I know football is the biggest driver, but if we end up with 4 big conferences, could they hold their own basketball tourney and add more major money to the pot.
If you say all teams with 500 conference record qualify and then add schools from other conferences to get a 48 or 64 team tourney, you have replaced March Madness.
The NCAA gets $1 billion a year now for March Madness. Even if you get say 60% of that you have $600 million to spread across 4 conferences and whatever money you throw to the schools to fill out the bracket.
The added benefit is this for sure puts the final nail in the NCAA coffin as March Madness is their main revenue driver. CBS has March Madness now, but Fox and ESPN could bid on this tourney.
This will not happen in 2 or 3 years, but maybe in 5 years. Between football and basketball you could generate 80 to 100 million a year in media rights. Essentially you would endow the athletic departments.
If you say all teams with 500 conference record qualify and then add schools from other conferences to get a 48 or 64 team tourney, you have replaced March Madness.
The NCAA gets $1 billion a year now for March Madness. Even if you get say 60% of that you have $600 million to spread across 4 conferences and whatever money you throw to the schools to fill out the bracket.
The added benefit is this for sure puts the final nail in the NCAA coffin as March Madness is their main revenue driver. CBS has March Madness now, but Fox and ESPN could bid on this tourney.
This will not happen in 2 or 3 years, but maybe in 5 years. Between football and basketball you could generate 80 to 100 million a year in media rights. Essentially you would endow the athletic departments.
