No they aren’t. They are one of the ones pissed about the deal.
NIL Thread
- Thread starter jessej
- Start date
No they aren’t. They are one of the ones pissed about the deal.
GunstonsGhost
Specialist
I had the same thought. I think it was mostly referring to football, but I didn't dig too deep.
It's based on total NCAA distributions over the past 10 years, regardless of sport. So the football schools will generally pay more than the non-football schools, but the Big East is getting hit hard because they won a lot of NCAAT basketball games.
Seems absurd. Can’t imagine this is proportional to revenue from NCAA sponsored events.
the article said 27 non-power conferences and then there's the P5. 3 conferences have their own networks should be responsible for an even larger share ( does MLB make market related adjustments?)
On Tony Kornheiser's podcast today, Sally Jenkins was talking about her recent column that the need was to control the behavior of the universities more than the behavior of the athletes. She proposed that the athletic administrators/coaches be paid what the university wanted to pay them, but they then would have to make an equal amount of money available to the athletes (presumably to divide up).
Schools would then have to decide on how much of a total budget they could afford and that would effectively keep from the continuation of skyrocketing salaries for the big time coaches, some of whom continue to draw significant sums after they are fired.
Schools would then have to decide on how much of a total budget they could afford and that would effectively keep from the continuation of skyrocketing salaries for the big time coaches, some of whom continue to draw significant sums after they are fired.
2011WinOverVillanova
Sixth Man
Do you think they did the T and N linked together like that since the G and M are linked in the George Mason logo? Are interlocked letters in vogue?NIL Event
You are invited on behalf of the Patriot Nation Collective, Kathy McKay & Jim McKay Chevrolet to an evening of fun, food, and hoops! Join your George Mason Basketball Teams next Thursday, you won't want to miss it!
We are just one week away from the meet & greet with our 2024-25 Patriot Basketball teams at Jim McKay Chevrolet on Thursday June 27. This event was great last year and was one of our most well attended events of the year.NIL Event
You are invited on behalf of the Patriot Nation Collective, Kathy McKay & Jim McKay Chevrolet to an evening of fun, food, and hoops! Join your George Mason Basketball Teams next Thursday, you won't want to miss it!
If you plan to attend, please email Natalie Dillon at ndillon@4mckay.com with first and last name, and number of adults/children by Monday, June 24.
My first car was a 1966 Chevy Nova 283 from Jim McKay.
Pablo
Hall of Famer
NCAA settlement details payouts, revenue sharing
The NCAA, its five power conferences and lawyers representing a class of Division I athletes filed the detailed terms of an antitrust lawsuit Friday that has the potential to reshape the business of college sports.
"Schools will be permitted for the first time to pay their athletes directly via name, image and likeness (NIL) deals under the terms of the settlement. Each school could provide up to 22% of the average revenue that power conference schools generate from media rights, ticket sales and sponsorships -- a sum that is expected to be between $20 million and $22 million per school when the settlement goes into effect at the start of the 2025-26 academic year.
Athletes would still be able to make money from NIL deals with third parties, but the NCAA said the settlement will allow them to install a more 'robust and effective enforcement and oversight program' to make sure those third-party deals are 'legitimate NIL activity.' Many athletes -- especially in football and basketball -- currently receive money from booster collectives, which have evolved to serve as outsourced payrolls to attract top players rather than payments for an athlete's actual value as an endorser. The NCAA hopes its new system will reduce those types of arrangements.
The NCAA plans to create a database of NIL deals to try to objectively assess whether arrangements between an athlete and a third party qualify as a legitimate endorsement deal. Several coaches and athletic directors have told ESPN in the past weeks that they anticipate some form of NIL payments from collectives will continue."
"After the athletes have a chance to review the terms, Judge Wilken will make a final ruling on whether to accept the settlement. That decision is not expected until late 2024 or early 2025."
Pablo
Hall of Famer
NCAA, college leaders file landmark agreement in antitrust cases; here's what was settled and what's next
In the wake of a settlement in the House, Hubbard and Carter cases, the courts now hold significant oversight over what college sports will look like in the future.
sports.yahoo.com
"According to documents sent to Yahoo Sports, 83% of the back pay — $2.3 billion — is expected to go to an estimated 19,000 football and men’s basketball players, many of them from power conferences. That is an average of about $120,000 per player over the 10-year period, or $12,000 a year.
The back-damages formula could guide how schools distribute revenue going forward. The first back payments are due this coming spring after, presumably, the settlement is approved by presiding Judge Claudia Wilken of the U.S. District Court of Northern California."
Third-party NIL and arbitration
One of the biggest looming uncertainties as part of the settlement agreement is its impact on third-party, booster-backed collectives. Collectives provide millions to athletes in, what many believe to be, cash incentives disguised as endorsement deals for the use of their name, image and likeness (NIL).Language in the settlement seeks to eliminate or greatly reduce what many college leaders describe as “phony” NIL payments from booster organizations to athletes. The settlement does this through an assortment of rules and an enforcement mechanism that is protected through the court. For instance...
- Boosters — or any third-party entity or business, for that matter — are expressly prohibited from striking NIL deals with athletes unless they can prove the agreements are genuine with rates that align with “similarly situated individuals with comparable NIL value” who are not players at that school, the settlement reads.
- All third-party NIL deals of a $600 value or more must be approved by a newly created clearinghouse that is expected to vet the agreements for authenticity by using fair market value standards. For those deals not approved, the NCAA, conferences and/or a new third-party enforcement entity has authority to deem athletes ineligible and/or to fine schools for violations, as they do now.
- However, unlike now, those punishments can be appealed to an agreed-upon neutral arbitrator. The arbitration process, according to the settlement, is designed to be a more accelerated and neutral procedure than the NCAA’s current infractions situation, where committees of school representatives determine matters. The arbitrator must rule within 45 days of the beginning of the arbitration process, but an extension is possible. The arbitrator’s ruling is “final and binding,” according to the settlement.
- During arbitration, enforcement penalties — for instance, a player ruled ineligible — will be stayed until a ruling. Arbitrators have the power to request the production of documents and witness testimony. It’s unclear if that entails subpoena power.
Circumventing the cap
The settlement also seeks to eliminate ways for schools to use third-party NIL agreements to circumvent the annual revenue-sharing cap. For instance…- The settlement gives the NCAA and leagues power to “adopt rules that prohibit any transactions designed to defeat or circumvent the cap,” it says.
- The settlement makes clear that school funds used by an outside entity to distribute to athletes will count against the revenue-sharing cap. This is a significant piece of information that seeks to eliminate the possibility of schools circumventing the cap by funneling institutional monies through multimedia rights holders, foundations, collectives and other agencies for athlete distribution — as some are currently doing. While that practice is permitted, the monies distributed are subject to the revenue-sharing cap, and NIL deals with athletes must be approved by the clearinghouse.
As part of the revenue-sharing model, schools can serve as an athlete’s “marketing agent” for third-party NIL deals by entering into exclusive or non-exclusive endorsement agreements to purchase a player’s NIL.
This is the transaction that permits schools to share revenue with athletes, but it also does something else: Schools are permitted to procure outside, third-party NIL deals for their athletes that do not count against the revenue-share cap, as long as those deals are proven to be authentic. Such a policy incentivizes schools to find organic endorsement deals for their athletes with brands and businesses. Schools can use a marketing agency to as well do this.
For instance, as part of its endorsement agreement with an athlete, a school can distribute revenue to that athlete while also using that athlete’s likeness in separate agreements with brands and businesses to generate more money. Player A, for example, receives $100,000 in revenue share from his school but also receives $50,000 from a third-party for an endorsement deal that is approved as authentic. The $50,000 is exempt from the revenue-sharing cap."
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Pablo
Hall of Famer
New NIL, health and academic benefits take effect for NCAA student-athletes Thursday - NCAA.org
A series of reforms that deliver increased benefits to college athletes — including expanded health care coverage, increased mental health support and academic guarantees
www.ncaa.org
"NIL resources
The NCAA on Thursday launched NCAA NIL Assist, a platform designed to connect student-athletes with potential service providers, facilitate disclosures of NIL activities, and provide student-athletes with access to educational resources and insight into evolving trends within the NIL environment.
The mobile-friendly, web-based platform — available to member schools, student-athletes and their families — includes:
- A voluntary registry where agents and other interested professional service providers can submit information about their offerings and seek potential student-athlete clients.
- A "rate your experience" tool allowing student-athletes to share reviews of those same service providers, so other student-athletes can feel informed when engaging in the NIL market.
- A simple process by which NCAA schools can submit NIL disclosure data.
- Aggregated data with identifying information removed and trends about NIL agreements, including the ability to sort by subdivision, conference, sport and player position.
- Access to educational programming related to NIL, including resources about NCAA rules, tax implications and intellectual property.
NCAA members also voted in April to allow schools to assist student-athletes with seeking and arranging NIL agreements with third parties. Student-athletes who agree to disclose their NIL deals equal to or greater than $600 in value — in alignment with IRS reporting requirements — to their school are eligible to receive that additional support.
Effective Thursday, member schools are required to anonymize and report those NIL data to the NCAA via the new platform at least twice per year."
Howard University is seeking to sell a 33% stake in their men's basketball program for $100M, allowing them to stay in the game with the haves instead of the have-nots (no paywall):
Because as we all know nothing could possibly go wrong once private equity takes over college athletics…
I'll counter you and say 100m for 49% of the basketball program, and I want 100 dollars for every 1000 the program earns in perpetuity.
OP
- Thread Starter
- #718
I have partial season tix to Howard Basketball
no way they are worth $300M
As one of the 3 best teams in the MEAC they have a good shot a making the NCAA Tourney every year
but i think it has been a while since they made it to the 2nd round
But without the automatic MEAC slot they would need to another smaller conference as they are not competitive with a Big East or P4 program
Pablo
Hall of Famer
Practice admission, autographs boost NIL funding
Tradition-rich college football programs like Nebraska, Ohio State and Alabama are among the schools capitalizing on the passion of their fans by charging for admission to practice and autographs to boost funding for NIL collectives.
"LINCOLN, Neb. -- Three of the most tradition-rich college football programs are capitalizing on the passion of their fans to generate funds for their NIL collectives.
Nebraska and Ohio State are opening one or more of their preseason practices to the public and charging admission. Alabama will let fans in for free to an open practice, but those who want to get player autographs afterward will be required to pay a few bucks to join the Crimson Tide's collective."
"Nebraska is charging $25 per fan, any age, for its open 6 p.m. practice Saturday. Carson Schott, CEO of the 1890 collective, estimated 3,000 fans would show up."
"Ohio State is charging $50 to attend one of four open practices, with the last one Sunday. Fans also get a pair of commemorative 2024 Ohio State training camp sunglasses and access to a FanFest. Attendance was capped at 750 per practice, meaning the Buckeyes could raise $150,000 for their NIL efforts if each practice sold out."
"Alabama will let fans watch practice for free during its Fan Day on Aug. 11, but those who want to go through the autograph line will have to join the Yea Alabama collective. Memberships start at $18 per month."
It’s a great idea if I lived in the area I would pay $20 to attend a practicePractice admission, autographs boost NIL funding
Tradition-rich college football programs like Nebraska, Ohio State and Alabama are among the schools capitalizing on the passion of their fans by charging for admission to practice and autographs to boost funding for NIL collectives.www.espn.com
"LINCOLN, Neb. -- Three of the most tradition-rich college football programs are capitalizing on the passion of their fans to generate funds for their NIL collectives.
Nebraska and Ohio State are opening one or more of their preseason practices to the public and charging admission. Alabama will let fans in for free to an open practice, but those who want to get player autographs afterward will be required to pay a few bucks to join the Crimson Tide's collective."
"Nebraska is charging $25 per fan, any age, for its open 6 p.m. practice Saturday. Carson Schott, CEO of the 1890 collective, estimated 3,000 fans would show up."
"Ohio State is charging $50 to attend one of four open practices, with the last one Sunday. Fans also get a pair of commemorative 2024 Ohio State training camp sunglasses and access to a FanFest. Attendance was capped at 750 per practice, meaning the Buckeyes could raise $150,000 for their NIL efforts if each practice sold out."
"Alabama will let fans watch practice for free during its Fan Day on Aug. 11, but those who want to go through the autograph line will have to join the Yea Alabama collective. Memberships start at $18 per month."
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