House v. NCAA settlement approved: Landmark decision opens door for revenue sharing in college athletics | Page 4 | The Boneyard

House v. NCAA settlement approved: Landmark decision opens door for revenue sharing in college athletics

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ecasadoSBU said:
This is scary. Universities are willing to continue to get deep in debt for athletics in this revenue sharing environment. Holy Shy#t. the corruption in academia is worse than I thought
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Me thinks university presidents understand that their athletic departments bring much more revenue to their universities than the "simple" Athletic Department P&L shows. Athletics are the best form of advertising a university can do. Think general endowment, academic and research notoriety, increased applications/fees, etc. It's 3D chess of sorts.
 
CTFAN4LIFE said:
Me thinks university presidents understand that their athletic departments bring much more revenue to their universities than the "simple" Athletic Department P&L shows. Athletics are the best form of advertising a university can do. Think general endowment, academic and research notoriety, increased applications/fees, etc. It's 3D chess of sorts.
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Yeah. I get it to a certain extent. But damnnn. We are talking about a top-notch SEC school. SEC schools already have huge revenue sources and large athletic budgets

If a top-tier SEC schools cannot figure out a way to balance their budgets or even make a profit despite being on the top tier of collegiate athletics - the system is clearly broken.

Athletics at these P2 schools should move to a for-profit model as opposed to ALWAYS being a money losing proposition.

Using debt to finance operations feels like a recipe for disaster. Imagine if you constantly had to borrow on your credit card just to run your household... (to be fair the tweet stated the loan if for both - capital and operational revenue)
 
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ecasadoSBU said:
Yeah. I get it to a certain extent. But damnnn. We are talking about a top-notch SEC school. SEC schools already have huge revenue sources and large athletic budgets

If a top-tier SEC schools cannot figure out a way to balance their budgets or even make a profit despite being on the top tier of collegiate athletics - the system is clearly broken.

Athletics at these P2 schools should move to a for-profit model as opposed to ALWAYS being a money losing proposition.

Using debt to finance operations feels like a recipe for disaster. Imagine if you constantly had to borrow on your credit card just to run your household... (to be fair the tweet stated the loan if for both - capital and operational revenue)
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They could figure it out and balance their budgets. They just don't care enough to, because to some extents the budgets are just moving money around.
 
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-> While not commenting specifically on how the Boilermakers will distribute revenue among sports, Purdue AD Mike Bobinski confirms that football, men's basketball, women's basketball and volleyball will be included. Additionally, Purdue has set aside "roughly" $300K for non-revenue sports "to either retain or recruit elite level athletes,” according to the Lafayette Journal & Courier’s Sam King, who notes: “Coaches in Purdue's non-revenue sharing sports can appeal for money in those instances and they'll be considered on a case-by-case basis.” Asked if Purdue will take a 75% for football, 15% for men's basketball approach that is “somewhere in the neighborhood of the industry standard,” Bobinski said it'll be a little less than that for football and more for men's basketball. <- Link
 
Purdue one of the most fiscally responsible schools in the country.
No tuition hikes- 14 consecutive years!
 
BigTenFan said:
Purdue one of the most fiscally responsible schools in the country.
No tuition hikes- 14 consecutive years!
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What about room and board and mandatory fees?
 
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Chin Diesel said:
What about room and board and mandatory fees?
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Very minimal....maximized dorms putting 3 in a 2 , increased enrollment, very modest fee increase..
The president's motto is :excellence at scale.
Roi for a Purdue Engineering degree is incredible.
 
huskymedic said:
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UK is near the top of my list of schools I think will hit a financial wall in the next 5 years. The athletics is just one aspect of their financial and likely enrollment problems
 
Schools are paypal-ing players? Lmao. Why?

Oh for $20 mil a year? Lol okay, sure, that makes sense. I can't believe there's an ROI on that for Paypal.
 
Last Monday morning, Bryan Seeley began his first official day as Employee No. 1 at the College Sports Commission by doing some online shopping.

The revenue share era of college sports has arrived. Paychecks from schools will start to land in players' bank accounts this week. The endorsement deals that the CSC will need to vet are already pouring in. As he attempts to run an organization responsible for bringing order to a chaotic industry, Seeley has a long to-do list: hire a staff, establish investigative processes, determine fair punishment standards and build relationships across hundreds of schools and dozens of sports.

"This is a startup," Seeley told ESPN during an interview at the end of his first day. "It's not like I'm walking into nothing, but in many ways this is a true start-up."

www.espn.com

Meet Bryan Seeley, the man in charge of policing the new world of college sports

Overseeing athlete payments in college sports may seem like a thankless, nearly impossible job. But Bryan Seeley thinks he's up to the task.
www.espn.com www.espn.com
 
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-> LSU will allocate 75% to football, which equals $13.5 million in the first year; 15% to men’s basketball ($2.7 million); 5% to women’s basketball ($900,000); and 5% to the rest of its sports ($900,000). Zinn said schools could be hit with fines, coaching suspensions and a reduction in transfers for violating the cap.

Every LSU team will receive some money, Zinn said. She believes the ones that aren’t getting as much still will have what they need financially to compete. LSU is not cutting any sports. <-
 
Article on how revenue sharing will work and actually be done. Concise article if you want to know the details.

The settlement represents one of the most significant changes in college athletics history, establishing a framework for formal pay-for-play. In preparation, the NCAA rescinded several rules prohibiting direct compensation, setting the stage for this new model. Many contracts began July 1.

So how will players be paid, and what effect will this have on the structure of college football moving forward?

www.cbssports.com

How athletes will be paid as July 1 ushers in new era for college sports: NIL changes, enforcement, contracts

Players are eligible to receive direct payment from schools for the first time, but how will this all work?
www.cbssports.com www.cbssports.com
 
Not much new info. I think Emily is WAG on the distribution component - I’d be shocked if it was anywhere near what she types:



-> Though the settlement set the revenue-sharing cap of $20.5 million, UConn only plans to distribute $18 million this season with a goal of reaching the cap in the near future. UConn has not disclosed how it will disperse its funds, and the settlement doesn’t include any requirements for how revenue shares should be divided across sports. It does outline a structure that many programs are using as a guideline: 75 percent to football, 15 percent to men’s basketball, 5 percent to women’s basketball, and 5 percent to all remaining sports.

If UConn adheres to that structure, the percentages will translate to roughly $13.5 million distributed to football, $2.7 million to men’s basketball, $900,000 to women’s basketball and $900,000 to the remaining 18 sports sponsored by the university — but every sport does not have to receive a share. At UConn, programs like hockey and baseball will likely be prioritized as the biggest revenue drivers behind basketball and football. <-
 
huskymedic said:
Not much new info. I think Emily is WAG on the distribution component - I’d be shocked if it was anywhere near what she types:



-> Though the settlement set the revenue-sharing cap of $20.5 million, UConn only plans to distribute $18 million this season with a goal of reaching the cap in the near future. UConn has not disclosed how it will disperse its funds, and the settlement doesn’t include any requirements for how revenue shares should be divided across sports. It does outline a structure that many programs are using as a guideline: 75 percent to football, 15 percent to men’s basketball, 5 percent to women’s basketball, and 5 percent to all remaining sports.

If UConn adheres to that structure, the percentages will translate to roughly $13.5 million distributed to football, $2.7 million to men’s basketball, $900,000 to women’s basketball and $900,000 to the remaining 18 sports sponsored by the university — but every sport does not have to receive a share. At UConn, programs like hockey and baseball will likely be prioritized as the biggest revenue drivers behind basketball and football. <-
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2.7 million for MBB feels low to me. I know they can supplement it with outside NIL. Not totally sure how it works.
 
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UConnTrumbull said:
2.7 million for MBB feels low to me. I know they can supplement it with outside NIL. Not totally sure how it works.
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Well at Duke, UNC, Bama, Pitino/Cal coached teams among others…here is how it works…

IMG_9663.gif
 
UConnTrumbull said:
2.7 million for MBB feels low to me. I know they can supplement it with outside NIL. Not totally sure how it works.
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UConn is one of the few schools that have DI football where men's basketball is way more important to the school. UConn will definitely be giving basketball more than 15%. I'd bet it'll be more like 30%. And if it's not and I'm Dan Hurley, I'd be sitting in Benedict's office until it is.
 
HooperScooper said:
UConn is one of the few schools that have DI football where men's basketball is way more important to the school. UConn will definitely be giving basketball more than 15%. I'd bet it'll be more like 30%. And if it's not and I'm Dan Hurley, I'd be sitting in Benedict's office until it is.
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It's going to be closer to 75% than 30%.
 
BFieldHusky said:
It's going to be closer to 75% than 30%.
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75% of $18 million to men's basketball? Bring it on! That would be way above what basketball teams in the B10, SEC, and Big 12, who are prioritizing football, are planning to get.
 
HooperScooper said:
75% of $18 million to men's basketball? Bring it on! That would be way above what basketball teams in the B10, SEC, and Big 12, who are prioritizing football, are planning to get.
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Yes. This is what I and others have been saying. This is why initially, the Big East is going to be in good shape here.

Women's bball needs to be taken care of. Football will get more money if attendance continues to grow and the product continues to win.

Did this writer think UConn football was going to get double what our mens bball team is getting?
 
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