December 5, 1940

Major John Le Griffith
Hotel Sherman
Chicago, Illinois

Dear Major:

I have just sent on to Jim St. Clair, Chairman of the National
Collegiate Basketball Rules Committee, the final report for the 1940
N.C.AA. Basketball Tournament. Jim will sign this report in accordance
with N.C.AA. regulations and will forward it on to you immediately, I
am sure.

This report shows a net profit for the whole tournament business,
isc. Western and Eastern play-offs and Finel Game, of $9,522.55. I have
already sent you $8,000. Accordingly, I am sending you herewith another
check for $1,222.55. I feel that I should retain here in the Tournament
checking account $300 for the 1941 tournament promotion.

Now with respect to the division of this money. I gathered from
"Phog™ Allen's letter, after his conversation with you, that you had agreed
that our method of procedure this season should be as follows: From the
total net profit of the 1940 tournament should be deducted the 1939 deficit
which the N.C.A.A. made good, ise. $9,522.55 minus $2500 which leaves
$7,022.55. This amount should be divided in two parts= one half, $3,511.27
to go to the N.C.A.A.j the other half to be divided in accordance with the
plan agreed upon among the competing teams of the 1940 tournament and to be
handled as follows: $3,511.27 divided into fourteen equal parts; Indiana
end Kansas to receive three-fourteenths each, $ 752.40; Southern California
and Duquesne to receive two~fourteenths each, $501.60; Colorado, Springfield
(Mass.) College, Rice Institute and Kentucky ( Western) State Teachers College
one~fourteenth each, or $250.80.

I am sure everybody on the committee is agreed that you as secretary
and treasurer of the N.C.A.A. should write these checks and explain thet this
is their "cut" in the 1940 tournament in accordance with the action of the
N.C.AA. Executive Committee. I have no doubt that such e distribution to
the competing schools will be very well received by them and that this action
on the part of the N.C.A.A. will go a long way toward solidifying good feeling
in respect to future tournaments.

Dr. Allen will forward direct to you all the data, cancelled checks,
receipts, etc., supporting the report of the Western pley-off and the Final
Game, and I will send on to you shortly the date which I have as a basis for
this final report.

Sometime ago you mentioned that you would like to have a statement
of the results of the 1940 Tournament. There is a complete record of the
-fTournament in the 1940-41 edition of the Official Basketball Guide. It seems