NCAA Tournament Revenue

In case anyone had the same question I did. The SMU snub cost the AAC at least $1.5 million.
"At the end of the day, the direct value of a March Madness bid is worth about six installments of $250,000. This amount increases by $1.5 million for every additional round a team advances. So the next time you see players cheering for their teams in the NCAA Tournament, remember that it will, quite literally, pay for them to win."
http://www.fool.com/investing/general/2 ... worth.aspx
"At the end of the day, the direct value of a March Madness bid is worth about six installments of $250,000. This amount increases by $1.5 million for every additional round a team advances. So the next time you see players cheering for their teams in the NCAA Tournament, remember that it will, quite literally, pay for them to win."
http://www.fool.com/investing/general/2 ... worth.aspx