It's a matter of resources. They haven't made the investment in the past because they don't have the money.
I think people are unaware or overestimating how much of a financial windfall the school and athletic department will get from this tournament run. They'll have some money, yes, but it's overall split amongst the rest of the MAAC. And it's not recurring cash - they don't suddenly have an extra $1 million to spend every year. They'll have maybe $1 million, if that, to spend on one-time payments.
Here's the details...
"Saint Peter's athletic director Rachelle Paul said the school's basketball operating budget, which does not include coaching salaries, is less than $250,000 and the lowest number, by far, in the Metro Atlantic Athletic Conference.
Paul added that Saint Peter's accomplishment and accompanying financial uptick are "unprecedented." MAAC commissioner Rich Ensor, who is a Saint Peter's graduate, acknowledges this but said there's unlikely to be a windfall headed Saint Peter's way.
Ensor said the ultimate decision on how to fairly compensate Saint Peter's is something that he'd have to "take up with my board," which is made up of MAAC presidents. Ensor said there's already a distribution system in place that allows for a "modest" slice of money for teams that have won in the tournament. The rest of the excess money is expected to be dedicated toward improving basketball in the league."
The Metro Atlantic Athletic Conference stands to make more than $8 million from St. Peter's NCAA tournament run, but MAAC Commissioner Rich Ensor doesn't expect a 'jackpot' for the Peacocks.
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