennlive.com/patriotnewssports/2011/12/big_ten_teams_share_rose_bowl.html