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NCAA could pay more than $2.7B to settle antitrust suits
Posted on 5/2/24 at 7:04 pm
Posted on 5/2/24 at 7:04 pm
LINK
quote:
The NCAA's national office might be footing the bill for a settlement expected to be more than $2.7 billion in the landmark House v. NCAA lawsuit and other related antitrust cases, in hopes of reshaping and stabilizing the college sports industry, according to multiple sources on Thursday.
Sources told ESPN this week that parties have proposed the NCAA's national office -- rather than its individual member schools or conferences -- would pay for the settlement of past damages over a period of 10 years. The NCAA payments would be paid to former college athletes who say they were illegally prevented from making money by selling the rights to their name, image and likeness.
The settlement would come with a corresponding commitment from conferences and schools to share revenue with athletes moving forward, per sources. The settlement would establish a framework for power conferences to share revenue with their athletes in the future. Sources have told ESPN that schools are anticipating a ceiling of nearly $20 million per year for athlete revenue share moving forward. (That figure for a revenue share is derived from a formula that's expected to be, per sources, 22% of a revenue metric that's still being discussed, which is set to be based on various revenue buckets. It would be up to the schools to share that much.)
Posted on 5/2/24 at 7:23 pm to WPBTiger
quote:
NCAA could pay
Could they?
Posted on 5/2/24 at 7:42 pm to WPBTiger
Other than hiring Nick Saban to LSU, Mark Emmert has been a complete shite Midas.
Posted on 5/2/24 at 7:43 pm to WPBTiger
Why is the NCAA always so inept?
Posted on 5/3/24 at 1:27 am to WPBTiger
All the NCAA had to do, starting in the 1980s was the following:
1. Allow athletes to work, so long as it was not an obvious no-show type of gig.
2. Show a commitment to the student side of being a student-athlete.
3. Allow schools to share revenue with athletes for things specifically tied to the athlete. Example: if you can sell a game ball for $100, but it gets $500 if Tim Tebow autographs it, then some portion of that money should go to Tebow.
4. Make it policy that every athlete is on a full scholarship.
Instead the NCAA prevented athletes from holding a job, expanded schedules, made it harder to be a student, and provided no opportunity for recognition that was above the table rather than under the table.
NCAA has no one to blame here but itself.
1. Allow athletes to work, so long as it was not an obvious no-show type of gig.
2. Show a commitment to the student side of being a student-athlete.
3. Allow schools to share revenue with athletes for things specifically tied to the athlete. Example: if you can sell a game ball for $100, but it gets $500 if Tim Tebow autographs it, then some portion of that money should go to Tebow.
4. Make it policy that every athlete is on a full scholarship.
Instead the NCAA prevented athletes from holding a job, expanded schedules, made it harder to be a student, and provided no opportunity for recognition that was above the table rather than under the table.
NCAA has no one to blame here but itself.
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