OT: Another question for you bball junkies. NCAA tourney

[ragtimejoe1]

Does anyone know how the money from the NCAA tourney is distributed? I was reading an article about the ACC making 30 million plus but the article also had some other numbers. Here it is in a nutshell:

Each unit (i.e. game) pays $265,791 per year paid each year for 6 years = approximately 1.6 million.

However, the article also states how this was set up to redistribute the TV money for the tourney. If I understand correctly, CBS and Turner pays $740 million/year.

Doing some generic math: 67 games (I think that is right) x $265,791 x 6 years = approximately $107 million. If you double that (I'm not sure if you should or not) for 2 teams in each game, then the total is approximately $214 million.

Where does the other $500 million go to? Just to the general NCAA fund? Redistributed to conferences? Surely it doesn't cost $500 million to put on the tournament?

http://espn.go.com/mens-college-basketball/story/_/id/15029265/acc-stands-make-more-30-million-ncaa-tournament-success

 

[WestWYOPoke]

The NCAA tournament is the NCAA's biggest money maker by far. While a decent chunk goes back in to the school's participating, the remainder is what the NCAA essentially runs on. A chunk of that goes to salaries and operational budget for the NCAA offices and employees. But the bulk goes in to paying for the rest of the championships that, by themselves, would lose money.

Remember that the NCAA pays for all expenses for every team in every NCAA sport post-season tournament in all 3 divisions. So when the D3 Mount Union volleyball team travels to wherever for the 1st round of their tourney, the NCAA is paying for the flights (sometimes charters) and/or buses to and from the event, the cost of housing for the athletes and support staff during the event as well as per diem for each individual traveling. When you factor in the fact that the NCAA sponsors 37 sports, some at all 3 levels, and some with as many as 64 teams involved; the price tag can climb pretty high pretty quickly.

 

[ragtimejoe1]

Interesting. I guess I never thought about it, but I do see this as a source of problems in the future.

First being the athlete lawsuits and compensation. Argument is why should BBall subsidize a bunch of other sports instead of paying athletes? Not saying I agree with that, just that I think it could be a source of debate.

Second being if the P5 thinks they could capture that revenue (or most of that revenue) if they abandon the NCAA. Basically, if they split entirely, how much money could the control in the revenue sports versus how much they control now...if that makes sense.