so 1.3 billion divided by 12 schools? School gets half, conference splits the other half?
I posted this in another thread a few weeks ago. I have updated it now that we know what the numbers are. Still a lot of conjecture here, but this is very much what it will be like:
Here is a very quick rundown on how the money likely gets split - this is based on the current model and March Madness.
- Total Pot = $1.3 billion.
- Peel off $300 million for administration costs and payments to the G5 teams as a whole and maybe to the schools under that. The G5 currently gets 20% of CFP money. So, G5 gets 260 million (20%) and 40 million for admin costs.
- $100 million split between the P5 - $25 million for each conference. This might be a larger number ... say, give each conference $100 million. But I'll go with a base of $25 million per conference.
- That leaves $900 million that goes to the shares that go to the conferences based on performance.
- You get a share for the following:
1. Each team that gets in gets a share - 12 shares.
2. Round 1 - 8 shares - 1 to each of the 4 winners, 1 to each of the 4 byes.
3. Round 2 - Elite 8 - 1 share to each of the 4 winners.
4. Round 3 - Final 4 - 1 share to each of the 2 winners.
4. Round 4 - NC - 1 share to the winner
That's a total of 27 shares. $1.3 billion / 27 shares = $33.3 million per share.
Here are some scenarios:
Winning team - 5 shares, or $166.5 million.
A team that gets in but loses in the first round - $33.3 million
Runner-up - $133.2 million
A conference that gets four teams in has the winner, a first-round loss, a second-round loss, and a third-round loss - 11 shares, $366.3 million.
A conference that gets five teams in has both teams in the NC, a 2nd round loss, and a 3rd round loss (this is likely the max scenario) - 14 shares - $466.2 million. For the SEC, that's $29.14 million per team, a little less after expenses, and if they let the teams that got in keep a little.
This is why I think that FSU is crazy to want to get out of the ACC. Instead of being the pricks they are, they should negotiate with the ACC to get a greater share of the CFP money. Why should FSU get a 15th share, the same as BC or Syracuse? Say you will stay in, but you want 50% of your shares. Win the NC and get to keep $83.25 million. They would get $16.6 million for getting in and another $16.6 million for each win.