Right. I guess my question isn’t so much the NCAA going bankrupt, because those lawsuit damages would get passed on to the schools. There’s already a big payment coming with the settlement check (what is it $22M per year for each power school).
But if more lawsuits come from athletes who competed prior to 2016 (like Terrell’s Pryor’s today) and the courts rule in the athletes favor, what are the chances the fines render some (many?) member athletic departments insolvent
Yea if more lawsuits are coming, I'm not sure what the incentive is for Presidents to settle one-off agreements that only apply to athletes during certain years. And if Presidents agree to make athletes university employees go-forward, does that create a historical & future liability for medical expenses and CTE.
Even before the lawsuits, seems one could argue 80% of athletic departments within D1 are operating as insolvent entities already. Either because they borrow money from their Universities General Fund or they operate based on revenues equal expenses. What assets does an Athletic Department have? Facilities. Who owns the land these buildings are on?
The settlements were going to be paid from future revenue, so as you point-out, how much excess future revenue (growing TV $) would athletic departments have to pay additional lawsuits? In the end, IMO the growing number of lawsuits spells the end of most Olympic sports. And a decline in schools that offer revenue sports like baseball, volleyball, wrestling, softball and basketball.