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Say what you will about Swoffy, but hard to argue he hasn’t built an empire of a basketball league:
The Atlantic Coast Conference will set a record for units earned in an NCAA men’s basketball tournament and shatter the record for most money earned from the NCAA’s Basketball Fund.
ACC teams have gone 16-3 in the tournament, and four teams remain in the Elite Eight: North Carolina, Notre Dame, Syracuse and Virginia. The conference is guaranteed to have two Final Four teams.
8:11 AM ET
Darren Rovell
ESPN Senior Writer
The Atlantic Coast Conference will set a record for units earned in an NCAA men’s basketball tournament and shatter the record for most money earned from the NCAA’s Basketball Fund.ACC teams have gone 16-3 in the tournament, and four teams remain in the Elite Eight: North Carolina, Notre Dame, Syracuse and Virginia. The conference is guaranteed to have two Final Four teams.
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Each game played in this year’s tournament is worth $265,791. That money is paid out in each of the next six years (2017-22), with the number for each game, or unit, growing each year of the payout. That puts the total value of a game played in this year’s tournament at more than $1.59 million.Through Friday night, ACC teams have earned 23 units, counting their Elite Eight games. They will earn another two from the Final Four, putting the total at 25 units. That’s where the conference will finish, because no units are awarded for the title game. The previous record for the most units earned in a single NCAA tournament was 24 by the Big East in 2009.
The units are worth at least $39.9 million. The ACC guaranteed itself at least $32.8 million from the 21 units it brought home in last year’s tournament.
ACC teams split the money received from the basketball fund, which was devised 25 years ago to redistribute the money brought in by television deals. The latest deal with CBS and Turner is a 14-year, $10.8 billion contract that will pay the NCAA a $740 million fee this year.
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