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Author Topic: Big East response to NCAA antitrust settlement  (Read 3015 times)

The Hippie Satan of Hyperbole

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Big East response to NCAA antitrust settlement
« on: May 20, 2024, 09:56:11 AM »
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
“True patriotism hates injustice in its own land more than anywhere else.” - Clarence Darrow

Skatastrophy

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Re: Big East response to NCAA antitrust settlement
« Reply #1 on: May 20, 2024, 10:25:06 AM »
Sounds like the beginnings of a professional league.

Oldgym

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Re: Big East response to NCAA antitrust settlement
« Reply #2 on: May 20, 2024, 10:31:44 AM »
Sounds like the beginnings of a professional league.

Exactly that.

Quote
The 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

GoldenWarrior11

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Re: Big East response to NCAA antitrust settlement
« Reply #3 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. 

The Hippie Satan of Hyperbole

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Re: Big East response to NCAA antitrust settlement
« Reply #4 on: May 20, 2024, 11:30:27 AM »
Sounds like the beginnings of a professional league.

Beginnings? It’s been professional for awhile.
“True patriotism hates injustice in its own land more than anywhere else.” - Clarence Darrow

#UnleashSean

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Re: Big East response to NCAA antitrust settlement
« Reply #5 on: May 20, 2024, 01:01:31 PM »
Beginnings? It’s been professional for awhile.

Having it all out in the open and more transparent would be good.

WarriorFan

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Re: Big East response to NCAA antitrust settlement
« Reply #6 on: May 20, 2024, 01:20:05 PM »
It was better in the good old days when all they got was a camaro and the phone number of a couple cheerleaders.
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muwarrior69

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Re: Big East response to NCAA antitrust settlement
« Reply #7 on: May 20, 2024, 02:24:42 PM »
Sounds like the beginnings of a professional league.

...and our fat cat boosters will have to pay the 600K added expense. Will they?

tower912

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Re: Big East response to NCAA antitrust settlement
« Reply #8 on: May 20, 2024, 02:40:40 PM »
Make MU's NIL the main beneficiary of your estate.   
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The Equalizer

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Re: Big East response to NCAA antitrust settlement
« Reply #9 on: May 20, 2024, 03:32:11 PM »
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.


The Hippie Satan of Hyperbole

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Re: Big East response to NCAA antitrust settlement
« Reply #10 on: May 20, 2024, 03:33:38 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.
“True patriotism hates injustice in its own land more than anywhere else.” - Clarence Darrow

forgetful

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Re: Big East response to NCAA antitrust settlement
« Reply #11 on: May 21, 2024, 09:24:21 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.

The Hippie Satan of Hyperbole

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Re: Big East response to NCAA antitrust settlement
« Reply #12 on: May 21, 2024, 09:41:14 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.
“True patriotism hates injustice in its own land more than anywhere else.” - Clarence Darrow

jfp61

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Re: Big East response to NCAA antitrust settlement
« Reply #13 on: May 21, 2024, 01:13:53 PM »
NCAA is gonna BLEED

lawdog77

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Re: Big East response to NCAA antitrust settlement
« Reply #14 on: May 21, 2024, 01:25:20 PM »
NCAA Member institutions is gonna BLEED
FIFY

MurphysTillClose

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Re: Big East response to NCAA antitrust settlement
« Reply #15 on: May 21, 2024, 01:45:25 PM »
FIFY

All Non P4 schools will bleed, by design.

Uncle Rico

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Re: Big East response to NCAA antitrust settlement
« Reply #16 on: May 21, 2024, 03:34:36 PM »
Penn State really needs the financial help folks

https://gopsusports.com/feature/beaverstadiumreno
Ramsey head thoroughly up his ass.

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Re: Big East response to NCAA antitrust settlement
« Reply #17 on: May 21, 2024, 04:02:44 PM »
Penn State really needs the financial help folks

https://gopsusports.com/feature/beaverstadiumreno

They should've been forced to rename it Sandusky Stadium.

MUbiz

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Re: Big East response to NCAA antitrust settlement
« Reply #18 on: May 21, 2024, 05:59:48 PM »
They should've been forced to rename it Sandusky Stadium.

I'd settle for Sandusky field honestly.