isumvc1 wrote:Khan4Cats wrote:isumvc1 wrote:how much $ is each NCAA unit worth this year? I am guessing over $250,000?
I thought it was over $1 million per share, divided out among the conference.
nah, each "unit" is in the neighborhood of $250,000, I don't know if it's more or less?? Now if you're referring to the 4 year rolling time period, then yes, over one million dollars is correct.
Each unit is paid out over 4 years right?
Last year the MVC earned 2 units from WSU, the year before (with the WSU final 4 run and Creighton's unit, what'd we get, like 6 units??)
Not sure how much we got in 2012, 2011 was just one from the Sycamores.
According to Forbes, each individual unit is $260,525, and this quote explains it better than I can:
From 2012 through next year, the value of a basketball unit has risen by anywhere between 1.1% to 4.2% year-over-year, with the average growth at 2.1%. Assuming that average rate continues for the immediate future, a basketball unit will be worth $2.89 million in 2020, the final season in which units won at this year’s tournament will pay out. And across those six seasons a single unit will have paid out a total $1.65 million.
Basically you're both right. A unit is worth $260.5, but a single NCAA tournament game pays a single unit for six consecutive years, so $1.65 million over the length of it.
So WSU and UNI have thus far earned the Valley $6.6 million over the next six years, by my understanding. I also believe WSU and UNI have now combined to earn the Valley the same amount of units that the Valley got for WSU's Final Four run. Getting multiple teams in is SO important.
