The tournament in Florida paid each team a million dollars to participate. It would be at all surprising for UConn to be one of the four teams next year.
As others have pointed out and Boreifs has conceded, he was talking about the tournament in Las Vegas. That is the Players Era Tournament. It paid an average of 1 million dollars to each of the four teams Texas, SCar, UCLA, and Duke. The money is paid to the schools for distribution to the players as
third party NIL - NOT as revenue sharing. Sounds fishy to me but the NCAA hasn’t peeped a word about it and the men’s distributions were paid out last year when the tournament began for men.
The Great interweb says that the Players Era tournament wanted UConn rather than Duke but Geno turned down the offer. Why? I don’t know but he and the UConn admin may question whether the NCAA will step in and declare the proceeds as revenue sharing rather than third party pay.
Why does it matter whether it is or revenue sharing rather than third party pay? Because the House Settlement put a cap of 20.5 million on NIL that can be paid as Revenue Sharing. That’s for ALL sports, not for any one sport.
Greedy football players and prospects would eat up that 20.5 million in a heartbeat if they could. Word is that the SEC has told its members that at least 5% of that money must be allotted to WBB. UGA has made that percentage official and public. A FOIA suit is making SCar reveal that info soon. Anyway, the 5% minimum means that each SEC wbb program will spend about 1 million dollars per year on NIL. Word is that the Big Ten schools are all contemplating the same 5 Percent Minimum. For Scar’s ten player roster that means each player can be paid an average of $100,000 per year as revenue sharing. Money classified as third party NIL such as the Players Era tournament proceeds adds another $100,000 per player to SCar’s average player compensation.
Again I will repeat the Interweb rumor that UConn was offered a spot in the Players Era tournament. It makes sense that they would have been offered because that would have been a repeat of last years Final Four. Duke, as an Elite 8 participant, would have been the logical replacement.
Are other early season tournaments eyeing the Players Era NIL scheme and planning to offer money as NIL? I think so as evidenced by the recently announced plans for UConn and SCar to play in early season tournaments the next two years.
I will end by saying that UConn is in a different boat than UCLA, Texas and SCar. Those P-2 members clearly have 20.5 million in revenue available from the conference TV contracts alone. Does UConn? I doubt it.
But UConn ( and Gonzaga?) can choose to pay more than 5% of its revenue to wbb because it generates more income from wbb than football.
It’s a new world and there’s gonna be lot of new developments like: Title IX litigation, NCAA interpretation and regulations based on House, cheaters, other schemes to circumvent the 20.5 million cap , etc