(06-12-2019 04:27 PM)bullet Wrote: There's zero reason to split football. If there is a split, its because of basketball where the NCAA controls the money.
That's right. The NCAA doesn't just control the March Madness money. The NCAA siphons off an outrageous percentage of that money instead of giving it directly to the participating teams/conferences. This is how outrageous it is:
The current CBS/Turner TV contract pays the NCAA $10.8 billion over 15 seasons -- an average of $720 million per year.
For the 2019 tournament, for each "unit", the NCAA pays the team/conference that earned it $1.68 million spread out over 6 years -- meaning that the NCAA is making a ton of money on the interest accrued, when they should be paying the whole amount at once to the teams/conferences.
And even if the NCAA was paying each "unit" as a lump sum, it's not nearly enough money compared to how much the NCAA keeps. There are 134 units paid out, teams earn a unit for being in the tournament and one more for each game they win except the national final. That's 134 units, meaning that, even if the NCAA paid in a lump sum, they would be paying the participating teams/conferences a total of $225,120,000, or only about 31% of what the NCAA gets from CBS/Turner.
As I said, outrageous. And ripe for a breakaway, to get more money in the hands of the teams/conferences generating the value.
What would a fairer distribution look like? How about lump sum payments of $5 million for each team that makes the tournament but loses before the first Saturday/Sunday, and an additional $3 million for making it each round further, up to the final where each finalist would get $20 million. Sounds much better, right? Guess what, it's still not enough. That distribution would mean $526 million per year distributed to the participating teams/conferences, leaving the NCAA
still withholding about $200 million per year.