Tournament Credits

[xubrew]

I believe that the Big East has always done an even distribution of NCAA credits to all the teams in the conference. I suspect that this would continue. If we could routinely get 5 teams in the tournament (and all win a few games) this could turn into decent pot of cash.

If I am remembering correctly, the C7 kept the credits they earned previously, but not sure about the new 3. My guess is they left their credits with the A10.

It's an NCAA rule that if a team leaves a conference, or if a conference disbands, they forfeit whatever credits they have not claimed. Since they're paid out over a six year period, Butler isn't seeing a good portion of the money they earned for the Horizon League.

If the C7 kept the credits, they would have had to file a waiver to be able to do so.

[redmen9194]

The C-7 negotiated retaining their NCAA credits. Whether those payments come directly from the NCAA or the American makes the pay out I am not sure but the units were worth about $7.25 million dollars not counting units earned in 2013 by Marquette, Nova and Georgetown. The previous units were earned by Marquette, Nova, G'Town mostly with St. John's adding in for 2011. Those credits along with the group retaining $10,000,000 from the exit fees of some of the football schools gave the conference a startup pool of about $17,000,000. (Note the NCAA credits are payable over a six year period by the NCAA so not all the money was payable already.) I do not believe there was any type of entrance fee for the new schools so the start up money was probably about $11,000,000 or so. The old Big East would split all television revenue equally - as the current group is doing. However, NCAA credits were not split evenly. (This was an issue for Miami when they left in 2003. They liked that the ACC split all revenue from TV, Bowls and NCAA credits evenly. At the time, Mike Tranghese said the Big East was capitalist and the ACC socialist). The Big East had a formula for distributing NCAA credits in that the schools that were responsible for earning them took a greater share - but everyone got a piece. I do not know how the credits are being distributed now but I would assume it is being done as it was in the past.