This article describes how the money from the NCAA Tourney is divided among schools, and how the system has changed over time.
http://www.bloomberg.com/graphics/2015-march-madness-basketball-fund/
I had no idea that the money earned for a single year are paid out over 5 years.
http://www.bloomberg.com/graphics/2015-march-madness-basketball-fund/
I had no idea that the money earned for a single year are paid out over 5 years.