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NCAA Tournament: The University of Cincinnati's March Madness financial fallout is unclear

Cincinnati football coach Luke Fickell talks effects of coronavirus on spring practice. Cincinnati Enquirer

The University of Cincinnati received an average of $2.5 million annually the past four years for men's basketball appearances in the NCAA Tournament.

As for financial ramifications of the tournament's cancellation this year due to the novel coronavirus outbreak, the "mechanics," have yet to be determined at the NCAA and conference level, an American Athletic Conference spokesperson said via email.

There likely will be a reduction of the NCAA's scheduled distribution of $600 million to Division I schools and conferences this spring, according to a USA TODAY report citing anonymous college athletic directors and administrators last week.