NCAA, power conferences agree to allow schools to pay players

[OrangeXtreme]

Uh, what in the hell is the Pac-12, isn't it the Pac-2?

The lawsuit was filed years ago, when there were 12 teams.

Besides, the exodus isn't happening until July 1, or Aug 1.

 

[Dcuse]

All Division I athletes dating back to 2016 are eligible to receive a share as part of the settlement class. In exchange, athletes cannot sue the NCAA for other potential antitrust violations and drop their complaints in three open cases -- House v. NCAA, Hubbard v. NCAA and Carter v. NCAA.

The settlement terms must be approved by Judge Claudia Wilken, who is presiding over all three cases. That process is expected to take several months, and sources said schools likely will begin sharing revenue in fall 2025. The NCAA's Board of Governors and leaders from the ACC, Big Ten, Big 12, SEC and Pac-12 voted to accept the general terms laid out in a 13-page document.

The settlement terms provide a 10-year window to fully pay out the $2.7 billion. Berman said each player in the class will get an annual check worth 10% of the money they are owed. He said Wilken will approve how much money will go toward attorneys' fees.

Several athletic directors told ESPN that they are hopeful the settlement lays the groundwork for a system where success on the field is less dependent on which schools can spend the most money. Sources said some of the challenges to solve include figuring out how to distribute the revenue share money in a way that meets market needs while complying with Title IX laws and if schools can regain control of the marketplace for college athletes, which has been outsourced during the last three years to a group of booster collectives, who pay athletes via name, image and likeness endorsement deals.

It’s the last paragraph here that gives me hope for the future of college sports. A profit sharing system which evens the playing field at least somewhat. Dare I say, possibly a system where a kid chooses a school for an athletic, academic or favorite school growing up reason instead of going door to door with his or her hand out.

 

[OrangeXtreme]

It’s the last paragraph here that gives me hope for the future of college sports. A profit sharing system which evens the playing field at least somewhat. Dare I say, possibly a system where a kid chooses a school for an athletic, academic or favorite school growing up reason instead of going door to door with his or her hand out.

You mean the school with the hottest chicks, right.

 

[Dcuse]

You mean the school with the hottest chicks, right.

Did I leave that one out?

 

[Capt. Tuttle]

When does CBA, Unionize, Salary Caps, Revenue Sharing, Benefits and ... begin?

Not soon enough. People who think kids haven’t been getting paid all along are delusional.
Back in the day, Marcus Liberty was set on Cuse, right up until he called SU and said that Illinois was taking care of his whole family.
I posted an interview with Johnny Manziel where he said his father asked for $3,000,000, for Johnny to sta for his Jr & Sr year. Money has always been around college sports.
In the 50/60s, SU FB players were getting $100 handshakes and bills left in their cleats. (From “Out of Their League”, by Dave Meggesy, SU and NFL lineman.)
Folks who think college sports is pure also believe their mother is a virgin.

 

[Capt. Tuttle]

You mean the school with the hottest chicks, right.

And boosters who are willing to give that little bit extra, under the table.

 

[baggerbob]

Not soon enough. People who think kids haven’t been getting paid all along are delusional.
Back in the day, Marcus Liberty was set on Cuse, right up until he called SU and said that Illinois was taking care of his whole family.
I posted an interview with Johnny Manziel where he said his father asked for $3,000,000, for Johnny to sta for his Jr & Sr year. Money has always been around college sports.
In the 50/60s, SU FB players were getting $100 handshakes and bills left in their cleats. (From “Out of Their League”, by Dave Meggesy, SU and NFL lineman.)
Folks who think college sports is pure also believe their mother is a virgin.

And we got nailed twice for peanuts, because we had 2 AD's who co-operated with the NCAA, instead of threatening them with a lawsuit.

 

[Toga]

Are there any dots to connect this with the recent report on the future structure of college athletics in which Syverud was involved?

 

[HRE Otto IV]

So do the TV contracts get unbundled? Or do will they provide break downs per sport? Otherwise the $20M will need to be divided evenly amongst the athletes. I think unbundling would be a good thing. We can scrap the mega conferences for Olympic sports and only have them for FB and BBall.

 

[richmondcuse03]

Are there any dots to connect this with the recent report on the future structure of college athletics in which Syverud was involved?

Yes (hopefully). The good news is that schools will start paying athletes directly in 2025 and we can hopefully have the NIL collectives just be an additional war chest vs. the main one.

 

[kcsu]

With schools paying directly i would expect it will be done via employment contracts with terms and conditions that will hopefully stop a lot of this madness.

 

[CousCuse]

This puts the final touches on the SEC and the B1G separating from the rest. Also don't see how the ACC can argue in court to stop schools from going up now that this creates a tier system.

 

[kcsu]

This puts the final touches on the SEC and the B1G separating from the rest. Also don't see how the ACC can argue in court to stop schools from going up now that this creates a tier system.

This has nothing to do with the ACC media deal and grant of rights.

 

[CousCuse]

This has nothing to do with the ACC media deal and grant of rights.

Those agreements were made before this new era.

 

[phreddie]

Those agreements were made before this new era.

Irrelevant. Do you think this settlement somehow invalidates existing contracts?

 

[CousCuse]

Irrelevant. Do you think this settlement somehow invalidates existing contracts?

There is no way possible that teams that aren't in the SEC/B1G will compete for anything with the huge monetary discrepancies. You think a judge is going to say tough luck that you didn't know the whole thing was going to change so drastically?

 

[Dcuse]

Yes (hopefully). The good news is that schools will start paying athletes directly in 2025 and we can hopefully have the NIL collectives just be an additional war chest vs. the main one.

Unless there is something governing NIL, there is no good news.

 

[kcsu]

Those agreements were made before this new era.

So was the constitution. This era has zero to do with the media rights and governance of leagues

 

[jungleman46]

It must be emphasized that the athletes deserve a fair share of the revenue, for too long they were exploited. However, this officially marks the end of an era, and now rivalries and tradition are set aside for maximizing profit. There needs to be measures in place to ensure parity, or else we'll see many uncompetitive football games throughout the seasons to come.

 

[richmondcuse03]

Unless there is something governing NIL, there is no good news.

The schools have a LOT more money than collectives. The schools can negotiate contracts now and eliminate the collectives. And players can contract directly with marketing agencies or brands directly (like many have been doing). It'll be pure pay for play and much better than now. The current situation is an utter cluster. It cant be this bad.

 

[phreddie]

There is no way possible that teams that aren't in the SEC/B1G will compete for anything with the huge monetary discrepancies. You think a judge is going to say tough luck that you didn't know the whole thing was going to change so drastically?

Yes.

Do you think a judge will invalidate your mortgage just because you no longer like the terms you agreed to?

 

[richmondcuse03]

Here's a good legal take on the actual mechanisms...

 

[CU44SE]

Just look at the WNBA Aces. NIL is not going away. It will still play a pivotal role in getting certain players.

Looks like each school will be capped at 21 million dollars to use on their athletes.

I think this leaves a lot of questions. Are they able then to facilitate NIL deals apart from the 21 million dollars? I would assume not. I would assume the school would be hard capped at that 21 million dollars. So any additional funds, endorsements would continue to come from the collectives.

Schools with big collectives will be able to utilize those collectives to pay more players and higher salaries than the less fortunate collectives.

It’s a start, but I think there are still a ton of questions left to be figured out.

Edit: just read the two threads on X from above. The NIL 3rd party reporting is very interesting and fair market value. That’s an interesting twist. Another interesting twist is title IX. Will you have to pay the same number of female athletes and male athletes? Or will it have to be the same monetary value to females and males.

Personally I think they should split the money up per sport. That way everyone is playing on equal footing. It creates parity. You’re going to have some schools that spend way more on basketball than football. Like the Big East for example. How much do they get. These schools will spend all the money on basketball while other schools are supporting football too. Creating a potential unfair advantage.

 

[richmondcuse03]

Just look at the WNBA Aces. NIL is not going away. It will still play a pivotal role in getting certain players.

Looks like each school will be capped at 21 million dollars to use on their athletes.

I think this leaves a lot of questions. Are they able then to facilitate NIL deals apart from the 21 million dollars? I would assume not. I would assume the school would be hard capped at that 21 million dollars. So any additional funds, endorsements would continue to come from the collectives.

Schools with big collectives will be able to utilize those collectives to pay more players and higher salaries than the less fortunate collectives.

It’s a start, but I think there are still a ton of questions left to be figured out.

Edit: just read the two threads on X from above. The NIL 3rd party reporting is very interesting and fair market value. That’s an interesting twist. Another interesting twist is title IX. Will you have to pay the same number of female athletes and male athletes? Or will it have to be the same monetary value to females and males.

Personally I think they should split the money up per sport. That way everyone is playing on equal footing. It creates parity. You’re going to have some schools that spend way more on basketball than football. Like the Big East for example. How much do they get. These schools will spend all the money on basketball while other schools are supporting football too. Creating a potential unfair advantage.

Agree on the third party reporting. Will be interesting to see how that actually works. And what is fair market value if it's just for name, image and likeness? Isn't the true fair market value there just having players negotiating brand contracts with marketing agencies or companies directly? Why do we need a collective to get in the middle?

 

[TerryD]

This sounds like a disaster. School athletic departments are gonna go bankrupt with the terms of this settlement.. Why does anyone think this is a good idea? I understand revenue sharing for athletes going forward, but pay for athletes who are long gone makes zero sense. NCAA rules had forbidden it.

Because they knew that the trial outcome may have been much, much worse.