Saint Peter’s unlikely to rake in ‘jackpot’ from miracle March Madness run

Saint Peter's Hassan Drame (14) and Fousseyni Drame (10).
AP

There is no such thing as a price ticket on the quantity of free publicity that Saint Peter’s College is getting throughout March Insanity, however there can be a greenback quantity for the precise earnings the varsity will obtain because of its basketball workforce’s Cinderella run.

And it may be underwhelming, in keeping with ESPN.

“I don’t anticipate there’s going to be a jackpot,” Metro Atlantic Athletic Convention commissioner Wealthy Ensor mentioned within the report.

Saint Peter’s athletic director Rachelle Paul informed ESPN that the basketball program’s working price range is lower than $250,000 (excluding teaching salaries) and considerably lower than all of its MAAC rivals. 

Sunday’s matchup in opposition to North Carolina within the Elite Eight marked the fourth NCAA Match recreation for the Peacocks. It's the first time since 2009 that any workforce from the MAAC has received a recreation and superior.

St. Peter’s KC Ndefo #11 and Jaylen Murray #32

Getty Photos

Since every win provides as much as a much bigger slice of the income pie, Saint Peter’s has earned about $8.1 million and counting to date, in keeping with ESPN. However that cash will get divided up inside the 11-team convention over the span of six years, per the report. The convention’s college presidents “are likely to need to reinvest” the cash, Ensor mentioned.

“I wish to see nonetheless it’s distributed among the many members of the MAAC, I’d wish to see Saint Peter’s get a little bit bit extra,” Paul mentioned. “We’re those doing this, fairly frankly.”

Each little bit additional helps a college like Saint Peter’s, even whether it is nonetheless not going to be sufficient to maintain head coach Shaheen Holloway from touchdown at his alma mater Seton Corridor on a a lot bigger contract.

“I might say we’ve bought a methods to go to only get to a degree the place we’re snug not crunching numbers for each highway journey and each lodge,” Paul mentioned. “I’m most likely making it sound extra dire than it's. However we’re very conscientious about what we spend the cash on. It solely goes to date.”