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Paying college athletes directly is coming


houtiger

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I missed this previously.  I have always favored paying the football players, and that means you will have to pay everyone.  How they scale it will be interesting.

"May 27, 2024

The college sports world was taken by storm Wednesday evening as the NCAA and the power conferences — ACC, SEC, Big 10, Big 12 and Pac 12 — voted to approve a settlement for three antitrust lawsuits, most notably House v. NCAA. 

This is a monumental move that will change the college athletic atmosphere, as universities and conferences are allowed to directly pay players through revenue sharing for the first time in history. If the settlement is approved, the era of amateur athletics will be essentially over. 

“The five autonomy conferences and the NCAA agreeing to settlement terms is an important step in the continuing reform of college sports that will provide benefits to student-athletes and provide clarity in college athletics across all divisions for years to come,” said NCAA President Charlie Baker and the Power 5 commissioners

There are two important components of this settlement. 

The first is the roughly $2.8 billion that all conferences and the NCAA will pay to current and former athletes, from back to 2016, for the next 10 years. These athletes claim they lost potential NIL (name, image and likeness) revenue. 

The second is a framework where conferences and schools would directly pay student-athletes.

There are two different ways for college athletes to make money — NIL and revenue sharing, and this article is a more in-depth explanation of the difference. This case deals with revenue sharing, which is money generated from conferences and university athletic department budgets. The settlement has been a work in progress for multiple years now, so we're breaking down the legal claims involved in the case and what the result could be for Duke and the rest of the country. "

https://www.dukechronicle.com/article/2024/05/duke-athletics-ncaa-house-settlement-nil-revenue-sharing-college-sports-hubbard-carter

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On 7/21/2024 at 10:18 AM, Big T said:

I've been very vocal about this since it first came up a decade or more ago. I am 100% against all of this! It was a bad idea then and a horrible reality now.

 

just wait until schools start releasing revenue reports next year. 

no clue  where LSU is getting the extra money to add $15 mil to the spending side. 

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