Where did the NCAA BBall $$$ shares Go?

[arbitragegls]

Here is a terrific article from SI on the potential split of the bball schools from the Big East. It is an excellent article...but where it ends is that the bball schools in an elite conference may get nearly $1,000,000 each more than staying in the BE with just the bball share. IMPORTANTLY, for BASKETBALL THE NCAA PAYS OUT according to this article in the following way:

(this says the Big East in '11-'12 received $27,3000,000 from the NCAA bball Tournament. Now if there were 18 teams, that is $1,516,000 per school...in '12-'13 it will be $28,700,000--anyone know where this money is accounted for...has anyone thought fact this should be included in conference payout to each team (wonder what it will be in ACC?)

The way the NCAA pays teams for reaching the NCAA tournament is extremely complicated. Teams aren't given a single, fat check for reaching and advancing in the NCAAs. Instead they are given units for making the NCAA tournament and more for advancing. The value of each unit is approximately $245,000, which is paid to the league over six years.
Units are a huge financial piece in the value of a basketball league. In the Big East's 2011-12 fiscal year, it received $27.3 million in NCAA tournament units (113 earned over previous six years at $242,000). In 2012-13, the league will receive even more -- $28.7 million thanks to 117 units over six years.
"The interesting point is that people focus on the TV dollars," said a Big East official. "Currently our unit dollars as a revenue stream exceed our TV revenue for basketball schools. We generate more dollars from NCAA participation."
A key financial issue here is that the units of schools like Syracuse, Pittsburgh, Louisville, West Virginia and Notre Dame are still going to go into the Big East coffers after those schools left for other conferences. (Rutgers never reached an NCAA tournament in its entire Big East tenure.) Those units are a significant amount of money annually. One of the biggest legal issues to be fought out will be what happens to the league's units? And can the breakaway schools take their units with them?


Read More: http://sportsillustrated.cnn.com/college-basketball/news/20121213/big-east-basketball/#ixzz2ExXhI6ZZ



http://sportsillustrated.cnn.com/college-basketball/news/20121213/big-east-basketball/

 

[armory]

Very very interesting.

What if the legal result is that the units must stay in the Big East ... but the Big East dissolves? Does the Providence office just soak up free money?

Would explain why they are so desperate to prolong its agony.

 

[arbitragegls]

Very very interesting.

What if the legal result is that the units must stay in the Big East ... but the Big East dissolves? Does the Providence office just soak up free money?

Would explain why they are so desperate to prolong its agony.

also depends on whether the bball teams only decide to dissolve the conference...they actually have the votes--2/3--to do so as Temple cannot vote on this issue before July 1, 2013. If they vote to disband the conference, perhaps 'Cuse either gets money back for leaving early that they already paid/not have to pay remaining dollars if all exit fee not paid...and then what happens to all those basketball units...that 'Cuse, Louisville, and Pitt earned??? It may come down to keeping the BE name

 

[shermstheman]

Reason would tell me that, since the money was earned while a school was in the conference, the NCAA would ticket that money for each of those schools no matter where they end up. Does the conference actually get the money and then allot it? I would presume not. They'll be some hellacious lawsuits if the conference tries to keep it.