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re: Texas Tech has rolled out their revenue sharing plan; expect LSU and others to do similar

Posted on 12/17/24 at 1:15 pm to
Posted by WarBoudin
Member since Aug 2024
352 posts
Posted on 12/17/24 at 1:15 pm to
BSB and Football will both be over 10B.
Posted by LSUSkip
Central, LA
Member since Jul 2012
22356 posts
Posted on 12/17/24 at 1:29 pm to
Lsu's will look vastly different.
Posted by Nutriaitch
Montegut
Member since Apr 2008
9809 posts
Posted on 12/17/24 at 1:39 pm to
quote:

Huh? That is not my understanding. This is money the universities never got before so it is "bonus money". Isn't this money coming from the NCAA and/or conferences that makes billions of dollars off of college sports which wasn't shared with the universities as much as it should have been. If this isn't correct, where is the money coming from?


not new money at all.
it's now schools sharing a portion of their revenue from the previous fiscal year (up to 22% of the average Power 5 school's athletic revenue).

quote:

As part of the House v. NCAA proposed settlement, schools will be allowed to share athletic department revenues with their varsity athletes beginning in the 2025-26 academic year. While not finalized, under the proposed revenue sharing model, NCAA I schools will be allowed to distribute revenue to their athletes up to 22% of the average Power 5 School annual athletic revenue, subject to a tentative revenue sharing cap of $ 20.5 million per school for the 2025-26 year



NCAA REVENUE SHARING & NIL ESTIMATES 2025




they take the average of all Power 5 schools revenues to arrive at a "salary cap"
schools can then choose whether or not to participate in revenue sharing (all the big ones will, obviously).

it's then up to the schools to operate their own budgets accordingly.

scholarship limits are also going up next year across the board.

LSU will be somewhere around:
$3 million in new scholarships.
$20.5 million in revenue sharing

in 2023, LSU Athletics showed a $1.36 million profit (before donating Money to LSU Academics).

that leaves an additional $22 million LSU needs to find.
either by increasing cost of everything, or seriously cutting spending somewhere.

that's not even taking into account the new Basketball arena that will be somewhere in the neighborhood of $400 million sprinkled in somewhere.

or the fact that the NCAA is withholding $2 mil from each school for the next 10 years to foot their bill in that lawsuit they lost recently.

quote:

The new revenue-sharing model will fundamentally alter financial management within LSU's athletic department and others nationwide. Universities will now allocate up to 22% of their athletic revenue to player compensation, which, combined with other benefits, could mean nearly half of a department's revenue going to athletes, according to NCAA president Charlie Baker.





NCAA Settlement: LSU Athletic Director’s Take



so schools will have to get creative with their budgets now.
Posted by lsufreak337
Member since Aug 2015
289 posts
Posted on 12/17/24 at 1:41 pm to
Its revenue sharing. Shouldn’t it go off how much revenue that sport pulled in? That would be the logical idea. If so then they have nothing to argue about.
Posted by BigBinBR
Baton Rouge
Member since Mar 2023
7537 posts
Posted on 12/17/24 at 1:51 pm to
quote:

This will 100% be the death of title IX


It should be. If you are going to force schools to pay players then you shouldn't force them to have players that bring in no revenue and then also have to pay those players.
Posted by NotaStarGazer
Member since Dec 2023
2054 posts
Posted on 12/17/24 at 1:52 pm to
Thanks, I thought the money, at least a lot of it, was "new money" coming from the NCAA. Of course, I knew a lot of the TV money went to the conferences/schools but I thought the NCAA was skimming off the top and thus now distributing some of that money. But finally, apparently as you stated well, the schools are now sharing SOME money but as you and the other poster I first responded to say, there is a hole to be filled somehow on that distribution of money to the athletes. I appreciate your post..
Posted by dukesilver72
Texas
Member since Feb 2015
1035 posts
Posted on 12/17/24 at 1:53 pm to
quote:

TT has 2 young BILLIONAIRES (early 40's) that are bankrolling and helping support Athletics. They have the money and want their alma mater to compete for Championships and have first class facilities to draw athletes. Several years ago, Cody Cambell wrote a $25,000,000 check to improve the football facilities. TT recently hired ULL softball coach Gerry Glascow by tripling his salary and giving him lots of money to pay his players. IIRC, 6 ULL players followed GG to TT and they each received a major increase in NIL $$$.


Didn't they also get the pitcher from Stanford? Spent over a Million on her.
Posted by Got Blaze
Youngsville
Member since Dec 2013
9507 posts
Posted on 12/17/24 at 2:03 pm to
yuuup, NiJaree Canady was the WSB college POTY and she has 2 years remaining. TT basically outbid, and is paying her more that Stanford offered. 7 figures TT is hungry to win and they've never been to the WCWS
Posted by Nutriaitch
Montegut
Member since Apr 2008
9809 posts
Posted on 12/17/24 at 2:08 pm to
quote:

If you are going to force schools to pay players


schools aren't being "forced" to pay.
they're being "allowed" to pay.
Posted by Blueghost1978
Metairie, LA
Member since Jan 2024
351 posts
Posted on 12/17/24 at 2:13 pm to
Didn’t they do this already? Not too long ago? I don’t think anyone should be surprised.
Posted by The Hurricane
Gulf of Mexico
Member since Aug 2011
8939 posts
Posted on 12/17/24 at 2:15 pm to
quote:

get ready for women to start bitching

Athletic directors should show them what is spent on their team vs what they bring in.
Posted by Ponchy Tiger
Ponchatoula
Member since Aug 2004
47697 posts
Posted on 12/17/24 at 2:31 pm to
Only fair way to do this is whatever % each sport contributes from tv, ticket sales, merchandise, concessions, is the percentage that your sport receives
Posted by BigBinBR
Baton Rouge
Member since Mar 2023
7537 posts
Posted on 12/17/24 at 2:40 pm to
quote:

schools aren't being "forced" to pay.
they're being "allowed" to pay.



That is semantics. If the school wants to compete then they are going to have to pay. In fact, I bet you see a bunch of small schools stop offering as many athletic teams as they do now.
This post was edited on 12/17/24 at 2:41 pm
Posted by Swampcat
Member since Dec 2003
11651 posts
Posted on 12/17/24 at 2:55 pm to
quote:

I’m sure there will be a lot of really thoughtful opinions about the disparity across sports


And other divisions ( NAIA: D2, etc)
Posted by Nutriaitch
Montegut
Member since Apr 2008
9809 posts
Posted on 12/17/24 at 3:02 pm to
quote:

at is semantics. If the school wants to compete then they are going to have to pay.


it’s not semantics at all.

there is no rule or law forcing them to pay.

Posted by salty1
Member since Jun 2015
4821 posts
Posted on 12/17/24 at 3:28 pm to
quote:

This will 100% be the death of title IX


Title IX died when the first dude was allowed to play on the girls team. It’s just been a protracted death.
Posted by LSU316
Rice and Easy Baby!!!
Member since Nov 2007
29993 posts
Posted on 12/17/24 at 4:09 pm to
quote:

This will 100% be the death of title IX


Either that or Title IX will rein this in to basically nothing…..the two cannot coexist.
Posted by Topwater Trout
Red Stick
Member since Oct 2010
68734 posts
Posted on 12/17/24 at 4:13 pm to
quote:

Shouldn’t it go off how much revenue that sport pulled in?


yes but that is not the world we currently live in....WNBA for example.
Posted by UnitedFruitCompany
Bay Area
Member since Nov 2018
3726 posts
Posted on 12/17/24 at 4:49 pm to
quote:

yes but that is not the world we currently live in....WNBA for example.


arent they still on strike? They literally make zero dollars and are wanting an equal share of the pie. freaking hilarious. And all the new tv money is total bs too. Inflated price to pay for the rights to the actual NBA. if it was a true open market bid Guy Fieri would get more for his rights than the WNBA. Im not even kidding. Food Network prints money off of that guy and his shows.
Posted by GeorgeWest
Baton Rouge
Member since Nov 2013
14160 posts
Posted on 12/17/24 at 4:58 pm to
The ONLY sports that net a profit at LSU are football and MBB. And it is the SEC media package that funds much of that profit.

The SEC media package is rising dramatically in 25-26. That new income will help fund the revenue sharing in SEC athletics.
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