Revenues
The Division I Men’s Basketball tournament is the only NCAA championship tournament (officially, the BCS Football Championship is not an NCAA event) where the NCAA does not keep the profits. Instead, the money from the multi-billion-dollar television contract is divided among the Division I basketball playing schools and conferences as follows:
* 1/6 of the money goes directly to the schools based on how many sports they play (one “share” for each sport starting with 14, which is the minimum needed for Division I membership).
* 1/3 of the money goes directly to the schools based on how many scholarships they give out (one share for each of the first 50, two for each of the next 50, ten for each of the next 50, and 20 for each scholarship above 150).
* 1/2 of the money goes to the conferences based on how well they did in the six previous men’s basketball tournaments (counting each year separately, one share for each team getting in, and one share for each win except in the Play-in game and the Final Four). In 2007, based on the 2001 through 2006 tournaments, the Big East received over $14.85 million, while the eight conferences that did not win a first-round game in those six years received slightly more than $1 million each.
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