In 2017, each conference with a team in the NCAA tournament got at least 1.7 million. NCAA recommends conferences split that money among member schools. I have no idea how SoCon does it. If you win more than one game, the numbers go up and up.
In the NIT, they pay each team some of the expenses for travel etc, per diem for players and host teams get to keep some money--but how much you ultimately get is not related to how many games you win. All the teams split whatever money is left over at the end, with hope each team makes some money--but not a lot I don't think. Higher seeded team gets home game---BUT from what I read, a team can decline to host a game. That worries me....just like something we would do!
In the NIT, they pay each team some of the expenses for travel etc, per diem for players and host teams get to keep some money--but how much you ultimately get is not related to how many games you win. All the teams split whatever money is left over at the end, with hope each team makes some money--but not a lot I don't think. Higher seeded team gets home game---BUT from what I read, a team can decline to host a game. That worries me....just like something we would do!