Do schools get...

[hutchshox]

$ for making the dance, advancing to sweet 16, elite 8, final 4, etc... like in the bowl games? I did not know the NCAA rules or "payouts"!

[WuDrWu]

Yes, each round is worth amount greater than the previous. The conferences decide how to split up the bounty.

[BA2929]

Yes. There was something about it in the Eagle the other day.