Full Definition of PROCEEDS
1: the total amount brought in <the proceeds of a sale>
2: the net amount received (as for a check or from an insurance settlement) after deduction of any discount or charges
So, in reality it is not incorrect to say net proceeds to differentiate these proceeds from the gross proceeds such as those from the gate, sale or entry fee.
IIN that misused words and phrases bug me?
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Full Definition of PROCEEDS
1: the total amount brought in <the proceeds of a sale>
2: the net amount received (as for a check or from an insurance settlement) after deduction of any discount or charges
So, in reality it is not incorrect to say net proceeds to differentiate these proceeds from the gross proceeds such as those from the gate, sale or entry fee.