And that is split evenly amongst the 15 members?Curious on the amount, if this is wrong my bad, did a quick search:
How much money do teams get for making the NCAA Tournament?
The quick and dirty on it is this: Every game a team plays in the NCAA Tournament is worth one unit. Each 2022 unit is worth $338,887 paid to the conference of the participating school. Each unit has a six-year shelf life, meaning one unit this season is worth $2,033,322 overall.