This reminds me of baseball in the late 90s where the big revenue teams kept everything and could spend as much as possible. In early 2000s I think, they adjusted it a little bit to give some equity but not before it really did some damage to the sport IMO.
Judge OK's $2.8B settlement, paving way for colleges to pay athletes
- Thread starter MuskieCy
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You really have to wonder just how long schools not in the B10 and SEC can continue to keep this going as the dollars are going to go up every year? Some like TT will have it covered by oil money, but how can some of these schools keep pace and continue to build up facilities and pay coaches the way they are now?
How?
That is why PE is being engaged and why media rights aggregation is being sought so that billions of TV dollars aren't being left on the table with the existing P4 and CFP media rights clustereff.
I don't think PE is necessary to achieve media rights aggregation at the end of the decade but some schools need the PE upfront cash to get by until then.
Blum was on KXNO this morning talking about this and how it will affect collectives. Sounds like its expected that there will be more appeals and lawsuits filed as a result of the settlement which is going to make things messy and complicated. Also was brought up how schools that are already exceeding the $20 mil threshold (TT spending around $40 mil on football alone was the example Heather brought up) are going to comply with this which Brent didn't have an answer for at the moment.
They way it seems that this lawsuit almost backfired on the student athletes essentially as it's going to cap the money a school can spend as well as require them to go through a clearing house for NIL money to verify if it fair market value. That would imply a booster or business can't just write a big check and call it NIL anymore when it's basically a pay for play without any check and balance market recently.
They way it seems that this lawsuit almost backfired on the student athletes essentially as it's going to cap the money a school can spend as well as require them to go through a clearing house for NIL money to verify if it fair market value. That would imply a booster or business can't just write a big check and call it NIL anymore when it's basically a pay for play without any check and balance market recently.
Luxury tax the you know what out of schools if their team value exceeds a certain amount. How do they do this? I have no clue.
Penn State, UCLA taking first eight-figure private capital deals with Elevate
Penn State and UCLA are the first two clients for Elevate's College Investment Initiative, signing eight-figure private capital deals.
