It looks like the NCAA is proposing the Non-P4 conferences pick up 60% of damages related to the NCAA's settlement with athletes over NIL. How does that make any sense? It would seem like the P4 conferences should pay for the vast majority of the damages. And IMO there should be a formula based on a school having elite level athletes, as that pool of players would have received the vast majority of NIL $.
Here are some quotes form ESPN article linked below:
The memo detailed how the NCAA could split up an expected $1.6 billion that would come from reductions in NCAA distribution, sources told ESPN. The remaining $1.1 billion is expected to come from NCAA reserves, catastrophic insurance, new revenue and budget cuts, sources said.
Of that $1.6 billion, nearly 60% is expected to come from leagues outside the Power 5 conferences that are named in the House lawsuit, sources said. (The NCAA is named, and all of the schools are members.) The other 40% will come from the power conferences.
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"We're not named in the lawsuit," said a source in a smaller league. "We don't have a voice in any of this. We're just being told what our taxation is."
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Added another source in a CCA22 league: "This is incredibly unfair and has a dramatic impact. I'm losing about 10% of my operating budget. Do I cut two staff members in order for money to go to Zion Williamson? Ninety percent of the money in the suit projects to go to Power 5 football and men's basketball players. The 40% payment for the power conference isn't proportionate."
NCAA NIL Settlement
Here are some quotes form ESPN article linked below:
The memo detailed how the NCAA could split up an expected $1.6 billion that would come from reductions in NCAA distribution, sources told ESPN. The remaining $1.1 billion is expected to come from NCAA reserves, catastrophic insurance, new revenue and budget cuts, sources said.
Of that $1.6 billion, nearly 60% is expected to come from leagues outside the Power 5 conferences that are named in the House lawsuit, sources said. (The NCAA is named, and all of the schools are members.) The other 40% will come from the power conferences.
************
"We're not named in the lawsuit," said a source in a smaller league. "We don't have a voice in any of this. We're just being told what our taxation is."
**************
Added another source in a CCA22 league: "This is incredibly unfair and has a dramatic impact. I'm losing about 10% of my operating budget. Do I cut two staff members in order for money to go to Zion Williamson? Ninety percent of the money in the suit projects to go to Power 5 football and men's basketball players. The 40% payment for the power conference isn't proportionate."
NCAA NIL Settlement