For all of the talk about NIL disparities, this has the possibility of accelerated resource disparities between the haves and have nots.
https://sports.yahoo.com/docs-ncaa-could-face-20b-in-damages-bankruptcy-if-proposed-settlement-offer-isnt-agreed-upon-232315637.html
"If they reject a proposed settlement offer, officials from the NCAA and power conferences stand to face a catastrophic $20 billion in back damages as well as risking a bankruptcy filing, according to documents obtained by Yahoo Sports.
The two-page document was circulated among power conference presidents and administrators on Tuesday as ACC leaders met at their annual spring meetings in Florida. It details terms of a potential settlement in the House, Hubbard and Carter antitrust cases, a trio of legal challenges brought against the NCAA and its five power conferences seeking back pay for various athlete compensation elements.
The settlement, believed to be in the final stages of adoption, consists of three main concepts: billions in back damages; a new compensation model permitting schools to share as much as $22 million annually with athletes in a capped system; and an overhaul of the NCAA scholarship and roster structure."
The Big East isn't happy about the proposed settlement:
https://sports.yahoo.com/ncaas-settlement-proposal-facing-strong-objection-from-big-east-194238228.html
Sounds like the beginnings of a professional league.
Quote from: Skatastrophy on May 20, 2024, 10:25:06 AM
Sounds like the beginnings of a professional league.
Exactly that.
QuoteThe new model, expected to be implemented in fall 2025, will permit schools to directly compensate athletes for their name, image and likeness (NIL) in a revenue-sharing concept that includes a quasi-salary cap
Glad Val and conference leadership recognized what this settlement proposal really is: it's sacrificing basketball revenues to find the settlement costs for the NCAA as a whole, when NIL/increased revenues is coming an overwhelming majority from the P4 of FBS (college football). If a school like Marquette is going to pay $600,000 per year for ten-years, and that is the same amount as an Ole Miss or a Colorado or a Rutgers (who each sponsor football and earn significantly more revenues), well that's BS.
I actually don't think this settlement would meet the legal precedent established by Congress, as it appears it will still cap NIL giving to student-athletes (that was already ruled a no-no). It may be DOA, but with how many legal cases are out there over this, who knows.
Quote from: Skatastrophy on May 20, 2024, 10:25:06 AM
Sounds like the beginnings of a professional league.
Beginnings? It's been professional for awhile.
Quote from: The Hippie Satan of Hyperbole on May 20, 2024, 11:30:27 AM
Beginnings? It's been professional for awhile.
Having it all out in the open and more transparent would be good.
It was better in the good old days when all they got was a camaro and the phone number of a couple cheerleaders.
Quote from: Skatastrophy on May 20, 2024, 10:25:06 AM
Sounds like the beginnings of a professional league.
...and our fat cat boosters will have to pay the 600K added expense. Will they?
Make MU's NIL the main beneficiary of your estate.
Quote from: GoldenWarrior11 on May 20, 2024, 11:09:51 AM
Glad Val and conference leadership recognized what this settlement proposal really is: it's sacrificing basketball revenues to find the settlement costs for the NCAA as a whole, when NIL/increased revenues is coming an overwhelming majority from the P4 of FBS (college football). If a school like Marquette is going to pay $600,000 per year for ten-years, and that is the same amount as an Ole Miss or a Colorado or a Rutgers (who each sponsor football and earn significantly more revenues), well that's BS.
I actually don't think this settlement would meet the legal precedent established by Congress, as it appears it will still cap NIL giving to student-athletes (that was already ruled a no-no). It may be DOA, but with how many legal cases are out there over this, who knows.
As I read the proposal, it's not capping NIL. It's capping the NCAA's proposed revenue share with athletes. Any NIL earned by athletes would be on top of that and would remain uncapped.
As to the NCAA's revenue, almost all of it comes from the NCAA mens basketball tournament TV rights and associated tournament ticket sales. If the NCAA has to pay a settlement, there's really only one place where the NCAA can get the money.
Quote from: The Equalizer on May 20, 2024, 03:32:11 PM
As I read the proposal, it's not capping NIL. It's capping the NCAA's proposed revenue share with athletes. Any NIL earned by athletes would be on top of that and would remain uncapped.
As to the NCAA's revenue, almost all of it comes from the NCAA mens basketball tournament TV rights and associated tournament ticket sales. If the NCAA has to pay a settlement, there's really only one place where the NCAA can get the money.
Right. The issue is the formula being used to decrease the allocations to the conferences.
Quote from: Skatastrophy on May 20, 2024, 10:25:06 AM
Sounds like the beginnings of a professional league.
Professional leagues usually make a profit. College sports is a massive financial loss for almost all Universities.
Quote from: forgetful on May 21, 2024, 09:24:21 AM
Professional leagues usually make a profit. College sports is a massive financial loss for almost all Universities.
Only as a stand-alone enterprise. I would guess that most would lose even more if they unilaterally dropped athletics.
NCAA is gonna BLEED
Penn State really needs the financial help folks
https://gopsusports.com/feature/beaverstadiumreno
Quote from: Uncle Rico on May 21, 2024, 03:34:36 PM
Penn State really needs the financial help folks
https://gopsusports.com/feature/beaverstadiumreno
They should've been forced to rename it Sandusky Stadium.
Quote from: 🏀 on May 21, 2024, 04:02:44 PM
They should've been forced to rename it Sandusky Stadium.
I'd settle for Sandusky field honestly.
https://www.msn.com/en-us/sports/other/prominent-title-ix-attorney-sounds-alarm-on-proposed-house-v-ncaa-settlement/ar-AA1yc9bY?ocid=msedgdhp&pc=U531&cvid=94ba9bf051b24052bf05afd99c863563&ei=48
I apologize if this is old news, but this attorney believes the agreement violates Title IX among other things.
Quote from: muwarrior69 on February 01, 2025, 04:59:30 AMhttps://www.msn.com/en-us/sports/other/prominent-title-ix-attorney-sounds-alarm-on-proposed-house-v-ncaa-settlement/ar-AA1yc9bY?ocid=msedgdhp&pc=U531&cvid=94ba9bf051b24052bf05afd99c863563&ei=48
I apologize if this is old news, but this attorney believes the agreement violates Title IX among other things.
I wouldn't worry about Title IX anymore
Quote from: The Sultan on May 21, 2024, 09:41:14 AMOnly as a stand-alone enterprise. I would guess that most would lose even more if they unilaterally dropped athletics.
You and I have always seen this differently, but I significantly disagree.
Quote from: MUbiz on May 21, 2024, 05:59:48 PMI'd settle for Sandusky field honestly.
Grass on the field eh
This will be a non issue for the schools, because they will sell at least control of their revenue generating sports to private equity raising the $ they need for the settlement plus a solid income stream thereafter. My guess is they sell 80 percent. To do they will create for profit companies as spinoffs from the school which will be managed by business professionals placed by private equity replacing the existing non profit types. Then private equity will run these companies like a business (and manage athletes like employees) and squeeze profits which will soar (new on campus arenas, more TV/streaming revenue, with suites, more merch etc.) benefitting, schools, athletes, fans and the government. Ultimately, three large public companies will own the NCAA and I see Netflix as one of them.
lol. Yeah. Private equity is gonna lift all boats.
Quote from: Knight Commission on February 01, 2025, 10:46:54 AMThis will be a non issue for the schools, because they will sell their revenue generating sports to private equity, thus creating for profit companies managed by business professionals placed by private equity vs a bunch of non profit types. Private equity will run these companies like a business and likely see profits soar (new on campus arenas, more TV/streaming revenue, with suites, more merch etc.) benefitting, schools, athletes, fans and the government
Classic case of PE taking over and everything improves and everyone involved is happy
Nm
Anyone know how this effects organizations like NAIA and other alternate college sports orgs? Is NIL and all the headaches thereof not an issue with those low dollar schools with different charters and student athlete expectations?