Do colleges get paid for making the Sweet Sixteen, Elite Eight, etc.?

Question

If so, how much?

Answer 1

i believe what happens is that all of the conferences get a lump sum at the begining of the tourney. as a school in a particular conference progresses that pool of money increases un till that school either wins the tourney or gets knocked our. once the tourney is over the money is handed out to the conferences and then its up to the conference to pay out to the schools for their participation or it can be kept in a rainy day fund for the schools use when they need it . im not positive about this but i believe that i was told once by a pac 10 official that this is how it works.

Answer 2

I believe that school's get money to go towards scholarships in the athletic departments by tournaments sponsors. I do know that coaches get bonuses depending on how far they advance in the tournament despite a lost when they get there. Don't know where the money comes from though. I heard some coaches are expecting up to $400,000 bonus for making it to the final four.Also, the coaches pay might rise by the athletic department because a winning team helps with recruiting. This is all I know.Hope you find your answer

Answer 3

no final four and the championship but some conferences do what they call sharing like the big ten no matter who wins they all share the money to make all the teams better

Answer 4

yes they get part of the revenues made by the colleges which hold them and then the place that holds the final 4

Answer 5

yes - TV revenue for how far they go I think