Final 2017 NCAA Tournament Units

[GoMuskies]

Apparently there are no units awarded for the NCAA championship game. I thought it odd, but it is what it is. Final numbers below. Each unit is worth about $1.7 million, and with only 10 members, each Big East conference school gets about $2.2 million. Contrast that with the ACC, where each school will only take home about $2 million despite having 5 more units. Only the Big XII will take home more units/member than the Big East.


2017 NCAA Tournament units:

18 - ACC
16 - SEC
15 - Big Ten
15 - Big XII
14 - Pac-12
13 - Big East
7 - West Coast
4 - Atlantic 10
3 - American
27 - Other conferences

[Masterofreality]

Apparently there are no units awarded for the NCAA championship game. I thought it odd, but it is what it is. Final numbers below. Each unit is worth about $1.7 million, and with only 10 members, each Big East conference school gets about $2.2 million. Contrast that with the ACC, where each school will only take home about $2 million despite having 5 more units. Only the Big XII will take home more units/member than the Big East.


2017 NCAA Tournament units:

18 - ACC
16 - SEC
15 - Big Ten
15 - Big XII
14 - Pac-12
13 - Big East
7 - West Coast
4 - Atlantic 10
3 - American
27 - Other conferences

Really? $1.7 million per unit? I read somewhere that each unit was worth $262,000?

[GoMuskies]

They're paid out over six years:

2018: $272,620
2019: $280,756
2020: $288,897
2021: $297,275
2022: $305,895
2023: $314,765

In total, that's $1,760,208 per unit.

http://www.mercurynews.com/2017/03/22/college-hotline-pac-12s-march-madness-haul-at-21-million-and-counting/

[bleedXblue]

perfect now give CMack an extension and nice raise!!!

[Masterofreality]

They're paid out over six years:

2018: $272,620
2019: $280,756
2020: $288,897
2021: $297,275
2022: $305,895
2023: $314,765

Ah, yeah. That's it. HalfsHeimers

Now, the real questions are A) How does the BE split? Equally? B) what are the accumulated amounts of Shares since the league began? I don't have time to go back and calculate how much $$ totally that XU will collect every year as of now.

[STL_XUfan]

Deleted

[xukeith]

This and all the cramming of students into small dormitories is the reason X can fly private anywhere at the drop of a hat.

[GetUp5]

Let's go ahead and just funnel that money straight into C Mack's pocket and call it a day.

[GIMMFD]

Let's go ahead and just funnel that money straight into C Mack's pocket and call it a day.

Agreed. I don't even remotely want him to leave. Pay the man.

[paulxu]

Ah, yeah. That's it. HalfsHeimers

Now, the real questions are A) How does the BE split? Equally? B) what are the accumulated amounts of Shares since the league began? I don't have time to go back and calculate how much $$ totally that XU will collect every year as of now.

Actually this might be the easiest to calculate for the BE than being in any other conference.
We haven't had any teams join/leave since formation 4 years ago.
All the units any of our schools accumulated got left behind in their old conferences (AAC, A-10, MVC).
So it's all from scratch as it were.

Would be interesting to learn if the school who earns the credit for the league gets a larger share (or equal) to other conference members.

[xubrew]

Apparently there are no units awarded for the NCAA championship game. I thought it odd, but it is what it is. Final numbers below. Each unit is worth about $1.7 million, and with only 10 members, each Big East conference school gets about $2.2 million. Contrast that with the ACC, where each school will only take home about $2 million despite having 5 more units. Only the Big XII will take home more units/member than the Big East.


2017 NCAA Tournament units:

18 - ACC
16 - SEC
15 - Big Ten
15 - Big XII
14 - Pac-12
13 - Big East
7 - West Coast
4 - Atlantic 10
3 - American
27 - Other conferences

Everyone stop and think about something for a second. What do these two leagues have in common??

It's no coincidence.

As someone else pointed out, the payouts take place over a six year period. So, we're still making money from that first year the Big East adopted this format. Once the league completes its sixth year, the annual money will be coming in full force.

[Professor X]

Feel free to correct if someone finds wrong:

Units since "new Big East" formed:

2017- 13
2016 - 12 (title game doesn't count)
2015 - 11
2014 - 6

For 2012 (5) & 2013 (6) not sure what happened to units for schools who were in old BE, and continued membership in New BE but I would think the conference retains them. I do believe that butler, creighton & X had to leave units earned with conferences they left. Not sure about all other former BE schools but I suspect they went with the AAC.

[GoMuskies]

For 2012 (5) & 2013 (6) not sure what happened to units for schools who were in old BE, and continued membership in New BE but I would think the conference retains them.

Correct that the conference retains them....but remember that the old Big East is now actually the AAC. So the conference that retained them was the AAC. The new Big East is a brand new conference with only the name (and records) from the old Big East.

[paulxu]

Correct that the conference retains them....but remember that the old Big East is now actually the AAC. So the conference that retained them was the AAC. The new Big East is a brand new conference with only the name (and records) from the old Big East.

And....MSG.

[xubrew]

Correct that the conference retains them....but remember that the old Big East is now actually the AAC. So the conference that retained them was the AAC. The new Big East is a brand new conference with only the name (and records) from the old Big East.

Are you sure about that??

I thought I heard something about the C7 at the time being able to keep the name and the old units because the AAC schools were responsible for the league dissolving. Xavier, Butler, and Creighton didn't get any of them, but the other seven were continuing to receive them.

I could be wrong, though. You seem to know what you're talking about, so I'll defer to you.

[X-band '01]

Feel free to correct if someone finds wrong:

Units since "new Big East" formed:

2017- 13
2016 - 12 (title game doesn't count)
2015 - 11
2014 - 6

For 2012 (5) & 2013 (6) not sure what happened to units for schools who were in old BE, and continued membership in New BE but I would think the conference retains them. I do believe that butler, creighton & X had to leave units earned with conferences they left. Not sure about all other former BE schools but I suspect they went with the AAC.

Xavier earned 3 units for the 2012 Sweet 16 run, but this is the last year that the A-10 will benefit from that. Suddenly, I don't feel so bad that Xavier missed out on postseason in 2013!

[GoMuskies]

Are you sure about that??



No. No I am not.

[XUMIOH12]

Are you sure about that??

I thought I heard something about the C7 at the time being able to keep the name and the old units because the AAC schools were responsible for the league dissolving. Xavier, Butler, and Creighton didn't get any of them, but the other seven were continuing to receive them.

I could be wrong, though. You seem to know what you're talking about, so I'll defer to you.

I thought I heard this too. That the 7 BE schools that are actually still in the conference got to keep those units, but the 3 new members dont get any of it. But, I have no idea if that is actually true or not.

[GetUp5]

Feel free to correct if someone finds wrong:

Units since "new Big East" formed:

2017- 13
2016 - 12 (title game doesn't count)
2015 - 11
2014 - 6

For 2012 (5) & 2013 (6) not sure what happened to units for schools who were in old BE, and continued membership in New BE but I would think the conference retains them. I do believe that butler, creighton & X had to leave units earned with conferences they left. Not sure about all other former BE schools but I suspect they went with the AAC.

Pretty cool that in 2018, assuming the units are split evenly, Xavier's athletic department will be getting over a million dollars for our NCAA tourney success as a conference. 4.2 units will be in play for X in 2018.

[bobbiemcgee]

so X earned $6,800,000. and Butler earned $5,100,000. for the BE of the $22,100.00. X, Butler and Creighton $13,600,000. total. DePaul loving it.

[SM#24]

I thought that the credits that the C7 earned themselves, they got to keep in the current Big East and I don't think that the new 3 share in the run out, but all the credits that remained from the defectors (Syr, Pitt, Louisville, WVA, ND, Rutgers) went to UC, UConn and SFla.
I also thought the TV money was uneven for the first few years before leveling off.
But I could be wrong as that was a while ago.

[xubrew]

I thought that the credits that the C7 earned themselves, they got to keep in the current Big East and I don't think that the new 3 share in the run out, but all the credits that remained from the defectors (Syr, Pitt, Louisville, WVA, ND, Rutgers) went to UC, UConn and SFla.
I also thought the TV money was uneven for the first few years before leveling off.
But I could be wrong as that was a while ago.

Actually, now that you mention it, that kind of sounds familiar as well.

I don't remember. I'm curious, but probably not curious enough to go back and look it up.

[XUMIOH12]

Actually, now that you mention it, that kind of sounds familiar as well.

I don't remember. I'm curious, but probably not curious enough to go back and look it up.

damn, i was hoping you would look it up.....because i don't feel like it either haha

[paulxu]

They did keep their credits, although the math from this article is a little hazy for the years following breakup:


Over the last five years the Catholic 7 has accumulated 29 units, which means the new conference will receive $7.25 million plus whatever payout its members earn for tournament games played this year (with Georgetown, Marquette and Villanova all expected to make the Big Dance, there could be a fair amount of extra income involved).

And the existing units will continue to pay over the following four years, though their total value will obviously diminish as units expire. With a projected per-unit payout of $255,379 in 2014, the Catholic 7 will take home a minimum $5.6 million from the 22 units collected over the last four tournaments, which is again in addition to tournament games played both this year and next.

In addition, the old Big East had accumulated about $110 million of "exit fees" that earlier departing members had left over the years, and the new Big East got $10 million of it when they left. $15 million to attorneys, and the remaining $85 million shared by the 3 left over schools (UC, UConn and USF I think).
Probably kept UC and UConn afloat for a while.

[Masterofreality]

All I know is that when departing the Ass10, Xavier kept Fordham afloat with the $2 million exit fee we paid plus giving up all of our earned credits. We never got a dime back from Fordham. Our cash flow in 2013 was not very good. Money was pretty damn tight, but we got through it.Thank goodness for the Fox TV contract.

[XBR1]

perfect now give CMack an extension and nice raise!!!

Bingo

[MADXSTER]

I've always assumed that Mack and Xavier knew that when joining the BE there was going to be a few lean years. Then as the credits started rolling in that Xavier would take care of him pay wise. It would work out for both parties and it has.