Been doing some research on this, thought I would share what I have found this far: - NIT (which is now run by the NCAA) collects ALL revenue from the tournament: Tickets, sponsorships, merch, TV, radio, etc... - They then pay overhead, expenses for participating teams, etc... - Then distribute the remaining revenue in equal shares to teams based on # of games played... 1, 2, 3, or 5. If we make the semi-finals, we get 5 shares. There isn't a bonus for winning the whole thing. - TCU gets reimbursed for coach air, a bus, and $120 a day per diem for the players/coaches/staff (up to 25). This is true for each applicable round of the tournament, including the Semi/Finals in NYC. Keep in mind, this is likely just a "distribution," as TCU chooses to charter privately, not fly coach. Hotels are NOT included. - I can't find anywhere what the estimated "share" is, but I would hazard a guess that its something around $100k. So, TCU (the Big 12) will receive at least $300k due to TCU's 3 shares thus far. If they keep winning, this could go as high as $500k. - Minus our expenses, I would guess we "break even" on our NIT run, which is really a good thing considering the cost of running a high-level college basketball team. - Final note: While the NCAA tournament distributes your earnings for 1 tournament appearance over 6 years, the NIT winnings are distributed the same year in one lump sum. Keep winning Jamie!