Good luck in the piggy. Your opponent represents the MEAC, the #32 (i.e. worst) conference in the country! You better win and bring in an extra $1.6 M to the Big West!
My understanding and calculations put the figure about at that as well. Winning the play-in game ~ funding half a scholarship for the next six years. (Assuming it stays with the basketball program.)
And we're still getting $$$ from Cal Poly's play-in win three years ago. Maybe even wins more than that; the 6-year time range stretches back to before I knew what "Big West" meant.