NCAA Tournament: It's about money, too
Friday, March 26, 2010
By Bill Rabinowitz
THE COLUMBUS DISPATCH
Paydays for the Big Ten
* $242,729: Amount each Big Ten school will receive in each of the next six years based on the conference's performance in the 2010 men's NCAA Tournament so far
* $1,395,692: Amount each Big Ten school will receive this year based on the conference's performance in the past six tournaments
* $1,863,000: Approximate amount each Big Ten school received based on the conference's appearances in football bowl games this past season
* $0: The amount of extra cash the NCAA champion receives
The Ohio State men's basketball team is playing for more than glory these days.
The Buckeyes also are competing for financial gain - theirs and their Big Ten brethren's.
For each victory they and fellow Big Ten teams accrue in the NCAA Tournament, they will earn an additional $20,227 for each of the next six years.
That's based on a formula that this year awards a conference $222,502 for each team it has in the tournament and the same amount for every victory its teams earn through the national semifinal round. There's no additional benefit for winning the national championship.
The Big Ten divides its proceeds evenly among its 11 members.
"At this time of year, we're all rooting for the other teams in our conference," said Ben Jay, OSU's senior associate athletic director for finance and operations.
Already this March, the Big Ten has accumulated 12 units, as they are called. Minnesota got one for making the field. Wisconsin earned two for winning its first-round game. Ohio State, Michigan State and Purdue have earned three apiece for reaching the regional semifinals.
"We want Michigan State and Purdue to be successful because they add to our bottom line," Jay said. "That's important because we need this as a revenue source."
This year, the Big Ten will be paid based on the 69 units earned the previous six years, which will be worth $15,352,609. Ohio State's share will be $1,395,692. This year's Big Ten performance will be factored in the unit count for the next six years.