Missouri Valley Conference Commissioner Doug Elgin said MVC schools will share in $11 million in television revenue from the 2013 NCAA Tournament. (Photo courtesy MVC-Sports.com)
By Eric Stock
ST. LOUIS - Illinois State University and the other Missouri Valley Conference schools will each get to share a little in Wichita State and Creighton's NCAA Tournament success, according to league commissioner Doug Elgin.
"The formula that all of the revenues are aggregated and distributed after we pay all of the bills for a given year. This year, I think, ISU will probably get in the neighborhood of $300,000," Elgin said.
Elgin says the Valley is getting $11 million in NCAA Tournament television revenue from CBS and Turner Sports over six years. That money is based on how many games your teams play in the Big Dance.
Creighton, which played two games in the tournament, won't get any of the pool money because it's leaving the valley on short notice - to go to the Big East.
"If an institution gives less than a year's notice - which Creighton did, they gave about 90 days, they receive no distributable revenue," Elgin said.
Elgin added the Shockers and Creighton did get a generous extra reimbursement for tournament travel expenses.
Elgin says Wichita State's Final Four bid is not only a cash windfall for the valley, it also raises its profile as a premier basketball conference.
"Wichita State is a team that has never won the Missouri Valley Tournament in St. Louis and yet has been absolutely excellent during the (coach) Gregg Marshall years," Elgin said. "It really does prove that
great basketball is played in virtually every conference."
Creighton, which won the MVC regular season and conference tournament, made it to the third round of the Big Dance. The league also gets 11 million dollars in NCAA tournament TV revenue which the league's schools will split, expect for Creighton - which is bolting to the Big East.
Elgin said there's no timetable for when or if the MVC will look to add more teams to replace Creighton. He said the league could move to 10 or 12 schools perhaps as early as next school year or could choose to remain at nine. Elgin said the MVC's President's Council will make that decision.
Eric Stock can be reached at firstname.lastname@example.org.