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Ignoring the benefits of the NIT being more prestigious than the CBI. Given the option of the two everyone would pick the NIT, for the recruiting benefits, name recognition, possible fund raising efforts, etc.
Valleytalk thred
Playing 2 games in the NIT last year you received less than $10,000.
Looking at WSU this year.
8000 tickets sold $20/ticket = $160,000
Bid to get home game =$ 60,000
We are standing at $100,000
If we subtract the other expenses and add the concessions we will earn more in the one CBI game then two NIT games.
Do we have to share any of the revenue with visiting team or the MVC? I looked through the MVC hand book on line and it details the revenue sharing for NIT and NCAA games but does not mention the other two post season tourneys.
It seems to be better financially to be in this lesser tourney than in the NIT.
Are we going to receive more money from hosting this CBI game then if we were in the NIT?
Valleytalk thred
Last season, the Missouri Valley Conference had three NIT participants — Creighton, Illinois State and Southern Illinois. Each school played two games in the tournament, and the conference received about $62,000 based on each unit being worth $10,302, Valley Commissioner Doug Elgin said.
The participating school received one-third of a unit from the games it played, with the remaining two-thirds being split among the other nine schools. Each participating school also received one-ninth of the two-thirds split from the games it did not participate in, Elgin said.
All told, the participating school's take from playing two games in the 2008 NIT was $9,610.
Playing one game in the NCAA tournament last season was worth $1.5 million.
The participating school received one-third of a unit from the games it played, with the remaining two-thirds being split among the other nine schools. Each participating school also received one-ninth of the two-thirds split from the games it did not participate in, Elgin said.
All told, the participating school's take from playing two games in the 2008 NIT was $9,610.
Playing one game in the NCAA tournament last season was worth $1.5 million.
Playing 2 games in the NIT last year you received less than $10,000.
Looking at WSU this year.
8000 tickets sold $20/ticket = $160,000
Bid to get home game =$ 60,000
We are standing at $100,000
If we subtract the other expenses and add the concessions we will earn more in the one CBI game then two NIT games.
Do we have to share any of the revenue with visiting team or the MVC? I looked through the MVC hand book on line and it details the revenue sharing for NIT and NCAA games but does not mention the other two post season tourneys.
It seems to be better financially to be in this lesser tourney than in the NIT.
Are we going to receive more money from hosting this CBI game then if we were in the NIT?
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