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Report: Wichita State lost money during its Final Four run last spring

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The prospect of an athletic department losing money during postseason play isn’t all that shocking, as it’s something we’ve become used to seeing in major college football. But this isn’t seen to be the case in college basketball, with their being four postseason events (as opposed to 35 bowl games) and the NCAA tournament raking in all kinds of revenue dollars for the NCAA and its participating conferences and schools.

And when a team that hasn’t seen as much of the national spotlight as the “usual suspects” makes a deep run, the benefits of increased national exposure include an increase in apparel money and more often than not an increase in applicants as well. Those are rewards that Wichita State will likely reap due to their run to last season’s Final Four (and their hot start to the current season) in the years to come.

However according to a report from Forbes Magazine, the Shockers actually lost money in the short-term. The program saw its expenses, in which Forbes included coaching bonuses, rise to $5.4 million last season with extra travel being one area of impact. While that isn’t a large sum for say, a Kentucky or Kansas, that isn’t exactly a small amount for a program that doesn’t receive as much national attention.

But while direct spending skyrocketed, the prize money payouts were minimal. The NCAA’s tournament distributions are spread out over six-year rolling periods, with conferences receiving around $1.5 million for every tournament game played by member schools. Put another way, that means Wichita State’s performance last year will net the Missouri Valley Conference more than $7.5 million over the next six years.

That number shrinks quite a bit, however, when broken down to the per-school level. Rege Klitzke, the head of the Wichita State Athletic Department’s business office, says that, after the conference gets a share, the NCAA distribution amounts to an extra $70,000 to $80,000 for the school each year. According to Klitzke, “From a strictly numbers standpoint, [the financial gains] are not as substantial as some people tend to think.”

Once again, this is merely a short-term “loss” that more than a few athletic departments experience during the month of March. But given the long-term benefits and the essentially “free” advertising that can come as a result of a deep tournament run, it’s a trade-off any school would be willing to make.

h/t Matt Norlander

VIDEO: Adams’ shot pushes St. Bonaventure past Saint Louis

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Sunday afternoon St. Bonaventure hosted Saint Louis in a game that was critical for the Bonnies’ postseason hopes. Mark Schmidt’s team has some work to do to get onto the NCAA tournament bubble, and avoiding bad losses is part of the equation. The Bonnies struggled for much of the game with the Billikens, but they managed to come back and win 65-62 on a Jaylen Adams three as time expired.

Adams finished the game with a team-high 19 points, with Marcus Posley adding 15 points and forward Dion Wright posting a double-double of 14 points and ten rebounds. Jermaine Bishop led the Billikens with 17 points and Davell Roby added 12 off the bench.

SUNDAY’S SNACKS: No. 5 Iowa, No. 12 SMU pick up road wins

SMU guard Nic Moore (11) passes around South Florida guard Jahmal McMurray (0) during the first half of an NCAA college basketball game Sunday, Feb. 7, 2016, in Tampa, Fla. (AP Photo/Brian Blanco)
AP Photo/Brian Blanco
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GAME OF THE DAY: James Madison 98, Hofstra 95 (OT)

The Dukes managed to fight back at home against Hofstra, with a Ron Curry three-pointer forcing overtime. From there Matt Brady’s team took control against a Hofstra team with little depth thanks to injuries throughout the course of the season. Curry scored a game-high 31 for the Dukes, who forced a three-way tie for third in the CAA with this win (Hofstra and Towson are also 8-4). Brian Bernardi scored 22 points and Juan’ya Green became just the fourth player in Division I history to score 1,000 points at two schools (Niagara being the other) in the loss for Hofstra.

IMPORTANT OUTCOMES

No. 5 Iowa 77, Illinois 65: The Fighting Illini got off to a slow start offensively, missing their first 11 two-point attempts, and they were unable to climb out of that hole against the Big Ten-leading Hawkeyes. Peter Jok scored 23 points and Jarrod Uthoff posted a double-double of 18 points and 12 boards for Iowa, which limited Illinois to 39.4 percent shooting from the field.

No. 16 Oregon 76, Utah 66: The Ducks maintained sole possession of first place in the Pac-12 with a ten-point win over the Runnin’ Utes in Eugene. The game changed in the first half when Jakob Poeltl was given his second foul, and from that point on Dana Altman’s team controlled the action. Dillon Brooks was outstanding in the win, setting new career highs in points (30) and assists (nine) while also grabbing six rebounds.

STARRED

Dillon Brooks, Oregon: 30 points, six rebounds, nine assists and two steals in the Ducks’ win over Utah.

Shake Milton, SMU: Milton shot 6-for-9 from three, scoring 22 points in the Mustangs’ 92-58 win at USF.

Ron Curry, James Madison: Curry scored 31 points and hit the game-tying three pointer late in regulation as the Dukes came back to beat Hofstra 98-95 in overtime.

Rachel Banham, Minnesota: Banham became the second woman in Division I history to score 60 points in a game, doing so in the Golden Gophers’ 112-106 double overtime win at Northwestern. Banham shot 19-for-32 from the field and 14-for-16 from the foul line.

STRUGGLED

Brandon Taylor, Utah: Taylor went scoreless in a loss at No. 16 Utah, going 0-for-4 from the field and committing four turnovers.

Nehemias Morillo, USF: Morillo scored three points on 1-for-7 shooting and committed four turnovers in the Bulls’ loss to No. 12 SMU.

THE REST OF THE TOP 25

  • No. 12 SMU picked up another win, as they blew out USF 92-58 in Tampa. Shake Milton led five Mustangs in double figures with 22 points, and Nic Moore finished with 17 points and eight assists.
  • No. 17 Miami moved to 7-3 in ACC play with a 75-68 win at Georgia Tech. Sheldon McClellan scored 22 points and Davon Reed 15 for the Hurricanes, who host Pittsburgh Tuesday night.

OTHER NOTABLE RESULTS

  • UConn has won each of its last three games by at least 18 points, as Sunday afternoon they handled East Carolina 85-67. Rodney Purvis and Shonn Miller scored 16 points apiece, and Daniel Hamilton chipped in with 12 points, 16 rebounds, five assists and three steals.
  • Iona remained a game behind Monmouth in the MAAC standings as they won 75-61 at Niagara. Isaiah Williams scored 21 points and Deyshonee Much 15 for the Gaels, who are 10-3 in league play.
  • Jaylen Adams’ three pointer as time expired gave St. Bonaventure a 65-62 win at home over Saint Louis. Adams scored 19 points, Marcus Posley 15 and Dion Wright 14 (along with ten boards) for the Bonnies.
  • Also in the MAAC, Marist upset Siena by the final score of 79-73 in Poughkeepsie. Brian Parker scored 24 points for the Red Foxes, who won despite Siena’s Nico Clareth scoring a career-high 26.
  • Pat Birt scored 27 points to lead Tulsa to a 77-63 win over Houston. Damyean Dotson scored 23 points for the Cougars, whose three-game win streak came to an end with the defeat.