How March Madness Athletes Help Fund ‘Country Club’ Sports

April 2, 2016, 4:00 PM UTC
Texas Tech at Kansas
The Kansas Jayhawks celebrate a 12th consecutive Big 12 Conference title with a 67-58 win against Texas Tech on Saturday, Feb. 27, 2016, at Allen Fieldhouse in Lawrence, Kan. (Rich Sugg/Kansas City Star/TNS via Getty Images)
Photograph by Rich Sugg —Kansas City Star TNS via Getty Images

The financial contributions of star NCAA basketball players to universities are well-documented. According to a recent report from the National College Players Association, the fair market value of a Louisville basketball player in the 2011-2012 season was more than $1.6 million. Syracuse, Duke, and UNC players were all worth nearly $1 million each.