NBE Lost $4M yesterday

[AdamBC]

The Big East came into the NCAA Tournament with eight teams and a chance to make a whole lot of money. But with three of its four teams — Notre Dame, Marquette and Georgetown — going down yesterday, the Big East lost nearly $4 million.

Each game is worth $222,206 a year, which is paid out in each of the next six years. That makes each game worth $1,333,236.

So the failure of the Irish, the Golden Eagles and the Hoyas to get to another game cost a total of $3,999,708 in potential future earnings.

http://www.cnbc.com/id/35948762