For the 2007 NCAA tournament, the Big East will be receiving $14,856,576, based upon 84 shares earned from 2001-2006 at $176,864 per share. 84 shares = 10 from 2001 + 12 from 2002 + 14 from 2003 + 16 from 2004 + 13 from 2005 + 19 from 2006.
For 2008, each share will be worth approximately $191,000. If the Big East can earn 16 shares this year, with 10 dropping off from 2001, next year's take would be 90 shares x $191,000 = $17.2 million. Conferences earn one share for each tournament bid and one for every win in the tournament except play-ins and games in the Final Four.
The value of shares is expected to increase to $206,000 in 2009, $223,000 in 2010, $240,000 in 2011, $260,000 in 2012, and $280,000 in 2013 based upon the current CBS contract that expires after the 2013 NCAA tournament.
As time goes on, hopefully the conference will be able to average 16+ shares per year with its new membership, which will ultimately give the Big East an average of 100 shares per year. Remember, the former C-USA schools had to leave their shares behind, as did the ACC defects. If the Big East was using the shares earned by its current members only, it would have 102 shares for 2007, worth approximately $18 million. With the huge increases in the value per share budgeted over the next seven years, the Big East's revenues from the Basketball fund would be approximately $28,000,000 for the 2013 tournament if it had 100 shares at that time.
Note that all of this money is over and above travel expenses, which are funded from a separate account.
Finally, based upon the budgeted value of Basketball Fund shares, each bid, and each tournament game won this year (excluding play-ins and Final Four games) will be worth $1.4 million over the six year life of the share created by such bid or win ($191,000 + $206,000 + $223,000 + $240,000 + $260,000 + $280,000). So, go everybody!
Last edited by orangefan on Wed Feb 21, 2007 1:09 pm, edited 1 time in total.