NCAA ANNOUNCES DISTRIBUTION OF CBS CONTRACT MONEY
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).