The NCAA said today it would distribute $32 million to member conferences and another $32 million to member schools in the first payments from its basketball television contract.
Payments to the conferences will be based on the success of their teams in the men’s basketball tournament from 1985 to ’90. Money to the schools will be distributed through a formula that measures the number of sports each school sponsors and the number of athletic scholarships.
Money will be sent to conferences next April. Schools will get their money next August.
The Atlantic Coast Conference was to get the most money--$4,077,500. The Big East should get $3.9 million, the Big Ten nearly $3.6 million, the Big Eight about $2.5 million and the Southeastern Conference more than $2.4 million.
The NCAA did not release an estimate of what would be paid to schools.
The money comes from the $1 billion contract the NCAA signed with CBS for rights to the basketball tournament.