Men’s Tourney Made $864.6M Last Year, Women’s Lost $2.8M

The NCAA Division I men's basketball championship budget for the 2018-19 season was $28 million — almost twice as much as the women's budget.

Information provided by the NCAA to ESPN on Friday shows the men's tournament brought in a total net income of $864.6 million that season, while the women's event lost $2.8 million — the largest loss of any NCAA championship.

The NCAA said its championship budgets are determined and approved each year, but this year's tournament budgets were determined last June but have been completely changed because of the pandemic, ESPN reports.

The NCAA said it won't know the 2021 championship totals until it's over.

ESPN states it's estimated to cost $14 million to create the men's "bubble" experience, including COVID-19 testing, and $16 million for the women's bubble — both men's and women's each pay about $2 million in testing.

The men's tournament budget for the 2018-19 season was $28 million, while the women's was $14.5 million.

"This year's women's tournament, which is taking place in San Antonio, is unique because typically the women's first- and second-round games are played on campus and hosted by the higher-seeded team," ESPN reports. "That format was agreed upon in 2014 to help grow fan interest and attendance."

All 32 first- and second-round games are played at neutral sites and result in additional expenses for the men's tournament. The men's tournament also features four more teams and an additional round, known as the First Four.

The NCAA said the savings made by the reduced expenses for those games as the biggest component explaining a large chunk of the discrepancy in the budgets, the article states.

In the information provided to ESPN, the organization specifically details a difference of $7.1 million:

Information provided by the NCAA also shows a sharp contrast in total revenue. The men generated $917.8 million, including media and ticket revenue, while women generated $15.1 million, including media and ticket revenue.

Total attendance accounts for some of the disparity, as the men's basketball tournament had 690,000 fans, while the women's tournament had 275,000 fans.

These championships also generate more revenue than expenses and help cover the costs of other championships.

Because the NCAA is a private organization that does not directly receive federal aid on behalf of students, it is not subject to Title IX.

Title IX of the Education Amendments of 1972 prohibits discrimination on the basis of sex in education programs receiving Federal financial assistance.

"Athletics are considered an integral part of an institution's education program and are therefore covered by this law," the U.S. Department of Education's website states.

NCAA President Mark Emmert said the organization will continue to address material and impactful differences between the men's and women's championships.

"We must continue to make sure we are doing all we can to support gender equity in sports," he said.

Emmert said the NCAA is evaluating its current and previous resource allocation to each championship, so there is a clear understanding of costs, spend and revenue.

"To assist the NCAA in this effort, we are retaining law firm ... which has significant experience in Title IX and gender equity issues, to evaluate our practices and policies and provide recommendations on steps we can take to get better," he said.

Emmert said the NCAA hopes to have a preliminary report complete in April and a final report complete in the summer.