Following this year's NCAA Tournament, the ACC is set to rake in more than $100 million in payouts since 2015.
This year's NCAA Tournament hasn't been the ACC's best showing, despite it being the best conference all year during the regular season, but with North Carolina in the Final Four once again, and two phenomenal showings in the 2015 and 2016 tourneys, the ACC is set to rake in more than $100 million as a result, per ESPN's Darren Rovell.
Where is the money coming from though, and how is it calculated? Rovell breaks it down:
Over the past three tournaments, ACC teams have accumulated 64 units from the NCAA's basketball fund, a pool set aside from the money the NCAA makes on the tournament television deal to reward conferences for advancing in the tournament. Each game played, with the exception of the title game, is worth one unit.
Each game played in this year's tournament is worth $264,859. That money is paid out over each of the next six years (2018-23), with the value for each unit increasing each year over the payout in roughly 3 percent increments. That puts this year's six-year unit payout at more than $1.7 million, or $30.6 million for the ACC's 18 units this year, a high among all conferences.
No conference is really even close to the ACC in terms of payouts in the last three tournaments. The next closest is the Big Ten which is set to make $75 million in the same three-year span.
All of the money comes from the NCAA's broadcast deal with Turner and CBS. According to Rovell, the deal "averages $771 million a year until 2024 and then $1.1 billion a year through 2032." Somehow, that manages to make even $100 million look small. Last year, the conferences took home $205 million in total.