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NCAA Money


EagleManiac

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Can someone help me understand the NCAA payout and how much we get vs how much the Summit gets? I’ve read a bit about it and it sounds like the Summit gets 3 “units” for our tourney run this year, spread out over the next 6 years. But how much of that do we get? 

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I think I saw somewhere that conferences can distribute that money however they want between members; some split it evenly between schools, some give more (all?) to the team(s) who actually won the game(s). 

Not sure if or how the member schools get to weigh-in on setting those policies, but I'm guessing it's the sort of thing the university AD's/presidents vote on at summer meetings between rounds of golf.

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According to sports-business website Sportico, the NCAA will distribute $222.5 million to conferences from the 2021 tournament revenue distribution fund. That $222.5 million is paid out based on performance in the tournament through units of roughly $337,000 for six years.  

“You have to win a game to get a unit,” Powell said, noting Oral Roberts has earned the league about $675,000 so far. “Every bit counts, especially at the mid-major level. It’s really nice especially when you win.” 

Powell also pointed out North Dakota State won the league a unit of $275,000 in 2019 with a tournament win over North Carolina Central. That unit combined with Oral Roberts’ 2021 units gives each school in the Summit League just shy of $100,000 for the next four years. 

For comparison, most school’s athletic budgets are over $10 million and in some cases well over $100 million. For Oral Roberts, data from the Department of Education put the athletic budget over $12 million.

Powell said Oral Roberts will receive $35,000 for each win from the unit payout, while the conference’s President’s Council will determine how much goes to the league and the rest will be divided up equally among the member schools. 

“This is the biggest windfall that we’ll see monetarily from the NCAA tournament in a long time,” Powell said.  

Oral Roberts is the third Summit League team to reach the Sweet 16 and the first since Valparaiso made it as a No. 13 seed in 1998. Cleveland State reached the Sweet 16 in 1986 when the Summit League was still known as the Mid-Continent Conference.   

“It’s been a fun couple of days,” said Powell, who praised the character of the Oral Roberts players and coaches. “They’re just grateful to be there and really representing the Summit League and their school really well.”

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28 minutes ago, ORUalum said:

According to sports-business website Sportico, the NCAA will distribute $222.5 million to conferences from the 2021 tournament revenue distribution fund. That $222.5 million is paid out based on performance in the tournament through units of roughly $337,000 for six years.  

“You have to win a game to get a unit,” Powell said, noting Oral Roberts has earned the league about $675,000 so far. “Every bit counts, especially at the mid-major level. It’s really nice especially when you win.” 

Powell also pointed out North Dakota State won the league a unit of $275,000 in 2019 with a tournament win over North Carolina Central. That unit combined with Oral Roberts’ 2021 units gives each school in the Summit League just shy of $100,000 for the next four years. 

For comparison, most school’s athletic budgets are over $10 million and in some cases well over $100 million. For Oral Roberts, data from the Department of Education put the athletic budget over $12 million.

Powell said Oral Roberts will receive $35,000 for each win from the unit payout, while the conference’s President’s Council will determine how much goes to the league and the rest will be divided up equally among the member schools. 

“This is the biggest windfall that we’ll see monetarily from the NCAA tournament in a long time,” Powell said.  

Oral Roberts is the third Summit League team to reach the Sweet 16 and the first since Valparaiso made it as a No. 13 seed in 1998. Cleveland State reached the Sweet 16 in 1986 when the Summit League was still known as the Mid-Continent Conference.   

“It’s been a fun couple of days,” said Powell, who praised the character of the Oral Roberts players and coaches. “They’re just grateful to be there and really representing the Summit League and their school really well.”

Great article; here's a link below to the whole thing from the KELO-Sioux Falls website.  BTW:  "Powell" is Summit League assistant commissioner for communications Ryan Powell.

https://www.keloland.com/keloland-com-original/sweet-16-spot-earns-oral-roberts-national-exposure-while-netting-the-summit-league-more-than-600k/

Other thoughts: 

  • does newcomer St. Thomas get to share in this money immediately?
  • and isn't UMKC's prez thinking right now, "Man, this sure beats the heck out of playing in the WAC!"
  • for those who might argue that NCAA "play-in" games aren't true tournament games:  note that NDSU earned a unit for defeating North Carolina Central in 2019 in Dayton.

 

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Is St. Thomas still  coming next year? Thought on another thread it was discussed that they had to wait? Could be wrong. Nevermind guess it was Augustana that missed out on joining the Summit

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