Tag Archives: NCAA

It’s Priceless

8 Apr

Duke 68, Wisconsin 63: 2015 NCAA Basketball Championship final score

$1.1 million: Duke university president salary

$525,000: U. of Wisconsin System president salary

$9,682,032: Duke U. basketball coach earnings

$2,946,000: Wisconsin U. basketball coach earnings

$1.67 million: amount earned per conference per team in the field of 64

$27 million: Duke basketball revenue

$800 million: annual NCAA tournament Net in licensing deals

$9 billion: Amount bet by fans on the basketball tournament

Priceless: What student/athletes earn yearly and for participating in the NCAA basketball tournament

No seriously… priceless… as in 0, zip, zilch, Nada, nothing. And for the fans in the stands…

$27,711.00: Average UW-Madison student loan debt

$21,884.00: Average Duke U. student loan debt

Here in the USA we love to be entertained, and we love our entertainers.

Education and our students?… Not so much…

Oh yeah, and by the way, The NCAA is a tax-exempt, non-profit association…their chairman earns 1.7 million dollars per year and they just signed a 10.8 billion dollar, fourteen-year, contract with CBS and Turner Broadcasting just to televise college games.

Also Priceless: 501 (c)(3) charitable status…at least it can’t hurt.

Wanna Bet?

19 Mar

Warren Buffet, Quicken Loans and Yahoo Sports are teaming up to offer 1 billion dollars to the first sports enthusiast to correctly pick a perfect bracket of winners for the upcoming NCAA Basketball Tournament. However, They are limiting the number of contestants to 15 million and should more than one sports enthusiast win, then they will have to split the prize.

But, I wouldn’t worry about that because the odds of picking 63 tournament games correctly are…

9.2 quintillion-to-1!

But that’s if you are just guessing, otherwise, if you know something about NCAA basketball, experts say that your odds increase to…

128 billion- to-1!…So it is possible.

But, no one has ever had a perfect bracket in over 30 million entries in the ESPN competition, which began in 1998…So, it’s a pretty safe bet that this is just a gigantic publicity stunt and an attempt to entice some folks to refinance their homes with a Quicken Loan, while they attempt to fill out their brackets on-line.

But, let’s just say that just one someone…perhaps myself…has picked 62 games correctly… and now with just 1 game to go between the 2 remaining teams, say, Boondock College Vs. MegaState University, and all the world focuses on…ME… to see whether or not I will become an overnight billionaire! And it all hinges on one game! Winner take all! Loser gets Nada. What Hoopla! What Excitement!

And here’s why that could never happen.

If I need Boondock College to win the game so I can become a billionaire all I have to do is to announce that if I win, every player on Megastate U. will get 1 million dollars, and I’ll even throw in 10 million dollars to the University to use for scholarships or bills or whatever…and to be completely fair and magnanimous, I’ll announce the same largess to the Boondock College players and university; A benevolent gift for all involved…as long as I win of course… because I won’t be a billionaire should I lose will I?

I won’t be asking anyone to lose on purpose or not play fair or even suggest anything improper or out of the ordinary. I will just make known my planned generosity should I win the final game of my bracket. I’ll even put in in writing. A total of about 50 million dollars in gifts to all players and both Colleges involved in this most momentous event…after all I stand to win 1,000 million so what’s 50 give or take?

Of course once I do that, everyone in the USA and world for that matter, will bet on Boondock College to win. How could they lose? That would mean that Las Vegas would have to immediately cancel all betting and Warren Buffet might as well just get out his check book and start writing and the NCAA would probably just cancel the game anyway because what a circus this would become…heck, I might as well just make my announcement when I get to the final 4. That would be a 100 million dollar pledge on a 1,000 million dollar win so…maybe I’ll just do it when I get to the elite 8? Then 200 gets me 1,000. How about the sweet 16?

In any event, 1 billion dollars is a lot of money and sooner or later I’m betting that the NCAA would just have to shut down the tournament and send the students back to class. (Did I just use NCAA, students and class all in the same sentence?) Anyway, 1 billion dollars may not be a lot of money to Yahoo, Quicken Loans, Warren Buffet or, sadly, even the NCAA… but to us regular folks and poor college athletes, I’m pretty sure it could buy a lot of good will and some creative play making in the final stages of the… “tournament”.

What do you think?

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