re: Does anyone know how much $$$ each school is actually getting

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It wouldn't surprise me if when its all said and done the payout is $100 million....

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Probably not. I think ESPN's total annual revenue, not net, is somewhat under $5 billion (obviously, they're worth a lot more than that as an entity, of course.) One hundred million a team - $1.4 billion total -- would be more than 25% of ESPN's annual entire take.

Edit: Err...maybe I misunderstood and you meant in toto. If so, sorry. I was just hearkening back to the thread title.