More than they need they make around 3 million every time they play
Schools earn about a quarter of what it costs to run a basketball program.
Street basketball players make whatever the tournament amount is when they enter. Typically, they don't make a lot of money per tournament, only around a couple hundreds to a couple thousands.
The NCAA is in the middle of a 11 year $6 billion television rights deal with CBS for the NCAA tournament.
50 cents as in 0.50
No money becasue they would just be the top winning team
The prize payout for all golfers that make the final cut in the master tournament will vary from year to year. As an example, in 2008, the total prize money was $7,500,000 with $1,350,000 going to the winner.
There is a complicated system to determine how much money teams get from the NCAA tournament. The money is based on how many sports the team plays, how many scholarships are given out and how well the school has done in the past six years. It is not based on rounds played but that does go into the system.
The tournament hosted by Hogwarts in Harry Potter and the Goblet of Fire was the triwizard tournament. Three schools (Hogwarts, Beauxbatons and Durmstrang) have one champion who competes in three tasks, the winner receives 1000 galleons as prize money.
Schools get money from terrorists to rebuild