How much money is an NCAA Tournament win worth

[tornado]

http://time.com/money/5205227/umbc-ncaa-tournament-upset-revenue/

They calculate that a first round win is worth $1.7 million
..and a 2nd round win is worth $3.4 million

That money is paid to the conference and the Missouri Valley splits it essentially equally among all 10 teams (an extra portion is paid to Loyola to cover additional travel expenses).

So, thus far, Bradley gets about $340,000. Not sure Wichita will get that much...

[tornado]

"Loyola-Chicago has now earned $6.56 million for the Missouri Valley
Conference by playing at least four games in the NCAA Tournament. It will be
paid out from 2019-2024."

https://twitter.com/darrenrovell/status/976990127389069313

[PhiAlphaBoy]

"Loyola-Chicago has now earned $6.56 million for the Missouri Valley
Conference by playing at least four games in the NCAA Tournament. It will be
paid out from 2019-2024."
https://twitter.com/darrenrovell/sta...90127389069313

That would mean approximately $650M paid out to each school over 5 years, right? Bradley's take (right now) would equal about $130K/yr over the next 5 years. That's a nice unexpected windfall for the athletics department, equivalent to signing up about 7 new BSS members.

[tornado]

That would mean approximately $650M paid out to each school over 5 years, right?....

Yes...I think you mean $6.55 million paid out and split between 10 years on 5 installments..
but the extra publicity that's benefiting mostly Loyola also does trickle down and helps the entire league

[PhiAlphaBoy]

Yes...I think you mean $6.55 million paid out and split between 10 years on 5 installments..
but the extra publicity that's benefiting mostly Loyola also does trickle down and helps the entire league

Yes, I worded that poorly. Does Loyola receive any additional payment for being the team that actually earned this money? I don't believe they do. However, it's likely that all of the publicity they're receiving will result in record enrollment applications this next semester. Bradley had a tremendous increase in applications during that S16 run.

[pfcmsh]

Great Question

Yes, I worded that poorly. Does Loyola receive any additional payment for being the team that actually earned this money? I don't believe they do. However, it's likely that all of the publicity they're receiving will result in record enrollment applications this next semester. Bradley had a tremendous increase in applications during that S16 run.

This is a great question!

[Da Coach]

The winning team does not get to keep any more than the others in the conference. That is one of the main factors that caused Creighton and Wichita to leave. They did not like sharing the money they won with "inferior" teams. Most conferences have a similar setup, but because the bigger conferences get multiple teams in the tournament, the money shared is a much bigger amount.

[cpacmel]

The winning team does not get to keep any more than the others in the conference.

The winning team gets a share and a half. Everyone else gets a single share.

[Da Coach]

The winning team gets a share and a half. Everyone else gets a single share.

Yes, there is an extra portion paid to the participating teams to cover what the MVC defines as "travel expenses".
The extra 1/2 only applies to each site they play in, and not each win.

Here is a statement from "MVC spokesman Ryan Davis"-

https://www.cnbc.com/2018/03/19/whats-an-ncaa-tournament-upset-worth-units-big-bucks.html

The Missouri Valley has in the past received multiple bids, but only champion Loyola-Chicago got in as an automatic qualifier this year. The MVC distributes the units revenue equally among 10 members — though the NCAA Tournament participants receive an additional half-share to cover travel expenses, MVC spokesman Ryan Davis said Sunday.

And another lengthier and more detailed explanation of the revenue distribution-

https://www.news-leader.com/story/sports/college/msu/2016/04/02/bears-mailbag-valley-schools-rolling-money-ncaa-tournament-success/82519474/

The teams that played in the NCAA Tournament in a specific year get money off the top, to pay for expenses related to the trip. That money is equal to a half-unit for each site where the team played games.
Northern Iowa played two games in Oklahoma City, so it gets $130,000 and change. Wichita State played a game in Dayton, then two games in Providence, for a $260,000 payment. And the Valley gets five units for the five NCAA games its members played in 2016.
The units are then divided by six and paid out over the next six years. So in 2016, the Valley gets paid one-sixth of all the units earned from the 2010-2015 tournaments. Valley teams earned a total of 21 units over that span, for a total of $5,471,025.


The NCAA does not define how conferences split their NCAA money, though they encourage conferences to split it equally, and most do.

[braves16]

https://www.desmoinesregister.com/story/sports/college/2018/03/28/loyola-chicago-final-four-run-benefited-missouri-valley-conference-drake-uni-basketball-mvc-hoops/466678002/

[tornado]

unfortunately - the reps of all the big schools are huddling as we speak in some dark room in Durham NC or Lawrence KS trying to devise yet more ways to block any small school from ever getting in, getting any seed higher than 15 or getting any chance of advancing...

some of the new proposals include...

-any mid-major facing a power-conference school must start each tournament game down 15-0 on the scoreboard

-all refs for games between power-conference schools and mid-majors must be hand picked by the AD of the power-conference school involved

-then, at the end of each game between a power-conference school & a mid-major, the school in the power-conference has the option of either keeping the score they have or swapping with the other team

-in the rare instance that a mid-major advances to the Final Four - possibly by virtue of getting matched against nothing but other mid-majors, then that school must split all proceeds won by their conference with all other power-conferences

[Da Coach]

The Jay Bilases of the world use the old worn out misguided logic that the small schools don't stand a chance at winning the NCAA Tournament, so why should they even be included at all. But using that faulty logic, the 4th, 5th, 6th, 7th, and 8th place teams in the Power 5 or 6 conferences don't stand any better chance at getting to the Final Four or winning the NCAAT, so why should they be invited?

But Bilas cannot even be honest. His point is not even the major reason the big schools don't want any midmajors in the tournament. The real point, and the point the big schools never want to admit, is that they just want all the money to themselves. They don't want to see midmajor conferences like the MVC take home big payouts from the tournament, and then use that money to improve themselves.
All the midmajors want is a fair chance, and the opportunity to get a small slice of the massive money pie. But the big boys will fight tooth and nail to prevent that. They are now trying to avoid scheduling against midmajors by expanding their conferences and playing fewer non-conference games, and refusing to play midmajors except at home. Plus notice now that most of the early-season tournament that used to be a mix of midmajors and majors are now all either one or the other. So now one of the final ways a midmajor might be able to play or knock off a big school is being slyly taken away from them.

[tornado]

can you imagine how much money the MVC woulda made if we had two teams in the tourney that went deep -
$8.5 million earned by Loyola and maybe another $3-4 mil if we had a 2nd team do well - now I am getting an idea why the power-conference schools are so miffed, thinking that is their money that we're taking