$20 Million - - And Counting

[xudash]

http://pcbb1917.com/2016/04/04/how-the-big-east-made-20-million-in-17-days-in-march-ncaa-tournament-2016-units-revenue-villanova-butler-providence-xavier-seton-hall/

$20 Million over the last 17 days for the Big East.

Then there were the previous two years.

And think about the years to come.

I love the Big East.

[GIMMFD]

http://pcbb1917.com/2016/04/04/how-the-big-east-made-20-million-in-17-days-in-march-ncaa-tournament-2016-units-revenue-villanova-butler-providence-xavier-seton-hall/

$20 Million over the last 17 days for the Big East.

Then there were the previous two years.

And think about the years to come.

I love the Big East.

Boy that's a lot of money, that's gotta bode well for more facilities upgrades and Chris Mack's salary which everyone likes to bring up ;)

[bobbiemcgee]

another reason to stay @ 10.

[Roach]

I imagine it's more than $20 million now ...

[SemajParlor]

As long as those kids keep getting a free education, bring in the money!

[Strange Brew]

http://pcbb1917.com/2016/04/04/how-the-big-east-made-20-million-in-17-days-in-march-ncaa-tournament-2016-units-revenue-villanova-butler-providence-xavier-seton-hall/

$20 Million over the last 17 days for the Big East.

Then there were the previous two years.

And think about the years to come.

I love the Big East.

2051

[Snipe]

Not to mention the $400 bucks I just won by winning Base Pool!

[LA Muskie]

I imagine it's more than $20 million now ...

Surprisingly no. The last games in which units are awarded are the Final Four games. There's no extra $$$ for making it to the championship game, much less winning it.

[XUGRAD80]

Not to be a downer, if that is spread evenly among the 10 schools thst is 2 million per school. The cost of the teams traveling for the tourney probably comes out of that, right? And, if all of the different teams traveling expenses are taken out of the total, and then the left over amount is spread evenly, it would leave even less. While it's great to be getting any money from participation in the tourney, it's not quite the windfall that it might appear to be at first glance.

[ballyhoohoo]

I thought the NCAA paid for travel for the teams. Hence why some teams that normally fly charter fly commercial, and some teams that would normally stay at a Holiday inn stay at the Sheraton. It helps level the playing field in travel.

[XUGRAD80]

I thought the NCAA paid for travel for the teams. Hence why some teams that normally fly charter fly commercial, and some teams that would normally stay at a Holiday inn stay at the Sheraton. It helps level the playing field in travel.

I don't think I have ever heard that, but if true that's great. Considering all the money that the NCAA brings in from TV rights, I think it's possibly something they can afford.

[Masterofreality]

Not to be a downer, if that is spread evenly among the 10 schools thst is 2 million per school. The cost of the teams traveling for the tourney probably comes out of that, right? And, if all of the different teams traveling expenses are taken out of the total, and then the left over amount is spread evenly, it would leave even less. While it's great to be getting any money from participation in the tourney, it's not quite the windfall that it might appear to be at first glance.

Well, even if that is the case, which it is not as Bally so eloquently stated above, it is a helluva lot better than the #HottestCollegeInAmerica making a BCS Bowl game and losing a million and a half on it because their garbage fans wouldn't buy tickets.

$2 million EXTRA per team is nice. That on top of the $4.5 million/year from Fox. Meanwhile VDump wallows in a cesspool that pays them $350,000/year in TV money while still scarfing off Xavier's success. They'll still be collecting on that for 3 more years, but with 14 teams, their NCAA share is less than $20,000 per unit per year.

Only the beginning...and more credits and success to come. I love this league.

[blueblob06]

Wow, imagine the money the ACC raked in with 4 team in the Elite 8 and so many in the Sweet 16.

[LA Muskie]

I thought the NCAA paid for travel for the teams. Hence why some teams that normally fly charter fly commercial, and some teams that would normally stay at a Holiday inn stay at the Sheraton. It helps level the playing field in travel.

This is correct. The NCAA pays for the schools' travel costs to NCAA games. The units theoretically should be pure profit to the conference.

[LA Muskie]

Also, bear in mind that $20mm is spread over 6 years. So it's about $3.3mm per year to the conference. Plus the value of the preceding 5 yrs worth of annual unit payments (since we're less than 6 yrs old we're still catching up in that regard).

And most programs budget for unit receipts. It's not like a lottery win. Plus, remember that we took a big hit when we changed affiliations (we gave up out A-10 receipts and the legacy Big East receipts were used as seed capital for the conference) so to some extent we've been operating at a budget deficit for the past 3 years.


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[xubrew]

This is correct. The NCAA pays for the schools' travel costs to NCAA games. The units theoretically should be pure profit to the conference.

Yes, when you're in any NCAA Championship event for any sport, they treat you pretty well. The hotels and travel are paid for (essentially), and you get $120 per person per day, which includes players, coaches, and support staff for extra expenses, so they're getting to have some pretty nice meals.

That dollar amount may even be higher now.

[OTRMUSKIE]

I read the Big East doesn't distribute the money to all the teams.

NCAA PAYOUT: Generally speaking, the NCAA distributes tournament monies to conferences, and conferences dole out funds to their schools.

Conferences determine their own distribution policies. While some divide NCAA revenue evenly among their schools, the Big East does not. It does not share its distribution policy but it does reward schools for success.

A tournament unit this year is worth about $260,000. Xavier yielded two units for two games. Villanova earned five since no additional unit was awarded for reaching the title game.

[xubrew]

I read the Big East doesn't distribute the money to all the teams.

NCAA PAYOUT: Generally speaking, the NCAA distributes tournament monies to conferences, and conferences dole out funds to their schools.

Conferences determine their own distribution policies. While some divide NCAA revenue evenly among their schools, the Big East does not. It does not share its distribution policy but it does reward schools for success.

A tournament unit this year is worth about $260,000. Xavier yielded two units for two games. Villanova earned five since no additional unit was awarded for reaching the title game.

This is generally right, but a few more particulars.

It's not "Generally speaking" when it comes to how the NCAA doles out the money. It's "Specifically speaking." They always give it to the conferences. It's their money.

A tournament unit is worth about $260k PER YEAR for six years. So, in reality, it's worth $1.56 million dollars. The Big East earned 13 unites, which comes out to $20.3 million (roughly), and we'll receive 3.38 million per year for the next six years. But, we're also getting last year's revenue for the next five years and the year before that's revenue for the next four years.

[Masterofreality]

I'd like to know what the distribution formula is..but whatever it is, I'm very happy that the Conference rewards those who actually produce success, rather than enabling the flotsam and jetsam like the Fordham's of the world who are on a Welfare program.

[Muskie]

I think I remember reading at one point that the older BE members got more of a share of these credits, but that it evens out as time goes on. I don't believe X is sharing in any of the credits earned by the Big East from prior to their joining. I also somewhat remember that they aren't getting any from the time in the A-10 at this point either.

[XUFan09]

I think I remember reading at one point that the older BE members got more of a share of these credits, but that it evens out as time goes on. I don't believe X is sharing in any of the credits earned by the Big East from prior to their joining. I also somewhat remember that they aren't getting any from the time in the A-10 at this point either.
This was presented as a possibility but I don't know if it came to fruition.

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[X-band '01]

I think I remember reading at one point that the older BE members got more of a share of these credits, but that it evens out as time goes on. I don't believe X is sharing in any of the credits earned by the Big East from prior to their joining. I also somewhat remember that they aren't getting any from the time in the A-10 at this point either.

Considering they had to pay a pretty penny to secure the Big East name along with the tournament rights to Madison Square Garden, I don't have a problem with the original 7 getting preferred status.

After this year, the only money that the A-10 members are making off of Xavier relates to 2011 (Round of 64) and 2012 (Sweet 16). This is the final year where they're making money off of Xavier's 2010 Sweet 16 appearance.

[SteveSpivery]

The article at the start has this link 2015-16 Revenue Distribution Plan Final (https://www.ncaa.org/sites/default/files/2015-16_Revenue_Distribution_PlanFinal.pdf) Check out page 9. It has the Big East getting $1,532,277 in 2014-2015, but the American Athletic (UC's) getting $29,368,641. Heck of a difference. I suppose they get money from schools that were in the Big East.

[xubrew]

The article at the start has this link 2015-16 Revenue Distribution Plan Final (https://www.ncaa.org/sites/default/files/2015-16_Revenue_Distribution_PlanFinal.pdf) Check out page 9. It has the Big East getting $1,532,277 in 2014-2015, but the American Athletic (UC's) getting $29,368,641. Heck of a difference. I suppose they get money from schools that were in the Big East.

I think they got all of the Big East's money.

I actually don't know the details of this, and am sure someone else does. But, as part of the agreement of getting to keep the Big East name, I thought they gave up all of their tournament earnings.

In other words, I thought it was kind of like when the Browns went to Baltimore. Cleveland kept the name and records, bu that was about it. The American took everything except the name and records, and when the Big East started over we got to say we technically weren't a new league even though we practically were.

[LA Muskie]

I think they got all of the Big East's money.

I actually don't know the details of this, and am sure someone else does. But, as part of the agreement of getting to keep the Big East name, I thought they gave up all of their tournament earnings.

In other words, I thought it was kind of like when the Browns went to Baltimore. Cleveland kept the name and records, bu that was about it. The American took everything except the name and records, and when the Big East started over we got to say we technically weren't a new league even though we practically were.
My recollection is somewhat similar. I believe the Catholic 7 got to keep their share of units, but the rest of the pot followed the schools to the AAC. I believe the Catholic 7 units were then used as startup capital for the conference, subject to repayment before unit payments are distributed to new members. I believe they also got a premium for this arrangement. I don't believe it's perpetual, but it's also not a short-term arrangement.

[WCWIII]

A little more detail on the AAC / Big East distributions: Washington Post (https://www.washingtonpost.com/graphics/sports/ncaa-money/)