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Guess Revenue Sharing is coming soon! Things are going to change drastically!
Posted on 5/24/24 at 7:22 am
Posted on 5/24/24 at 7:22 am
College Athlete Pay Settlement
The National Collegiate Athletic Association and five power conferences—collectively representing more than 60 schools—agreed yesterday to a $2.8B class-action settlement, paving the way for universities to directly pay college athletes for the first time. If finalized, the plan would go into effect as soon as next year and reverse the amateur college sports model in place since 1906.
Yesterday’s proposed settlement is a revenue-sharing model in which schools would pay athletes a cut of the money received from sponsorships, broadcasting rights, and ticket sales. Division I schools would have the ability to distribute up to $20M per year to their athletes. The settlement would also resolve claims of missed back-pay for current and former college athletes dating back to 2016, ending three antitrust cases, with a fourth case—Fontenot v. NCAA—still pending.
The agreement now heads to a federal judge for approval, a process that could take months.
The National Collegiate Athletic Association and five power conferences—collectively representing more than 60 schools—agreed yesterday to a $2.8B class-action settlement, paving the way for universities to directly pay college athletes for the first time. If finalized, the plan would go into effect as soon as next year and reverse the amateur college sports model in place since 1906.
Yesterday’s proposed settlement is a revenue-sharing model in which schools would pay athletes a cut of the money received from sponsorships, broadcasting rights, and ticket sales. Division I schools would have the ability to distribute up to $20M per year to their athletes. The settlement would also resolve claims of missed back-pay for current and former college athletes dating back to 2016, ending three antitrust cases, with a fourth case—Fontenot v. NCAA—still pending.
The agreement now heads to a federal judge for approval, a process that could take months.
Posted on 5/24/24 at 7:26 am to TigerPlate
I won’t be renewing my football tickets
Posted on 5/24/24 at 7:27 am to TigerPlate
Wait until the Title IX sky screamers file a lawsuit to ensure the non-revenue sports get a skim of this. Also, is this in addition to NIL? If so, it will make multi-millionaires out of even more high school athletes.
ETA, is this in lieu or, or in addition to, NIL?
ETA, is this in lieu or, or in addition to, NIL?
This post was edited on 5/24/24 at 3:00 pm
Posted on 5/24/24 at 7:27 am to TigerPlate
Been a long time coming. Congratulations to the players.
So is the all American QB getting paid the same as a bench warmer on the soccer team?
So is the all American QB getting paid the same as a bench warmer on the soccer team?
Posted on 5/24/24 at 7:27 am to TigerPlate
Salary cap in college football. Whodathunkit?
And what about the schools that don't generate 20M to distribute? Shitshow.
And what about the schools that don't generate 20M to distribute? Shitshow.
Posted on 5/24/24 at 7:32 am to TigerPlate
I was having a discussion last year with a former college and NFL player. At one point he asked me if I knew the difference between college football and the NFL…the answer….the NFL has a salary cap !!!!!
Posted on 5/24/24 at 7:39 am to TigerPlate
Wait until the Men's basketball players get .ie 50K and the girls only get 20K.
Posted on 5/24/24 at 7:41 am to TigerPlate
Wonder if this changes the amount of money coming in thru NIL? Will donors feel like the school should pay before they pony up? I imagine it doesn't affect the biggest donors, but it may give pause to some.
Posted on 5/24/24 at 7:42 am to TigerPlate
If college athletes end up being declared employees, then somebody needs to explain all the racial discrimination in employment that is going on in college football.
Posted on 5/24/24 at 7:42 am to TigerPlate
The only thing I want to know is if this will entail a move in the direction of fixing the transfer portal issue. If NCAA member schools are paying players directly, will they be able to require them to sign contracts that they agree to transfer rules and limitations as a condition of their "employment"?
This is really all I care about anymore. If the schools can get leverage back by paying the players directly as employees, surely they can require them to adhere to certain conditions of employment. Then the athletes will unionize, collective bargain, and college sports will end up pretty much just like the NFL, NBA, etc. That's the direction its going in, I say the sooner we can get there and get all this Wild West insanity over with, the better.
This is really all I care about anymore. If the schools can get leverage back by paying the players directly as employees, surely they can require them to adhere to certain conditions of employment. Then the athletes will unionize, collective bargain, and college sports will end up pretty much just like the NFL, NBA, etc. That's the direction its going in, I say the sooner we can get there and get all this Wild West insanity over with, the better.
Posted on 5/24/24 at 7:52 am to TigerPlate
The elites' plan to destroy the American tradition of big-time college athletics is almost complete.
Posted on 5/24/24 at 7:53 am to TigerPlate
Ticket prices about to skyrocket.
Posted on 5/24/24 at 8:00 am to TigerPlate
Yayy! Ticket prices just tripled!!
Posted on 5/24/24 at 8:01 am to TigerPlate
And if we cut the goose open we can get even more gold!
(fans are the goose btw)
(fans are the goose btw)
Posted on 5/24/24 at 8:59 am to TigerPlate
So what effect does this have on current NIL policy, if any?
Posted on 5/24/24 at 9:14 am to TigerPlate
Oh boy we thought the travel ball parents were bad now
Posted on 5/24/24 at 9:23 am to TigerPlate
quote:
The settlement would also resolve claims of missed back-pay for current and former college athletes dating back to 2016
They need to push that back to the late 80s/early 90s. Hook a brotha up.
Posted on 5/24/24 at 9:52 am to TigerPlate
Salary caps, minor sports cuts, surely higher ticket prices. Will this lead to even smaller roster sizes in football? Trades instead of Portal? What if a player is processed , will they be to sue for lost wages? I think this is opening up a whole new can of worms for colleges. Personally, I miss the old days.
Posted on 5/24/24 at 10:01 am to TigerPlate
The glorious spectacle of college football was already under seige by the NIL and portal, but this is its final death knell. The game will slowly become a mercenary, soulless minor league for the NFL, with a cast of self-serving players that shuffles amongst different programs annually based on portal trends and available school revenue. Richer programs will become perennial juggernauts, poorer programs will fade into obscurity. The results on the field will be ever more predictable and repetitive. Tradition and pageantry will matter less, if at all. The minor sports will come calling with their indignant hands out, waving the Title IX banner, and interminable squabbling about money will ensue. Over the coming decades, the religious devotion of the fanbases will wane as their emotional ties to the players and program are eroded by the new transactional nature of the game, the roster turnover, the transparent financial decisions of recruits, and the predictability of outcomes. Those fans are what drive revenues in the first instance. They buy tickets, they amass merchandise, they watch games, and they are the reason the TV networks shell out hundreds of millions in contracts. Once the fans lose devotion, the revenues will go too. The game is being dismantled by a bunch of dilletante politicos, lawyers, and coastal meddlers with an ideological agenda who have never even been to a real college football game, much less experienced the passion and agony of supporting a program for decades.
This post was edited on 5/24/24 at 10:15 am
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