The 2016 NCAA Tournament has been great for the ACC, as the conference has six teams in the Sweet Sixteen and could profit greatly as a result.
According to ESPN, at this point, the ACC is set to make at least $30 million as a result of its teams’ success in the big dance this year and also went into further detail regarding the financial breakdown.
“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. When multiplied times six, the total worth of a game played in this year’s tournament will be at least $1.59 million.
“That means the ACC has 13 units from 13 games played and is guaranteed another six units from Sweet 16 games. Nineteen units will add up to more than $30.3 million over the six-year payout.”
And how strong the ACC has looked this year indeed. Duke is back in the Sweet Sixteen despite being down some key players and is in a position to return to the Elite Eight if it upsets No. 1 Oregon on Thursday, while Miami has a date with No. 2 Villanova and is looking to set a new program high in reaching the Elite Eight.
North Carolina and Virginia are both No. 1 seeds and in strong contention for a national championship, so this year’s tourney has the potential to be the year of the ACC.
More money means more top recruits heading to ACC programs, so the fast-paced conference is certainly reaping the benefits.
*Featured Photo (above) credit to USA TODAY Sports