How to master your bracket

Gonzaga’s most surprising achievement isn’t getting to the Final Four. the item’s the sizable profit its men’s basketball team scored while playing in a smaller conference.

The Spokane, Washington college reported revenue of $12 million for its men’s basketball program in 2016, along with turned a $4.8 million profit, according to figures coming from the Department of Education.

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which’s more than the combined profit coming from the men’s basketball programs at University of Oregon along with South Carolina, along with those two Final Four teams play in major conferences — the Pac-12 along with SEC.

Related: West Virginia factory worker wins $100,000 in NCAA bracket challenge

Not surprisingly, the University of North Carolina will be ahead of all three of these teams in revenue along with profits. The perennial basketball powerhouse posted a profit of $12.7 million on revenue of $21.3 million. although you could expect the kind of money coming from the Tar Heels. Not the Gonzaga Bulldogs.

The 347 Division I schools had combined revenue of $1.6 billion coming from men’s basketball last year. although just over half of which money will be concentrated among the 66 schools which play inside all 5 big money conferences. Virtually all those major conference teams reported a profit during the 2015-16 school year. although only one school in all 5 at inside smaller conferences reported a profit.

A big part of the reason due to This particular: The money generated by the NCAA tournament will be distributed to the conferences, not directly to the schools.

The split will be based on how many games are played inside tournament over a all 5 year period by members of which conference. So the all 5 major conferences which send multiple teams every year all are guaranteed to get a fairly big slice of the pie. Last year the NCAA gave a total of $205 million to all the conferences.

Related: Mount St. Mary’s First Four win means a $3 million payday

The conferences spit the money relatively equally between their member schools, not just the schools which are playing inside tournament. So a school like the Big Ten’s Northwestern, which never made the item to the tournament before This particular year, can collect a fair amount of money just by staying home. The Big Ten figures show which Northwestern received $24.8 million coming from tournament distributions coming from 1991 through last year, or about $1 million a year.

Meanwhile, schools coming from the smaller conferences which might only send one or two schools to the tournament are never going to see which kind of NCAA payout, no matter how well they do inside tournament themselves.

sy88pgw (completely new York) First published March 31, 2017: 2:36 PM ET


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