http://sports.espn.go.com/ncb/news/story?id=5125307INDIANAPOLIS -- The NCAA is on the verge of expanding the men's basketball tournament from 65 to 68 teams beginning next year and has a new, $10.8 billion TV deal that will allow it to show every game live.
The NCAA said Thursday that the Division I Men's Basketball Committee unanimously passed the proposal and it will now be reviewed by the Board of Directors on April 29.
The NCAA also said it reached a new, 14-year agreement with CBS Sports and Turner Broadcasting System Inc. that is worth more than $10.8 billion. The deal, which runs from 2011 through 2024, will show every game live across four national networks for the first time.
The agreement also includes Internet and wireless rights to the tournament for CBS and Turner.
ESPN had also bid for rights to the tournament.
"We made an aggressive bid and believe our combination of TV distribution, digital capabilities, season-long coverage and year-round marketing would have served the interests of the NCAA and college fans very well," ESPN said in a statement. "We remain committed to our unparalleled coverage of more than 1,200 men's and women's college basketball games each season."
Beginning in 2011, first- and second-round games will be shown on four networks: CBS, TBS, TNT and truTV. CBS and Turner will equally split coverage of the regional semifinals.
CBS will televise the regional finals, the Final Four (including the national title game) through 2015. Starting in 2016, CBS and Turner will split coverage of the regional finals. The Final Four and title game will alternate between CBS and Turner starting in 2016.
"This is an important day for intercollegiate athletics and the 400,000 student-athletes who compete in NCAA sports," NCAA interim president Jim Isch said in a news release. "This agreement will provide on average more than $740 million annually to our conferences and member schools to help student-athletes in 23 sports learn and compete."
Any move had hinged on the NCAA's $6 billion, 11-year television deal with CBS. The deal, signed in 1999, had a mutual opt-out until July 31.
The NCAA makes nearly 96 percent of its revenue from the NCAA men's basketball tournament.
"In this agreement, we have created a new strategic partnership that not only makes this prestigious property an ongoing core asset in our stable of major television events but a profitable one as well," Sean McManus, president of CBS News and Sports, said in the statement.
David Levy, president of sales, distribution and sports at Turner Broadcasting, called the agreement a "landmark deal" for his family of networks.
"We are well-positioned to monetize our investment in NCAA programming across three nationally distributed networks. With the combined linear and digital assets of these two large media companies we'll be able to maximize the exposure of the tournament, as well as provide incomparable access for viewers," he said in the statement.
CBS has broadcast the men's basketball tournament since 1982.
The men's tournament last expanded in 2001, adding one team to the 64-team field that was set in 1985, and talk of tweaking March Madness again had generated a lot of criticism from fans and bracket-fillers worried about watering down the competition.
The proposal is strictly for the men's tournament. Another NCAA committee is looking at whether to expand the women's tournament or keep it in the current format.
Like this proposal much much much more than the 96, but I still really would just like to keep it at the 65. Also it would be kinda wierd watching a basketball on truTV lol.