After going 7-5 in the regular season, Iowa finished last year with a spot in the 2017 New Era Bowl and played Boston College.
The Hawkeyes defeated the Eagles, 27-20, finalizing its season with a win and an 8-5 record. On Friday, the Iowa athletics department announced that the team had a surplus of $480,003 from its participation in the bowl game.
The Big Ten gave Iowa’s athletics department a budget of $2,225,000 to cover expenses. The expenses were to cover for the team, staff, the Hawkeye Marching Band and the official institutional party.
Expenses for the team and staff was $1,324,270, where meals — which cost the most — totaled $707,639. The UI Marching Band’s biggest expense was $272,373 for air transportation. The official travel party expenses totaled $42,067.
“To experience New York City during the holidays and enjoy a hard-fought win by coach Ferentz and his players and staff, was exciting and rewarding for the University of Iowa,” said Gary Barta, Henry B. and Patricia B. Tippie Director of Athletics Chair. “To complete the trip within the confines of the established budget adds to the satisfaction of the entire experience.”