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Only because the NCAA takes all the profits from bb
Posted on: December 1, 2016 at 09:12:28 CT
FIJItiger MU
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If conf realignment concludes and there are only 4 major conferences in the near future and those conferences set up their own tourney instead of the NCAA tourney, it becomes extremely profitable to the individual schools again.
http://www.dallasnews.com/sports/college-sports/ncaa-tournament/the-scene/20140403-inside-final-four-finances-cuban-ncaa-tournament-won-t-get-fat-like-nfl.ece
Last year, tournament multimedia rights accounted for more than $680 million of the NCAA’s nearly $913 million in total revenue. With long-term agreements that dictate ever larger rights payments over the next decade, the tournament should continue to be a major financial success.
Yet, the NCAA remains cautious, precisely because so much of its revenue comes from a single source. In one of the organization’s financial filings, it states that a long-term goal is building its investment holdings so that they can support a year of operations and maintain a substantial portion of the NCAA’s distributions to its largest members.
Through the men’s tournament, the NCAA accounts for much of the big money in big-time college sports, but not nearly all. Major conferences make their own TV deals for regular-season football and basketball games. Postseason football has a separate structure, also worth billions.
Those latest agreements have built-in price escalators. From 2019 to 2024, according to NCAA financial reports, CBS and Turner will pay an average of $850 million a year. Over that span, ESPN will pay an average of nearly $43 million a year. That’s almost $900 million combined, not counting revenue from ticket sales, investments and contributions.
This year, each appearance by a team — except in the final — is worth roughly $250,000 a year over a rolling six-year period to the team’s conference.
Edited by FIJItiger at 09:20:48 on 12/01/16
http://www.dallasnews.com/sports/college-sports/ncaa-tournament/the-scene/20140403-inside-final-four-finances-cuban-ncaa-tournament-won-t-get-fat-like-nfl.ece
Last year, tournament multimedia rights accounted for more than $680 million of the NCAA’s nearly $913 million in total revenue. With long-term agreements that dictate ever larger rights payments over the next decade, the tournament should continue to be a major financial success.
Yet, the NCAA remains cautious, precisely because so much of its revenue comes from a single source. In one of the organization’s financial filings, it states that a long-term goal is building its investment holdings so that they can support a year of operations and maintain a substantial portion of the NCAA’s distributions to its largest members.
Through the men’s tournament, the NCAA accounts for much of the big money in big-time college sports, but not nearly all. Major conferences make their own TV deals for regular-season football and basketball games. Postseason football has a separate structure, also worth billions.
Those latest agreements have built-in price escalators. From 2019 to 2024, according to NCAA financial reports, CBS and Turner will pay an average of $850 million a year. Over that span, ESPN will pay an average of nearly $43 million a year. That’s almost $900 million combined, not counting revenue from ticket sales, investments and contributions.
This year, each appearance by a team — except in the final — is worth roughly $250,000 a year over a rolling six-year period to the team’s conference.
Edited by FIJItiger at 09:20:48 on 12/01/16
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Only because the NCAA takes all the profits from bb - FIJItiger MU - 12/1 09:12:28