The ACC is 12-1 in the NCAA Tournament with a record SIX schools in the Sweet 16. There is a still a chance at an ALL-ACC Final Four even without its 4th place finisher, Louisville, being in the 2016 NCAA Tournament.
But even though the Cards aren’t in the NCAA Tournament, it doesn’t mean that the school isn’t also profiting from the ACC’s good fortune. The Atlantic Coast Conference split the revenue generated from the ACC Tournament evenly throughout the league. Meaning that Boston College who went 0-16 in league play in 2016 will receive the same share as #1 seeds North Carolina & Virginia.
Games played in the NCAA Tournament count as units (except for the National Title Game) and each unit is worth $1.59 Million as funded by the basketball fund set aside by the NCAA in 1991. Each unit is paid out over the next 6 years to the league ($265,791 per year per unit from 2017-2022). Thus far the ACC has 13 units for 2016 (12-1) and with 6 schools in the Sweet 16 is guaranteed to earn 19 units worth a minimum of $30,300,174.
All 6 remaining ACC teams can advance to the Elite 8 (there are no head to head ACC match-ups in the Sweet 16) and there is a possibility for an All ACC Final Four. The maximum potential would then be 29 units for the rest of the tournament which would be a value of $46,247,634 to the league for a single year in the NCAA Tournament. For now though the conference’s take sits at $30M or $1.893M per school.
The record previous units earned in a single tournament was 24 units with the Big East in 2009 (Louisville was the #1 overall seed). Last year the ACC earned 21 units and will receive a payout from the NCAA of over $32.8 Million or just over $2 Million per school.