Big win costs Nevada $1 million
Posted: December 1st, 2010, 3:56 pm
When is a win a loss? Ask Nevada.
The team pulled off a stunning upset against Western Atlantic conference rival Boise State on Saturday — a win that also lost $1 million for the school.
If Boise State — ranked No. 4 in the BCS standings headed into the game — had made it to a BCS bowl game, every school in the WAC would've received a cut of the money the Broncos would pick up in television revenue, according to a Business Insider report. But with the loss, Boise State is out of the hunt for a BCS bowl and WAC schools won't reap the rewards.
The BCS's new television deal is set to pay out $125 million in TV revenue. The bigger deal meant that if a WAC school made a BCS bowl game, the entire conference was set to take in more than $10 million, Business Insider said.
Of that payout, rougly $3 million could've gone to Boise State with the rest — around $7 million — being distributed to the other WAC schools, according to the publication.
So how much would each school have received? About $1 million each, including the Nevada team whose upset apparently cost them a big check.
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