The way most conferences did it is any money they get from teams making bowl games gets shared with all teams in the conference. So when they said "Ohio State gets $X" it really meant the Big Ten got $X. Colleges used to be required to buy huge blocks of tickets to play in these games, then it is their job to re-sell them. So the bowl game gets their ticket money guaranteed, but a lot of public universities are on the hook for the risk if it doesn't sell out. The article below is from 2011, so I don't know how much it still applies, but that's how it used to work.slide_into_first wrote:Each of the major 5 leagues gets $50million from the CFP plus $6million per playoff team + $4 million for teams in the Peach-Cotton-Orange-Fiesta + $2million travel expenses. What would cost them money?
I haven't read enough about this new playoff to know how the money is divvied up, but I bet Ohio State has to share quite a bit of that money with the Big Ten. The bowl system was extremely corrupt so I hope this new playoff is better but, knowing the NCAA, I would not be surprised if it got worse.
http://usatoday30.usatoday.com/sports/c ... 50582512/1
Virginia Tech lost big on the field - and financially - in the 2011 Orange Bowl.
Along with a 40-12 drubbing from Stanford, Virginia Tech's athletic department reported a $421,046 loss. The cost to play in the Orange Bowl, largely based on terms set by the Bowl Championship Series, outstripped the amount of bowl money the team received.
Virginia Tech, which receives millions of dollars in public funding like many other college sports programs, would have lost even more money had the Atlantic Coast Conference not spent nearly $1.2 million to help. The team, required to buy a block of tickets as a condition of being in the bowl, was unable to resell all of them before game time; the school's conference bought out 9,500 remaining seats.
Going in the red has become more common for universities participating in the Bowl Championship Series, college football's five biggest postseason games: the Fiesta, Orange, Rose and Sugar bowls, plus the national title game that the four bowls rotate annually.
