House Settlement Summary
www.fosterswift.com
We may have our roster by next week with this ruling on the horizon
April 7th final hearing on nil money
- Thread starter jeffky
- Start date
We may have our roster by next week with this ruling on the horizon
This has all turned into a cluster f.
I miss the 90’s.
I miss the 90’s.
So this ruling would basically allow universities to allocate 22% of their athletics budget to the athletes, right? Plus provide back-pay to athletes before 2021?House Settlement Summary
www.fosterswift.com
We may have our roster by next week with this ruling on the horizon
I'm not sure I understand athletes trying to get in before the ruling. It seems like they can still make unlimited amounts of money with personal NIL deals.
Can you or anyone else in the know explain what I'm missing?
This is all the ncaa trying to keep a seat at the table. Everyone forgets that the ncaa is a non-binding association. Membership is voluntary. Only the ncaa tv/media deals keep the power schools from saying goodbye.
Note in that link the “avoiding bankruptcy” language. The ncas has been ripping off athletes for decades so all this NIL payment is a way to avoid being held responsible for billions in ad and tv revenue previously unshared. The ncaa negotiated all the tv rights for the basketball tournament (for one example) despite having no actual role beyond being an in effect holding company for the schools.
There’s nothing stopping the 50 biggest football schools from saying “thanks we’re out” and forming a super league that negotiates its own media deals.
Note in that link the “avoiding bankruptcy” language. The ncas has been ripping off athletes for decades so all this NIL payment is a way to avoid being held responsible for billions in ad and tv revenue previously unshared. The ncaa negotiated all the tv rights for the basketball tournament (for one example) despite having no actual role beyond being an in effect holding company for the schools.
There’s nothing stopping the 50 biggest football schools from saying “thanks we’re out” and forming a super league that negotiates its own media deals.
So, the 22% is for all of a universities athletes? That means the kids playing chess are going to get paid as well? How does the payment breakdown across the sports? Is it equal? Is it for all athletes or just those on scholarship?
House Settlement Summary
www.fosterswift.com
We may have our roster by next week with this ruling on the horizon
What does that have to do with our roster? Don't you think other teams would have the same issues?
Get it all you can get before these limitations take effect is my interpretation
Maryland is doing 14 million to football,, 4 million to men's basketball and 2 million to women's basketball..
If they don't distribute equally among all athletes then there will be lawsuits. It will be interesting to watch the fallout from this.
This will cause ticket prices to sore, it will cause merch prices and license fees to go out of this world. UK or any college (SEC especially), will not be able to take that budget of money they get each year and use it for other things on the university. They will now have to use it on the people that help make all that $$$ (the players). Shame on them. But they will still want to be able to continue to use money from sports for other things on the university. Maybe administration will have to make a few $$ less per year (yeah was laughing typing that). Fans will have to pay more for everything. bottom line. We are now a professional sports city.
The previous administration had released guidance (guidance, not actual policy) saying the revenue sharing needed to comply with Title IX. I believe currently that guidance has been rescinded, or at least we can probably all guess won't be acted on.
The current model is broken. A settlement or hearing by a judge or by the house doesn’t fix the model just provides remedies. Sometimes the remedies if too extremes force the system to self regulate.
We are here because :
- our college and universities system are taken advantage of the tax code. They are not any longer nonprofit organizations that provide services .they jack up prices on tuition, and they fulfill the curriculum requirements with garbage.
- from sport perspective you cannot pay somebody something that has no obligation. If the athlete is a student from legal aspects then they need to fulfill their student obligations. If they are employees or contractors that they need to have certain obligations.
We are here because :
- our college and universities system are taken advantage of the tax code. They are not any longer nonprofit organizations that provide services .they jack up prices on tuition, and they fulfill the curriculum requirements with garbage.
- from sport perspective you cannot pay somebody something that has no obligation. If the athlete is a student from legal aspects then they need to fulfill their student obligations. If they are employees or contractors that they need to have certain obligations.
If it comes to any sort of percentage we are probably screwed relative to the football schools. Our athletics department valuation is nineteenth nationally and ninth in the SEC.
