The Colonial Athletic Association will get a handsome check — a payday that could increase — with three teams in the NCAA tournament for the first time.
CAA commissioner Tom Yeager said the conference will get at least $750,000 — $250,000 for each team — from the NCAA for the next year six years for getting VCU, Old Dominion and George Mason into the tournament. Another $250,000 will be added for each win those teams accumulate. The NCAA bid means VCU will get at least $350,000 next year from the CAA under a complicated revenue-sharing formula.
The Rams received just under $200,000 this year, Yeager said. The conference gets a check from the NCAA each season based on its performances in the NCAA tournament the previous six years.
Forty percent of that goes into the CAA's "excellence pool," which is divvied up based on shares that teams accumulate. The other 60 percent is divided equally among the conference's 12 schools.
VCU's First Four win netted us an extra $11K last night.
Long story, short: Root for CAA teams!
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