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Postdoc
Posts: 3054
Reg: 10-20-14
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12-03-20 10:27 PM - Post#317560
In response to HARVARDDADGRAD
The Yale Daily News looks into how much money the conference could lose by skipping this season.
https://yaledailynews.com/blog/2020/12/03/with- no-...
- Any singular tournament game a team participates in will generate a “unit†for the conference, given for each qualifying team and for each additional game they win. Therefore, placing more teams in the field and having conference members successfully advance increases revenues.
According to Tony Weaver, professor of sports management at Elon University and a former college athletic administrator at several Division I schools, tournament units were initially created as a mode for the NCAA to “spread the wealth†without a blatant commercialization of college athletics.
“For every game a team wins in the NCAA men’s basketball tournament, they’re given a unit over a six-year rolling period,†Tony Weaver said. “A projected dollar amount of what it looks like it’ll be this year — 2021 units [will be] worth approximately $280,000 to $290,000 [per game], and that will be paid out over the next six years. … You’re talking about close to, say, 1.8 to 1.9 million dollars that the Ivy League earns for a game.â€
In 2016, for example, Yale’s victory over Baylor in the first round of the tournament earned them a chance to battle Duke in the round of 32 and also earned the Ivy League an additional unit, valued at around a million dollars, that is still being distributed to the conference.
As these tournament units add up, according to Tony Weaver, the NCAA will grant conferences these funds, which are then equally distributed across their membership, with few exceptions. He estimates that per unit, each one of the eight Ivy League schools will pocket approximately $225,000 to $230,000 total over a six-year period. -
- Although these funds are important for all participants in the tournaments, both Karen Weaver and Tony Weaver said that the Ivy League’s financial stability and other means of fundraising have made the cancellation of fall and winter sports not as “big of a hit†as it would be for schools in other conferences.
When asked about the possible effects of having no Ivy League teams in NCAA basketball tournaments this winter, Yale’s Associate Athletic Director for Strategic Communications Mike Gambardella explained Yale’s reasoning behind not participating and the significance of the money provided by the NCAA.
“We are not participating in the tournament because of a conference presidential decision due to health and safety concerns,†Gambardella wrote in an email to the News. “NCAA distribution dollars certainly play an important part in our financial forecasting [and] are used to assist us in a variety of ways including directly assisting our students in emergency situations where financial assistance may be needed.†-
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