NCAA earns $1.15B in 2021 as revenue returns to normal

Ncaa BasketballINDIANAPOLIS (AP) — The NCAA generated more than $1.15 billion in revenue in 2021.

That figure represented a return to normal after the cancelation of the men’s basketball tournament because of the pandemic in 2020. It cost the association and its members $800 million.

Most of the NCAA’s revenue comes from its contract with CBS and Turner for the rights to televise the men’s Division I basketball tournament. That contract paid the NCAA $850 million in 2021 and is scheduled to pay $870 million in 2022.

NCAA revenues were at $1.12 billion in 2019.

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