For Funsies: Conference Reallignment/Creation

[theyaintwantit]

Tidewater recruiting.

ODU doesn't get Tidewater athletes, heck VT doesn't get them like they used to.

 

[peacefulbonnie]

https://twitter.com/i/web/status/1450936165087985667

I'm reading into this a lot differently.

Correct me if I'm wrong, but the NCAA makes 70% of their yearly revenue off March Madness. They then proceed to use that $ to fund championships for olympic sports. NCAA keeps 80% of the $1B they make on the dance and the participating schools take only 20%.

Why shouldn't it be the other way around? College football isn't subjected to that, so why should college basketball?

Couple in the fact that the 1 seed gets the same payout as a 14,15 or 16 for participating in the first round. I can see why that would be annoying to Huggins and the like.

Tell the NCAA to renegotiate and have corporations sponsor the dance and have a tier system for 1st round payouts.

I don't necessarily think it means an NEC, MAAC, MEAC, etc wouldn't participate, but maybe they wouldn't get the same payout.

If Loyola of Chicago only got ~$8M for a trip to the Final Four while a team that wins the Sun Bowl gets $4M, you know something needs to change.

 

[BigE]

Gilesfan Hall of Famer Posts: 16,844 Joined: May 2012 Reputation: 100 I Root For: ODU Location:

Post: #295 RE: P5 Realignment Rumors - The Gift That Keeps On Giving I have a hard time believing our brand was stronger when we were a non football school playing in a regional based basketball only mostly one bid conference

 

[WillWeaverRVA]

Gilesfan Hall of Famer Posts: 16,844 Joined: May 2012 Reputation: 100 I Root For: ODU Location:

Post: #295 RE: P5 Realignment Rumors - The Gift That Keeps On Giving I have a hard time believing our brand was stronger when we were a non football school playing in a regional based basketball only mostly one bid conference

Believe it!

 

[share the ball]

I'm reading into this a lot differently.

Correct me if I'm wrong, but the NCAA makes 70% of their yearly revenue off March Madness. They then proceed to use that $ to fund championships for olympic sports. NCAA keeps 80% of the $1B they make on the dance and the participating schools take only 20%.

Why shouldn't it be the other way around? College football isn't subjected to that, so why should college basketball?

Couple in the fact that the 1 seed gets the same payout as a 14,15 or 16 for participating in the first round. I can see why that would be annoying to Huggins and the like.

Tell the NCAA to renegotiate and have corporations sponsor the dance and have a tier system for 1st round payouts.

I don't necessarily think it means an NEC, MAAC, MEAC, etc wouldn't participate, but maybe they wouldn't get the same payout.

If Loyola of Chicago only got ~$8M for a trip to the Final Four while a team that wins the Sun Bowl gets $4M, you know something needs to change.

2019 NCAA paid out $611 million to member institutions out of revenue taken in (closer to 60%)
most other goes to running NIT, other D1 Championships, D2 Championships and D3 Championships

 

[peacefulbonnie]

2019 NCAA paid out $611 million to member institutions out of revenue taken in (closer to 60%)
most other goes to running NIT, other D1 Championships, D2 Championships and D3 Championships

Still seeing 20%.

"This year, 68 teams got an invitation to play in the tournament. Each of those team’s conferences will get a piece of a pot of money known as the basketball fund. The fund was nearly $170 million in 2019, equating to about 20% of the TV ad money received by the NCAA."

How Much Does the NCAA Make Off March Madness?

The NCAA pulls in about a billion dollars each year in revenue from media rights fees, ticket sales, corporate sponsorships, and television ads.

www.investopedia.com

 

[GuardTheArc]

I'm reading into this a lot differently.

Correct me if I'm wrong, but the NCAA makes 70% of their yearly revenue off March Madness. They then proceed to use that $ to fund championships for olympic sports. NCAA keeps 80% of the $1B they make on the dance and the participating schools take only 20%.

Why shouldn't it be the other way around? College football isn't subjected to that, so why should college basketball?

Couple in the fact that the 1 seed gets the same payout as a 14,15 or 16 for participating in the first round. I can see why that would be annoying to Huggins and the like.

Tell the NCAA to renegotiate and have corporations sponsor the dance and have a tier system for 1st round payouts.

I don't necessarily think it means an NEC, MAAC, MEAC, etc wouldn't participate, but maybe they wouldn't get the same payout.

If Loyola of Chicago only got ~$8M for a trip to the Final Four while a team that wins the Sun Bowl gets $4M, you know something needs to change.

The NCAA works with, for, and on behalf of their membership (the schools). They take their direction from the schools (thru various committees). They are a non-profit “association” (like a neighborhood HOA in some respects) providing a much-needed service (running championships at many levels, creating and enforcing athletic standards/policy, etc).

They do 3 basic things with annual revenue.
1) Pay their annual operational costs (including salaries/insurance)
2) Contribute to “rainy day” (escrow) funds (as instructed) to help fund future projects/initiatives and or unexpected expenses
3) Distribute revenue/funds back to their membership

They do everything by direction from their membership (the schools).

At their core, they are an “event planner.” Overall, they are excellent at what they do.
Mark Emmert just got a raise and makes a lot of money, as do many “association presidents” of this magnitude/size.

 

[share the ball]

Still seeing 20%.

"This year, 68 teams got an invitation to play in the tournament. Each of those team’s conferences will get a piece of a pot of money known as the basketball fund. The fund was nearly $170 million in 2019, equating to about 20% of the TV ad money received by the NCAA."

How Much Does the NCAA Make Off March Madness?

The NCAA pulls in about a billion dollars each year in revenue from media rights fees, ticket sales, corporate sponsorships, and television ads.

www.investopedia.com

that 20% relates solely to the Basketball fund and is the only incentive payment they make based upon team performance
they distribute another 40% or so to member institutions not based upon participation in NCAA B ball tournament
NCAA admin costs run around 5% of total
sorry if I wasn't clearer - tried to find ncaa audited financial statements on line that show audited #s

 

[VCU Finance 2008]

If those teams leave C-USA, it's hard to see how the league survives with the geographical footprint of the remaining teams. I don't think UTEP and fodu want to be playing each other in home and homes every year in non-revenue sports.

Football is quickly becoming a non revenue sport for them as well.

 

[peacefulbonnie]

that 20% relates solely to the Basketball fund and is the only incentive payment they make based upon team performance
they distribute another 40% or so to member institutions not based upon participation in NCAA B ball tournament
NCAA admin costs run around 5% of total
sorry if I wasn't clearer - tried to find ncaa audited financial statements on line that show audited #s

Noted. I am not too educated on the payouts/finances of the NCAAT, so I do appreciate the clarification.

 

[Mercury]

It would be. Not sure what's attractive about ODU though.

ODU is the friend nobody wanted to invite to the party but hung around by the dorm exit long enough that he just ended up tagging along because nobody had the heart to say no.

 

[Bluey]

Dd

Hampton Roads really is an untapped large media market with only one FBS team in it, so it would be worth at least considering. Of course, that one FBS team really, really sucks…

i wouldn’t call Hampton Roads an untapped media market. I believe it is a very significant market for the ACC and the SEC to some extent. ODU or any other institution would have to make some BIG bets to breakthrough and become a relevant hometown team that could capture the attention from other way more established and better brands (UVA, VPI, UNC, NC State……). I think the strategic vision for ODU football probably had a notion that big time football would elevate their profile—but what the consultants seem to miss is that within a few years of ODU starting up their program, the economics at the upper end of college football accelerated exponentially— that is not an ideal situation for a startup in any industry. I guess the consultants missed a few things, seems like ODU got what they paid for by going with down market guidance.

 

[AlienAiden]

You know that Memphis did not want to tweet this

https://twitter.com/i/web/status/1451189264721403921

 

[mrgeode]

You know that Memphis did not want to tweet this

https://twitter.com/i/web/status/1451189264721403921

The tiger looks oddly resigned and low energy in this pic

 

[AlienAiden]

The American saw the value in North Texas' Top 100 NET ranking.