Arkansas might have won the NCAA men's basketball championship, but Duke and the other eight teams of the Atlantic Coast Conference (ACC) won the grand prize -- cash.

The ACC will receive $4.14 million as part of the NCAA's $31.5 million payout to reward conferences for their teams' performances in the championship tournaments.

This year's payout was determined by previous tournament results. And this year's results will be used to determine, in part, next year's payout. The payout is based on a six-year rolling point system. Each team receives a point for just making the tournament and a point is given for each round a team advances to. Total conference points are added over a six-year period and multiplied by the figure the NCAA allots per point.