What's an NCAA Tournament upset worth?

[TexasTowelie]

UMBC made more than history in the NCAA Tournament.

By becoming the first No. 16 seed to beat a No. 1, the Retrievers made about $1.7 million for the America East Conference. Loyola-Chicago's buzzer-beating run to the Sweet 16 will be worth double that to the Missouri Valley Conference. Nevada's consecutive comebacks were also worth about $3.4 million for the Mountain West. The MVC and Mountain West will pocket at least as much from NCAA Tournament units as the Pac-12, which had three teams in the field, all bounced after one game each.

Units are what the NCAA calls its revenue distributions from the basketball performance fund, which rewards teams for tournament performance. The NCAA Tournament generates more than $700 million in revenue for the association and its schools, the vast majority from its media rights deal with CBS and Turner.

Units for this year's tournament are worth approximately $273,000, according to the NCAA, but their value ends up being greater than that.

Read more: http://www.coloradocommunitymedia.com/stories/whats-an-ncaa-tournament-upset-worth,259602

[gopiscrap]

1. go Loyola

[underpants]

2. I didn't know it all went back to the conferences.

I thought some did but not all.

No wonder turning a blind eye on the eligibility of player or two per team is not unusual.

I think it was in 2010 when Va. Tech went to the Orange bowl they supposedly made $15M but some of that went to the ACC. Adding on to transporting and housing the team and band for a week the fact that they couldn't sell the required number of tickets and hotel rooms they actually lost money. This was in 2010 when things were just really starting to turn around and lots of alums/fans I know were tired of going to Miami not somewhere new.

[Iggo]

3. The world, to me, if there are a few and they're early in the tournament.

I haven't heard the word "brackets" the usual seven billion times in the last two weeks.

And that's silent music to my ears.

[ProfessorGAC]

4. Loyola Makes It To The Final Four?

And Nevada gets the same payout? The Mountain West is that much more important than the Mo Valley Conference? Not getting that.