In between watching basketball games this weekend, go online and check out
BusinessofCollegeSports.com. The website offers some fascinating research on the truly big money involved in NCAA basketball.
Where does your favorite hoops team rank in total annual revenue? (based on the 2010-2011 season, Louisville is No. 1 with $40.8M; Tennessee is No. 13 at $13.8M, tops in the Southeasten Conference)
Which coach delivers the best “performance value per dollar of compensation”? (Jim Boeheim at Syracuse)
In the 2010-2011 season, how much money did the NCAA distribute to conferences and universities? ($478M. The Big East got the biggest slice of the pie — $24.9M, compared to $15.6 for the SEC).
Enjoy the games.
Photo: Murray State forward Edward Daniel (2) takes a charge from Colorado State forward Will Bell (23) in the second half of their tournament second-round college basketball game in Louisville, Ky., Thursday, March 15, 2012. (AP Photo/Dave Martin)
If Tennessee’s mens team does well in the NCAA basketball tournament it could cost your company money — lots of it.
March Madness will cost U.S. employers an estimated $1.8 billion in lost worker productivity in the first week of the tourney, according to Challenger, Gray & Christmas Inc., a Chicago-based global outplacement consulting firm.
“For the nation’s employers, the men’s college basketball tournament, better known as March Madness, marks the arrival of several other annual rituals: employee-organized office pools, a potential dip in productivity and a marked decline in Internet speed, as workers soak up bandwidth watching live streaming broadcasts of the tournament games during office hours,” according to the firm’s press release.
Based on what happens around the News Sentinel, especially when the Vols are playing, Challenger, Gray could be underestimating the cost.
How much will it cost your company? Will you be watching the games? I will.