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Thread: NCAA Slashes Distributions

  1. #1
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    Default NCAA Slashes Distributions

    Surprised any $$$ is being distributed. Lucky the NCAA has a cancel-events/tournament insurance policy.

    https://www.espn.com/college-sports/...n-schools-375m




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    Yeah, we're "The Champs," uh-huh!

  2. #2
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    From the Spokesman-Review: https://www.spokesman.com/stories/20...ill-take-a-hi/
    Gonzaga’s athletic department budget will “take a hit” with diminished NCAA Tournament payout

    The West Coast Conference enjoyed one its finest regular seasons and was poised, led by second-ranked Gonzaga, to make more noise – and serious dollars – in the NCAA Tournament.

    But the coronavirus pandemic canceled March Madness, which in turn wiped out a huge chunk of NCAA-distributed revenue counted on by athletic departments across the country.

    The NCAA will distribute $225 million – $50 million from its reserve fund and the rest from a $270 million event cancellation insurance policy – compared to a projected $600 million payout.

    Of the $225 million, $53.6 million will be split evenly among 32 Division I conferences ($1.675 million per conference). The NCAA hasn’t specified how the remaining $171.4 million would be dispersed.

    “We won’t know budgetarily the impact probably for a couple of months,” Gonzaga athletic director Mike Roth said. “But there’s no doubt we’re going to take a hit.”

    Roth said he should know more after a WCC conference call next week.

    March is usually the best time of the year for Gonzaga, its fan base and its athletic department coffers. The Zags have qualified for 22 consecutive NCAA Tournaments and they’re the only program nationally to make at least the Sweet 16 each of the previous five years.

    “Our run into March every year is a big giving time, a time when our benefactors really step up and help us at significant levels,” Roth said. “It’s the time of year when we get NCAA revenues, the time of year when our sponsors and advertisers through (multimedia rights holder) Learfield IMG get the best bang for their buck.”

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