Just read an interesting article in The Athletic (my subscription ends this month, not worth it since they don't have a Kentucky beat writer anymore) about NIL. I knew, I think, that the House v NCAA litigation settlement means there will be a revenue sharing system through which schools will be allowed to distribute up to $20.5 million directly to their athletes. That settlement is supposed to be approved by Judge Claudia Wilken on April 7 (same day as the title game, coincidentally).
Two interesting things. One, after that date, all pay for play deals will be between the athlete and the school (vs the "old days" we are currently in, where collectives deal with athletes) and will have to go through an NCAA clearinghouse for approval (that they are legitimate and at a reasonable fair market value). So all the schools are scurrying right now to get deals done with returning and new players before April 7 to avoid the clearinghouse process. And two:
“I wish collectives would go away for everybody,” a Big 12 coach said. “But if anybody has one, we’d better have one. I think if you’re going to try to compete, you have to have one.” That’s especially true for basketball programs in the Power 4 leagues, which fear that non-football-playing schools, especially in the Big East, will have an advantage. SEC and Big Ten programs may have an easier time setting aside the $20.5 million for athletes because they bring in more in revenue, but what, for instance, is to stop Villanova or St. John’s from allocating $15 million for men’s basketball alone?
I hadn't thought about that. You have $20.5 million plus your NIL funds to spend, and Big East schools don't have to worry about devoting any of that to football.
Two interesting things. One, after that date, all pay for play deals will be between the athlete and the school (vs the "old days" we are currently in, where collectives deal with athletes) and will have to go through an NCAA clearinghouse for approval (that they are legitimate and at a reasonable fair market value). So all the schools are scurrying right now to get deals done with returning and new players before April 7 to avoid the clearinghouse process. And two:
“I wish collectives would go away for everybody,” a Big 12 coach said. “But if anybody has one, we’d better have one. I think if you’re going to try to compete, you have to have one.” That’s especially true for basketball programs in the Power 4 leagues, which fear that non-football-playing schools, especially in the Big East, will have an advantage. SEC and Big Ten programs may have an easier time setting aside the $20.5 million for athletes because they bring in more in revenue, but what, for instance, is to stop Villanova or St. John’s from allocating $15 million for men’s basketball alone?
I hadn't thought about that. You have $20.5 million plus your NIL funds to spend, and Big East schools don't have to worry about devoting any of that to football.