Apparently the parties liked that deal so much, they didn't even get halfway through their initial deal before a huge multibillion dollar extension.

So, the NCAA now makes over a billion dollars per year from the TV rights to its basketball tournament starring unpaid basketball players. And that doesn't include the money it makes from other media rights and ticket sales.

How much TV money does March Madness make?

Now they'll be making a billion dollars from the TV rights to a tournament starring unpaid basketball players. That's pretty ridiculous, huh? However, the NCAA would like you to know that it is good and normal for an organization to make a billion dollars from the TV rights to a basketball tournament starring unpaid basketball players, because they are nice.

As with the current and previous contract, more than 90 percent of the revenue generated from this extension will be used to benefit college athletes through programs, services or direct distribution to member conferences and schools. But when you break down that phrasing, it doesn't really check out. For starters, they're arguing all money that's part of "direct distribution to member conferences and schools" is included in that "90 percent.

ESPN and the Indy Star have broken down exactly how the organization redistributes money to its members. By lumping this in under money "used to benefit college athletes," the NCAA is implying every penny that it gives to schools helps players. But we know that this is not the case. The NCAA is arguing that every penny spent by schools helps student athletes.

how much money does ncaa make off of march madness

How can money paid to a coach or search firm benefit student athletes? I don't know how you could consider this money to benefit student-athletes, but it seems like the NCAA hopes you think it does. The NCAA also counts all the money it has going towards "programs" and "services" as beneficial towards college athletes.

To be fair, this is kinda true. This is the most reasonable thing the NCAA does, and it's far from perfect. You could argue it just underscores how bad it is that athletes don't get money unless they seriously need it. Anyway, the NCAA says 90 percent of its cash goes to benefiting student-athletes.

That's a freakin' awful argument. It's bad enough for the NCAA to hold a billion-dollar event without paying the people that make it happen. It's even worse when they try to make it seem like they're generous for doing it.

March Madness Stats & Fun Facts | WalletHub®

Log In or Sign Up Log In Sign Up. Blogs Video NBA All NBA Atlanta Hawks Boston Celtics Brooklyn Nets Charlotte Hornets Chicago Bulls Cleveland Cavaliers Dallas Mavericks Denver Nuggets Detroit Pistons Golden State Warriors Houston Rockets.

Indiana Pacers Los Angeles Clippers Los Angeles Lakers Memphis Grizzlies Miami Heat Milwaukee Bucks Minnesota Timberwolves New Orleans Pelicans New York Knicks Oklahoma City Thunder Orlando Magic Philadelphia 76ers.

Phoenix Suns Portland Trail Blazers Sacramento Kings San Antonio Spurs Sonics Rising Toronto Raptors Utah Jazz Washington Wizards D-League and International NBA Odds WNBA and NCAA WBB. All NHL Anaheim Ducks Arizona Coyotes Boston Bruins Buffalo Sabres Calgary Flames Carolina Hurricanes Chicago Blackhawks Colorado Avalanche Columbus Blue Jackets Dallas Stars Detroit Red Wings. Pittsburgh Penguins San Jose Sharks St. Louis Blues Tampa Bay Lightning Toronto Maple Leafs Vancouver Canucks Vegas Golden Knights Washington Capitals Winnipeg Jets Fantasy Hockey NHL Odds.

All MLB Arizona Diamondbacks Atlanta Braves Baltimore Orioles Boston Red Sox Chicago Cubs Chicago White Sox Cincinnati Reds Cleveland Indians Colorado Rockies Detroit Tigers Houston Astros. Kansas City Royals Los Angeles Angels Los Angeles Dodgers Miami Marlins Milwaukee Brewers Minnesota Twins New York Mets New York Yankees Oakland Athletics Philadelphia Phillies Pittsburgh Pirates San Diego Padres.

San Francisco Giants Seattle Mariners St. MMA Fighting Bloody Elbow MMA Fighters.

how much money does ncaa make off of march madness

MMA Fight Schedule MMA Mania MMA Rankings. All NFL Arizona Cardinals Atlanta Falcons Baltimore Ravens Buffalo Bills Carolina Panthers Chicago Bears Cincinnati Bengals Cleveland Browns Daily Fantasy Football Advice Dallas Cowboys Denver Broncos Detroit Lions.

Green Bay Packers Houston Texans Indianapolis Colts Jacksonville Jaguars Kansas City Chiefs Los Angeles Rams Miami Dolphins Minnesota Vikings New England Patriots New Orleans Saints New York Giants New York Jets. Oakland Raiders Philadelphia Eagles Pittsburgh Steelers San Diego Chargers San Francisco 49ers Seattle Seahawks Tampa Bay Buccaneers Tennessee Titans Washington Redskins Fantasy Football NFL Mock Draft NFL Odds.

All CFB Advanced College Football Stats College Football Odds. College Football Recruiting Every Day Should Be Saturday View team list.

March Madness: Follow the money - CBS News

All Soccer German Bundesliga English Premier League. Italian Serie A MLS NWSL. Odds Spanish La Liga View team list. College Shop MLB Shop NASCAR Shop.

How much does the NCAA make off of March Madness

NBA Shop NFL Shop NHL Shop. Soccer Shop UFC Shop.

The NCAA's new March Madness TV deal will make them a billion dollars a year New, 3 comments. Next Up In College Basketball Ohio State hires Chris Holtmann as new head basketball coach The Cameron Johnson transfer saga shows where the real power is in college sports Louisville gets the shooter it desperately needs with 5-star recruit Brian Bowen R.

Barrett is the high school star who carries Canadian basketball on his shoulders college basketball top An updated look at next season's top teams. This Article has a component height of The sidebar size is long. Terms of Use Privacy Policy Communications Preferences Contact Have a News Tip? Community Guidelines Masthead Browse Blogs About SBN Company Blog Blog Openings Guiding Principles All Systems Operational Check out our status page for more details.

inserted by FC2 system