Apparently the NCAA wants to settle. This is a "class action" of all the poor little picked on players who were cheated out of their NIL money by the mean ole colleges that only gave them free tuition, room, board, and books back 10 years.
NCAA is proposing $2.7B with a B. The NCAA would cut $1.1B out of its budget, plus insurance, and cash on hand. Here "budget" means the NCAA's funding of travel, venues, costs, and such for "olympic" sports. The rest would be a cut in what the NCAA pays the conferences and thus the schools out of the revenue pie. That is $1.6B over 10 years.
The vast majority of the NCAA's income comes from the men's basketball tournament TV deal with CBS and TNT. It has a small contract with ESPN for everything else. The NCAA doesn't get any money from I-A football.
So the NCAA wants to split the bill 60-40, with the 40 being the "power 5" conferences (the NCAA distributes money to the conferences based on a five year performance metric, the Pac 12, AKA the Pac 2, is entitled to money) and 60 comes from everybody else. The Group of 5, I-AA, and the non-football playing schools.
The vote is next week. The smaller schools, and the league that stands to lose the most, the Big East (it is due the most money based on the basketball formula of all the not-football schools).
ESPN=evil.
NCAA is proposing $2.7B with a B. The NCAA would cut $1.1B out of its budget, plus insurance, and cash on hand. Here "budget" means the NCAA's funding of travel, venues, costs, and such for "olympic" sports. The rest would be a cut in what the NCAA pays the conferences and thus the schools out of the revenue pie. That is $1.6B over 10 years.
The vast majority of the NCAA's income comes from the men's basketball tournament TV deal with CBS and TNT. It has a small contract with ESPN for everything else. The NCAA doesn't get any money from I-A football.
So the NCAA wants to split the bill 60-40, with the 40 being the "power 5" conferences (the NCAA distributes money to the conferences based on a five year performance metric, the Pac 12, AKA the Pac 2, is entitled to money) and 60 comes from everybody else. The Group of 5, I-AA, and the non-football playing schools.
The vote is next week. The smaller schools, and the league that stands to lose the most, the Big East (it is due the most money based on the basketball formula of all the not-football schools).
ESPN=evil.
