WVU’s NCAA run worth $4.8 million to Big 12

WVU’s NCAA run to the Sweet Sixteen was worth $4.8 million to the Big 12, which divides the money equally among its 10 schools.

The payments are split into sixths and rolled out for six years.

The NCAA will dish out $199 million to the conferences for this season's March Madness. Every game that a conference’s team plays brings in about $1.6 million.

The Big 12, ACC, Big East, Big Ten, Pac-12 and SEC have 20% of the teams in Division I, but get 60% of the March Madness payout -- $1.6 billion over 24 years.

Since every team in the conference gets the same amount of payout, Northwestern has received $24.5 million – the same as Ohio State and Michigan State – even though the Wildcats haven’t been in the NCAA tournament since 1939.

Kansas has earned $66 million for the Big 12, but got $24 million as its equally divided payout.

It also helps if a conference has teams that play a lot of March Madness games, but only have to split it 10 ways, as in the Big 12, compared to a 14-way split in the SEC. Even with a lower conference total, the per-school pots can be larger.

To read the long and complex article, click on http://www.bloomberg.com/graphics/2015-march-madness-basketball-fund/