High Point Grabs Biggest Financial Win of NCAA’s Upset-Light 1st Round
High Point University, a private Methodist school located in North Carolina, was the highest seed to win a game in the first round of March Madness. The Panthers’ 83-82 win over Wisconsin was also the biggest financial upset of the men’s tournament so far. A No.
12 seed, High Point reported spending $4. 13 million on its men’s basketball team in 2023-24, according to the most recent data available via the Department of Education. Wisconsin, a No.
5 seed, spent nearly three times that number—$11. 93 million. That’s a difference of $7.
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It was one of just seven of the 32 first round games in which the lower-budget team emerged victorious. Other notable financial upsets include TCU’s win over Ohio State (a budget gap of $6. 91 million), and Utah State’s win over Villanova (a budget gap of $6.