And if they don’t make the playoff they would probably rather just fly to Vegas for a vacation during winter break.
Revenue Sharing (up to $22M/School/Year) & improved Medical Care: Kevin Warren met w/ Football Players in July 2022 to discuss these Issues
- Thread starter Franisdaman
- Start date
Excerpts from the AP:
Specifically, the athletic departments will have to figure out how to replace up to $21.5 million they could be paying athletes as part of a first-of-its-kind revenue-sharing agreement. This is where payouts from the football playoff and even revenue from an extra marquee regular-season game could come into play, though that won’t fully solve the problem.
“There’s two ways to get there,” Illinois athletic director Josh Whitman said at the Big Ten’s recent basketball media days. “You can either make more money or you can spend your money differently, and we’re working very aggressively on both of those fronts to put ourselves in a position to fully participate in the revenue share when it opens up next year.”
The leaders also have to take educated guesses about how other legal and legislative action could impact them in the future. For instance, if players are deemed to be employees of the schools, it would add another layer of expense for the schools while potentially giving athletes access to school-funded health insurance and other benefits.
One news tidbit that could become a trend: Last month’s announcement that Tennessee was slapping a 10% “talent fee” onto the price of next year’s season tickets to help offset costs associated with the revenue-sharing plan.
apnews.com
Landmark lawsuit settlement
On Monday, a judge approved a plan that sets in motion the system for schools to eventually make direct payments to athletes. It will change the fundamental nature of college sports, and the two biggest conferences will feel as big an impact as anyone.Specifically, the athletic departments will have to figure out how to replace up to $21.5 million they could be paying athletes as part of a first-of-its-kind revenue-sharing agreement. This is where payouts from the football playoff and even revenue from an extra marquee regular-season game could come into play, though that won’t fully solve the problem.
“There’s two ways to get there,” Illinois athletic director Josh Whitman said at the Big Ten’s recent basketball media days. “You can either make more money or you can spend your money differently, and we’re working very aggressively on both of those fronts to put ourselves in a position to fully participate in the revenue share when it opens up next year.”
The leaders also have to take educated guesses about how other legal and legislative action could impact them in the future. For instance, if players are deemed to be employees of the schools, it would add another layer of expense for the schools while potentially giving athletes access to school-funded health insurance and other benefits.
One news tidbit that could become a trend: Last month’s announcement that Tennessee was slapping a 10% “talent fee” onto the price of next year’s season tickets to help offset costs associated with the revenue-sharing plan.
SEC, Big Ten leaders mulling future of fast-changing college sports
The Big Ten and SEC already have the upper hand in college football. At meetings this week, their leaders are setting the stage to exact even more control over the sport’s future.
apnews.com
Somehow these players getting paid directly by the schools won't be classified as employees.
The story from ESPN:
www.espn.com
The story from ESPN:
Landmark college settlement gets preliminary OK
A judge granted preliminary approval to the landmark $2.78 billion legal settlement that would transform college sports by allowing schools to pay players.
With the universities paying the players, who gets paid what has to be publicly disclosed, correct?
As an attorney, I would say the nil is the least transparent system I've seen. It's ripe for future litigation.
Like what happened to the UNLV quarterback? Seems like promises were made (according to him) & not fulfilled.
Yup. I'll just say that the general counsel at the ui was pretty poor in the past. Maybe they've addressed that issue.
Good question. Possibly not, if they are not classified as employees.
We know what all the coaches get paid by the university but we won't know what the players are getting paid by the university.
Crazy world. And it's probably just going to get crazier as revenues rise and players want more.
Note that Ross Dellenger of Yahoo Sports reported that the standard across the main 4 conferences will have 90% of the revenue share going to football and men's basketball players
Between NIL (and soon revenue sharing), these athletes are doing quite well.
Check out Brad's comment.
Check out Brad's comment.
Interesting how SWARM was competitive (and the winner) vs LSU & Oklahoma.
Clown fans being asked for more money.
full text of tweet:
Cyclone Club giving levels price increase of 20%.
Also adding sales tax to ticket sales, increasing price of women’s basketball season tickets by $50.
Jamie Pollard says it’s to “address the $20M increase in our department’s expenditures” attributed to revenue sharing with student-athletes, coaching contract extensions, and new CFP and Big 12 revenue distribution.
Full details in letter linked below.
full text of tweet:
Cyclone Club giving levels price increase of 20%.
Also adding sales tax to ticket sales, increasing price of women’s basketball season tickets by $50.
Jamie Pollard says it’s to “address the $20M increase in our department’s expenditures” attributed to revenue sharing with student-athletes, coaching contract extensions, and new CFP and Big 12 revenue distribution.
Full details in letter linked below.
Clown U won't have the TV revenue that Iowa will be getting; this is what they are doing to make ends meet
Probably not given the athletic department owes the university $235.1 million.
So they can hide what they are getting paid. Lol. Locker rooms would be chaos.Somehow these players getting paid directly by the schools won't be classified as employees.
The story from ESPN:
Landmark college settlement gets preliminary OK
A judge granted preliminary approval to the landmark $2.78 billion legal settlement that would transform college sports by allowing schools to pay players.
Since the UI will be paying athletes, won't the amount they will be paid be public information?
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