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USF-Miami series another financial boon for Bulls

The Bulls will get a guaranteed $1.15 million for their 2028 trip to Miami Gardens
USF coach Charlie Strong is mobbed by his players following a victory against the Texas Tech in the Birmingham Bowl at Legion Field in Birmingham, Ala., on Saturday, Dec. 23, 2017. The Bulls have scheduled upcoming three-game series with Power Five opponents Florida, Miami and Alabama, among others. [Times files]
USF coach Charlie Strong is mobbed by his players following a victory against the Texas Tech in the Birmingham Bowl at Legion Field in Birmingham, Ala., on Saturday, Dec. 23, 2017. The Bulls have scheduled upcoming three-game series with Power Five opponents Florida, Miami and Alabama, among others. [Times files]
Published Jun. 5, 2019
Updated Jun. 5, 2019

A clear byproduct of USF's two-for-one agreements with prominent Power Five opposition, which have generated nationwide debate, is the fresh revenue stream provided by such contracts.

To be sure, the stream is bubbling.

Upon a public-records request, USF on Wednesday provided its three-game contract with the University of Miami, which indicates the Bulls will receive a guarantee of $1.15 million for the series’ third game (Sept. 9, 2028 in Miami Gardens).

The first two contests come with no guarantee.

MORE USF: USF strikes 2-for-1 football deal with Alabama

The modest windfall for USF is similar to those resulting from two-for-one deals with Louisville and Alabama. The Bulls get a total of $1.2 million for a pair of trips to Louisville early the next decade, according to terms of that series contract.

The contract for the 'Bama series hasn’t yet been released, but Bulls athletic director Michael Kelly said USF will get a $1 million guarantee for its third game against the Crimson Tide (Sept. 12, 2026 in Tuscaloosa).

Additionally, the USF-Miami deal comes with a $3 million per-game buyout, meaning the 'Canes must pay USF $3 million for any game in the series it wishes to cancel, and vice versa.

The contract also states the visiting institution for each game will be allotted 2,000 complimentary tickets, with the option to request an additional 500.

Contact Joey Knight at jknight@tampabay.com. Follow @TBTimes_Bulls.

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