Old Bison
Masters Student
Posts: 619
Age: 65
Reg: 07-09-17
|
01-17-18 11:32 AM - Post#243787
Does anyone know the payment amount in '17 the NCAA pays a school if they advance from Ro64 to Ro32?
TX
|
Bison137
Professor
Posts: 16147
Reg: 01-23-06
|
01-17-18 01:12 PM - Post#243795
In response to Old Bison
This article is a couple years out of date, but it gives the basics. A conference three years ago picked up an estimated $1.67 Million for a win in the Round of 64 (and also other rounds). It is paid out over a six-year period.
Note that most leagues have a revenue-sharing feature when it comes to this money. In the PL, the money for getting to the Dance is split 50/50 between the winning school and the league. The additional money for a win is divided into 12 shares, with the winner getting 2 shares, the PL 1 share, and the other 9 PL schools 1 share each.
|
Bison89
Professor
Posts: 5370
Loc: Philadelphia
Reg: 11-14-07
|
01-17-18 01:41 PM - Post#243798
In response to Bison137
This article is a couple years out of date, but it gives the basics. A conference three years ago picked up an estimated $1.67 Million for a win in the Round of 64 (and also other rounds). It is paid out over a six-year period.
Why is it paid out over 6 years? IMO, the NCAA makes so much money from March Madness that they should just pay their bills.
| New season, new team, new dream . . . |
|
Bison137
Professor
Posts: 16147
Reg: 01-23-06
|
01-17-18 01:56 PM - Post#243802
In response to Bison89
This article is a couple years out of date, but it gives the basics. A conference three years ago picked up an estimated $1.67 Million for a win in the Round of 64 (and also other rounds). It is paid out over a six-year period.
Why is it paid out over 6 years? IMO, the NCAA makes so much money from March Madness that they should just pay their bills.
It's not really a fixed amount that is paid out over six years. To be more precise, when a team wins a game it earns a certain share of the next six years worth of money. In theory, they could give them 6x as much, and base it just on the current year. But that would be less money, since the money keeps going up at a rapid rate. Getting part of the higher future years is actually better.
|
Bison89
Professor
Posts: 5370
Loc: Philadelphia
Reg: 11-14-07
|
01-17-18 01:58 PM - Post#243803
In response to Bison137
Thanks for the clarification.
| New season, new team, new dream . . . |
|
Old Bison
Masters Student
Posts: 619
Age: 65
Reg: 07-09-17
|
01-17-18 02:00 PM - Post#243804
In response to Bison137
137 - thank you. Very interesting on the split and not great for the school that is competitive enough to advance to Ro32
|
