How Much is 1 Unit Worth?
“The value of one unit changes each year, and in 2022, it is estimated to be $338,887. That’s up a little bit from 2021, when a unit was worth $337,141.” according to Boardroom.
Here’s how it all plays out:
- The SWAC/MEAC sent two teams to the NCAA Tournament: Texas Southern University and Howard University.
- The two teams have earned one ECF unit for the SWAC/MEAC by making it to the tournament ($338,887 x 2 = $677,774).
- Let’s say Texas Southern University wins the 16/16 play in game in the First Four. By then playing the traditional 16/1 (the First Round), Texas Southern gets another unit for the SWAC and gives it the possibility of earning seven units versus Howard University being able to earn a maximum of six units due to not having to play in a play-in game.*
- Let’s say Texas Southern and Howard both lose their 16/1 games. Texas Southern University would have earned two units and Howard University would have earned one unit.*
- Should both win and then have a Second Round loss. That’s one more unit for both and nothing more.
- Now, let’s say both go on a miracle run to the national championship game. They would earn an additional unit for playing in the Second Round, Sweet 16, Elite Eight, and National Semifinal, for a total of thirteen units.
- In total, this gives the SWAC/MEAC 13 units from this tournament, to be paid each year for the next six years, resulting in a total of $4.41M annually given to the SWAC/MEAC. That’s $26.43M total, which the conference will pay out to each of its 20 teams. If distributed equally, that’s $220,250 per school, per year, for a total of $1.32M.**
*HBCU Money was not able to confirm that the play-in game is worth an additional unit but serves as one in our example.
**Wins in the semifinals or final don’t count for units.