Thursday, April 16, 2026

Yes, the First Four Matters. Here’s Why

  • March Madness gets underway with the First Four in Dayton on Tuesday.
  • The preliminary action has previously created several financial success stories.
Feb 18, 2023; Salt Lake City, Utah, USA; Grambling State University Tigers guard Tra'Michael Moton (5) celebrates with guard Shawndarius Cowart (10) after making a basket against the Southern University Jaguars during overtime at the Jon M. Huntsman Center.
Christopher Creveling-USA TODAY Sports

The preliminary round of the men’s NCAA tournament is nothing to sleep on.

March Madness officially tips off Tuesday night with the First Four in Dayton—and crucial $2 million payment units are on the line for advancing to latter stages of the tournament.

Automatic qualifiers Wagner and Howard will compete for the West Region’s 16-seed, while fellow conference champions Grambling State and Montana State will battle for the 16 in the Midwest. At-large matchups featuring Colorado State–Virginia (Midwest) and Colorado–Boise State (South) will round out the preliminary action in Ohio over the next two days.

Since the bracket expanded to 68 teams in 2011, a First Four team has made it to the second round every year except once (’19). First Four winners have gone on to 21 main NCAA tournament games over the past 13 years and twice made it to the Final Four (VCU in ’11, UCLA in ’21). Last year, Fairleigh Dickinson became the first automatic qualifier from the First Four to win a tournament game, with the Knights’ upset of top-seeded Purdue leading to all kinds of off-court success, like a new media-rights deal with YES Network.

Staying Tru

If you want to watch the First Four, you’ll need to make sure your TV package includes TruTV—the oft-forgotten cable stepchild of Warner Bros. Discovery, the company that, alongside CBS, is paying some $900 million annually to broadcast March Madness. For years, sports fans have joked about TruTV’s irrelevance outside of March, but this month marks a major pivot for the channel, which is transitioning to airing sports content full-time on weeknights moving forward. 

Last year, First Four games averaged 1.35 million viewers on TruTV, down from the 1.75 million action in 2022, which benefited from the inclusion of Notre Dame and set a record for the two-night format. (In ’21, all four games aired on one night, spread across TruTV and TBS.) But after this year’s games on TruTV—which will include eight first-round matchups—WBD is hoping fans will stick around for the channel’s new nightly TNT Sports Update program, as well as a betting-focused show, plus simulcasts and alternate casts of NBA, NHL, MLB games.

Where the Madness Begins

The 13,000-seat University of Dayton Arena has hosted every First Four game outside of the pandemic-impacted 2021 tournament dating back to ’11. And even before that, it was the site of the one-game opening round featuring the two lowest-ranked automatic qualifiers, which began in ’01.

UD Arena routinely gets near-capacity crowds: About 25,000 fans typically attend First Four games over two nights. As of Monday afternoon, the cheapest official resale tickets cost $89 before taxes and fees. And for locals looking to capitalize on the new business in town, the March Madness bump will continue later this week, if not longer: Dayton’s men’s basketball notched its first NCAA tournament bid since 2017, earning a seven-seed; now the Flyers are set to face 10-seed Nevada on Thursday in Memphis.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

LIV Golf: ‘Full Throttle’ Through 2026 Despite Shutdown Rumors

The league is still playing its Mexico City tournament this week.
Mar 21, 2026; Los Angeles, CA, USA; Founders FFC quarterback Tom Brady (12) throws ball against Logan Paul of Wildcats FFC during the Fanatics Flag Football Classic at BMO stadium. Mandatory Credit: Kirby Lee-Imagn Images
exclusive

Fanatics-Tom Brady Flag Football Deal With Saudis in Peril

The event is expected to continue with or without Saudi funding.

LIV Golf’s Future in Doubt As Saudi Funding Wavers

The PIF is reportedly close to pulling its funding for LIV.

Featured Today

blake griffin

Inside Blake Griffin’s Rookie Season at Prime Video

The six-time All-Star was initially hesitant to enter the media space.
Matthew Schaefer/Front Office Sports
April 10, 2026

Matthew Schaefer Has the Hockey World in His Thrall

The teenage Islanders defenseman cannon-balled into the NHL.
April 9, 2026

College Athletes Are Ignoring NCAA Gambling Bans

“We were going to bet regardless,” says one former D-I athlete.
April 8, 2026

Why Did FIFA Do a Deal With an Obscure Prediction Market?

The product is scheduled to launch on Thursday.
Ohio State Buckeyes quarterback Julian Sayin (10) throws during the Cotton Bowl at AT&T Stadium in Arlington, Texas for the College Football Playoff quarterfinal game against the Miami Hurricanes on Dec. 31, 2025.
exclusive

Private Equity Burrows Deeper Into College Sports

Arctos had a previously unreported stake in Learfield, sources told FOS.
April 14, 2026

Sherrone Moore Sentenced to 18 Months Probation

Moore was arrested in December on stalking and home invasion charges.
April 15, 2026

Michaela Onyenwere Made $205K With UCLA Before WNBA Payday

Onyenwere spent the past season as a UCLA assistant.
Sponsored

From Gold Medalist to Business Founder

Allyson Felix on investing in women’s sports and what comes next for track & LA28.
exclusive
April 14, 2026

Louisiana Tech to Pay Record Exit Fee to End 20-Game Schedule Mess

The school had been scheduled to play 20 games by CUSA and the Sun Belt.
April 9, 2026

NCAA Considers Five-Year Eligibility Rule, Ending Redshirts

The governing body looks at creating a broad, age-based standard.
April 8, 2026

UNC Makes Michael Malone Among College Basketball’s Richest

It will be his first college job since 2001.
Dusty May
April 7, 2026

Transfer Portal Chaos Began Amid Michigan’s Title Celebration

The transfer portal opened in the middle of postgame celebrations.