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NCAA ANNOUNCES DISTRIBUTION OF CBS CONTRACT MONEY
Published May 10, 1995
The NCAA Executive Committee has agreed on the "basic concepts" of the distribution of revenue from the NCAA's seven- year contract with CBS for the NCAA Basketball Championship. The approach will follow the distribution plan currently in effect and will take the form of direct payments to the member schools. By the end of May, the NCAA will distribute an additional $8.5M to Division I member schools based on their performance in the basketball tournament over the past six years. An additional $8.5M will be distributed in August based on the number of sports and scholarships offered by the institutions (NCAA).