Yeah.....thats just not true at all. Laughably false even.
Basketball:
Every 2017 Tournament game a school participates in will earn their conference just north of $1.7 million -- money paid out in rolling installments over the course of the next six years. This season, each 'unit', as they're known, is worth right in the neighborhood of $265,000. Next year's units are projected to be around $272,620, and they will continue to grow at around the same rate for years to come. Participation in a single game will earn your conference a single unit, per year, for the next six years. Play in two games, earn two units per year for your conference for the next six years. Three games? Three units. Etc. Teams earn their conference six units for every tournament game besides the championship, for which no units are distributed.
SEC made $27 million on the NCAAT last year.
Football:
$54 million base payout (which includes $300,000 for each team which meets the NCAA’s APR for participation in a post-season football game)
$6 million for Alabama’s berth in seminfinals
$6 million for Georgia’s berth in the semifinals
$4 million for Auburn’s berth in the Peach Bowl
Total: $70 million
Note on the SEC’s revenue distribution model: For bowl games with receipts of $4,000,000 – $5,999,999, the participating team retains $1.5 million, plus a travel allowance determined by SEC. For bowl games with receipts of $6 million or more (including all College Football Playoff games), the participating team receives $2.025 million, plus a travel allowance determined by the SEC. If an SEC team makes it to the championship game, it receives another $2.125 million, plus travel allowance.
SEC made $70 million on football bowls last year.
What that means is we made the SEC about $1 million this fiscal year in basketball. Yes its going to be $6 million eventually and we will probably make a deep run this year and continue to compound our contribution. But the same logic holds true for bowl games by making them each year. Even if we dont, 9 SEC teams minimum normally do, which we get a cut of. We got $2.75 million for the Music City bowl alone. I mean thats almost triple basketball, and its off of just one game, not multiple. And if we bowl again next year the same holds true which is why its important to note that the $6 mil is over 6 years not 1.
Im sorry but I dont get how you can imply the basketball revenue is remotely even in the same stratosphere as what football generates. I mean....its not even close.