The value of a unit for the men's NCAA tournament this year is $341,802. The value changes by the year, but that means a payout of nearly $2 million for the NEC and the SWAC over the next six years by Wagner and Grambling State winning in the First Four.

— Pete Thamel (@PeteThamel) March 21, 2024

I know I'm demonstrating my ignorance but what is meant by a "unit" here?

historian said:

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I know I'm demonstrating my ignorance but what is meant by a "unit" here?

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Don't feel lonely. You are not the only one needing help with the lingo!

Up to this point, Bu has added $680,000 and some change to the B12 coffers. Lets keep going.

The big dance is good to our conference.

Thanks

historian said:

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I know I'm demonstrating my ignorance but what is meant by a "unit" here?

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I thought this was the Callipari thread and a typo on eunuch.

What does the "six years" mean??

It's paid out over six years.

Thank god the big 12 doesn't have to do this for football. We'd be broke.

beardoc said:

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It's paid out over six years.

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It is still unclear. If $341-K is paid out over six years, then it's still just $341-K per team, with 1/6th each year. Times two, for two schools.

Only if each team gets $341-K EACH year for six years (just for making the Dance once) do the numbers add up. Do Grambling and Wagner each get $1-M (not $341-K) based on qualifying this year? And $1-M per schools then is doled out over a six-year span??

It goes to the conference. We get to keep UT's money for the tournament.