The DM Register did a good job figuring out the athletic and football budgets for several conferences. Those are hard numbers to parse out.
Iowa State again has the smallest athletic budget in the Big 12, yet is fourth or fifth best in performance. Nice job all around. That kind of result is all we can ask for.
My only quibble is the "Cash Spent per football win" formula only focused on one year being too short. One good or bad year skews the results too much. I would prefer a 3 or 5 year horizon to get a clearer view of things.
The big surprise? Iowa has the fourth biggest budget in the Big 10, yet is last in the league for performance the last two years. Ouch.