The ACC Just Made A Ton Of Money In The NCAA Tournament

By on April 8, 2015 in ArticlesHow Much Does

After beating the Wisconsin Badgers 68-63, the Duke Blue Devils cut down the nets in Indianapolis, and are national champions for the fifth time under coach Mike Krzyzewski. But even if the Blue Devils had lost by 50 points, they still would have helped the ACC score a huge amount of money. Thanks to a 17-5 record in the NCAA tournament, the ACC will make a minimum of $32.8 million over the next six years.

Every team who plays in the NCAA tournament earns a "unit" for its conference. And each game played counts as a unit, except for the championship game. So unsurprisingly, tournament success leads to more money.  The ACC rode an incredible 11-1 start to the tournament, meaning all of its six teams played at least two games.

(STREETER LECKA/GETTY IMAGES

(STREETER LECKA/GETTY IMAGES

The units are paid out over the next six years following a tournament. Money earned from games played this year will start going to conferences in 2016, and will be paid out through 2021, with the money increasing each year. Next year's units are worth $260,525 apiece, which means each game was worth a minimum of $1.56 million. Through the Sweet 16, the ACC had earned $28 million for itself over the next six years, and with Duke reaching the title game, it became the first conference to earn more than $30 million in a tournament.

The conference splits its units evenly among its members, so everyone will benefit. Just a capper on a great tournament run by the conference's best team.

The NCAA's basketball fund was founded in 1991 as a way to split the tournament television money–at the time, that was worth $143 million a year. This year, thanks to a 14-season, $10.8 billion deal signed with CBS and Turner in 2011, television revenue is worth $771 million.

Here's a look at how much money some of the other conferences earned this year, along with their tournament record.

Big 10 (12-7): $28.08 million

Pac 12 (8-4) and Big 12 (5-7): $18.72 million

SEC (6-5) and Big East (5-6): $17.16 million

Missouri Valley (3-2), West Coast (3-2) and Atlantic Ten (2-3): $7.8 million

Articles Written by Joey Held
If there's a story anywhere in the world of music, sports, or entertainment, Joey wants to tell it. He's been freelancing since 2010, and prior to that, he attended the University of Miami, where he double majored in broadcast journalism and sport administration. A Chicago native, Joey currently resides in Austin, TX. Follow him on Twitter and Google+ and always feel free to suggest a song for his next karaoke performance.
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