After the Loyola men’s basketball team’s 78-62 routing of Kansas State University in the Elite Eight, Missouri Valley Conference (MVC) Commissioner Doug Elgin was ripping signs off walls and hoarding scraps of paper to remember Loyola’s special run.
Elgin has been the MVC commissioner since 1988 and Loyola’s run is great for the conference’s finances and its visibility, according to Elgin.
Every game Loyola wins, the team earns $1.67 million for the conference — capped at five games. Loyola’s four wins so far means the MVC has earned $6.68 million dollars that will be evenly distributed between the 10 members and paid out over six years.