Let's talk $$$

[CAPitt]

What's the additional revenue numbers since UVA wins vs Tech?

 

[Joe the Panther Fan]

Additional revenue for who?

 

[CAPitt]

ACC revs.

 

[CAPitt]

Should be a trickle down right? Kind of embarrassed i didn't already know this.

 

[pitt-girl]

Actually another poster rightfully pointed out that these championship wins if nothing else boost the ACCN going forward and THAT is $$$$$ for Pitt.

(Edit: @PittMan 72)

 

[Joe the Panther Fan]

ACC revs.

The conference gets one "unit" for every game that a team from that conference plays in the NCAA tournament. I'm not sure if there is a difference between making the championship game and winning versus making it an losing, because both Virginia and Texas Tech played the same number of games. But each unit is worth something around $280,000 at this point. And conferences get paid out for each unit every year for six years. So that one unit worth $280,000 this year will eventually bring in $1,680,000 (plus inflation). But that isn't just for Virginia, that's for every ACC team that played a game in the tournament.

Needless to say, the ACC makes a ton of money each year on NCAA tournament units.

 

[PA_Panther]

What's the additional revenue numbers since UVA wins vs Tech?

Believe it or not nothing extra from the NCAA basketball fund. Units awarded to conferences don’t get paid out for championship game. Which if you think about is kinda rediculous. For anyone interested here is a really good article breaking down business side of where all the money goes from the NCAA Tournament yearly.

https://www.washingtonpost.com/graphics/sports/ncaa-money/?noredirect=on