NCAA Settlement Plan - Anti-Trust Damages

[Cat941]

According to a source, one smaller non-power football league was told in the NCAA memo that it would be expected to pay more than $2.5 million per year to help cover the costs of the settlement. A source in that CCA22 league said that amount is approximately 25 percent of the annual NCAA revenue for the schools in the league.

"We're not named in the lawsuit," said a source in a smaller league. "We don't have a voice in any of this. We're just being told what our taxation is."

[Cat941]

 

[hm101]

What are we doing here

[BigSteve]

Not good…

[Cat941]

In the Group of Five conferences and the non-FBS leagues sharing revenue is more difficult. At that level, athletic departments do not normally turn a profit, rely heavily on university and state funding and often struggle, in this NIL era, to offer athletes much in third-party benefits. The average G5 collective is believed to have on hand around $1 million compared to the $5-15 million in the power conferences. At the non-FBS leagues, the numbers are believed to be far lower than even those in the G5.

For those conferences, such as the Big East, the back damages loom as a significant expense compared to their athletic budget. Because the NCAA’s formula is calculated on basketball-related distribution and not total athletic budget, the Big East is at a financial disadvantage.

Edited May 19 by Cat941
ETA

[Grateful Dad]

I deleted my post because I have nothing good to say about how college sports are being run.

[BigSteve]

[Bear]

In two decades, they broke college football

[Cat941]

The NCAA is weak, the Power 5 is greedy, and the smaller conferences are paying the price.

WWW.INDYSTAR.COM

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Bottom line of the next seismic shift in college sports: The NCAA is weak, the Power 5 is greedy, and smaller conferences are about to pay for it.

 

[Cat941]

 

With $2.8B settlement looming, NCAA's smaller conferences feeling squeezed: 'What other options are there?'

SPORTS.YAHOO.COM

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College sports is on the brink of a deal that'd require a massive amount in damages. But schools outside the power conferences aren't too happy about the split...

At issue is the schools’ portion. The power conferences will pay about $664 million in contributions to the damages. The other 27 non-power conferences will pay $990 million.

 

“It’s both ironic and a gut punch,” Wistrcill told Yahoo Sports in an interview Tuesday. “The SEC and the Big Ten are announcing record revenues and distributions to their members while I’m looking at a 10% operating budget cut so that money can go to their former student-athletes.”

 

Edited May 22 by Cat941