Interesting article on how the March Madness Money is broken down ... here's the link, but I've copied the relevant info below http://www.mercurynews.com/2017/03/13/how-the-march-madness-tv-dollars-billions-of-em-are-spent/ :
Payouts from the fund are sent to the conferences every spring. They’re broken into two buckets: the equal-share bucket, and the performance-based bucket.
The 2017 tournament is expected to generate the following payouts, which total $211 million:
*** Each conference will receive roughly $1.6 million, regardless of the number of participants or games played.
*** Each game played, which the NCAA defines as a unit, is worth $264,859 to the participating team’s conference. (There is no additional payment for winning the championship game.)
But that’s not a one-time windfall. The units earned for each conference are tallied up and distributed over a rolling, six-year basis.
SO ... EVERY win, generates $265K for the conference, every year for 6 years. That can add up FAST.
Go ACC Go!!
Payouts from the fund are sent to the conferences every spring. They’re broken into two buckets: the equal-share bucket, and the performance-based bucket.
The 2017 tournament is expected to generate the following payouts, which total $211 million:
*** Each conference will receive roughly $1.6 million, regardless of the number of participants or games played.
*** Each game played, which the NCAA defines as a unit, is worth $264,859 to the participating team’s conference. (There is no additional payment for winning the championship game.)
But that’s not a one-time windfall. The units earned for each conference are tallied up and distributed over a rolling, six-year basis.
SO ... EVERY win, generates $265K for the conference, every year for 6 years. That can add up FAST.
Go ACC Go!!
