The settlement has me wondering if there is another layer of games here
From the article below...
"This simmering battle has reached a boiling point this summer with House settlement terms. The Other 28 are responsible for 35% of the $2.77 billion in back damages to be paid to former college athletes over a 10-year period. That figure, about $970 million, has incited harsh public criticism from their commissioners who say they were not involved in the settlement negotiations...
The power conferences are paying about 23% while the NCAA national office foots 42% of the bill. The confounding part, many commissioners say, is that about 95% of the $2.77 billion in back-pay is intended to be distributed to power conference athletes."
So assuming everything is accurate, P5 athletes get 95% of the $2.77 billion in back-pay. But the payment is only 23% from P5, 42% from NCAA and 35% from the 28 smaller conferences.
Meanwhile, when looking at NCAA payouts from basketball (old article linked below but with a good sample of data), it looks like the P5 earned about 45% of the units in the past. So lets round up and say they now get 65% of the basketball payouts each year. I'm thinking that is how the NCAA came to it's payout % and sticking the small guys with 35% of the bill. But it's a false calculation and is not how the settlement should be determined.
I think basketball money sharing from the NCAA side has been very fair and consistent. This is all about regular season media money for basketball and overall media money for football. The media contracts should be the sole criteria for determining who has to pay the settlement. I'd guess less than 5% should come from the 28 small conferences.
Thread Replies (8)
Financial Report article & the $20M House agreement question.
-- mjfhokie
Jun 24, 2024 at 02:30 PM ET
mjfhokie
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06/24/24 02:30 PM ET
Best to watch for a while........
-- 2hhoop3
Jun 24, 2024 at 05:14 PM ET
2hhoop3
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06/24/24 05:14 PM ET
The settlement has me wondering if there is another layer of games here
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-- HokieAl
Jun 24, 2024 at 05:51 PM ET
HokieAl
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06/24/24 05:51 PM ET
VaTech and UVA should be the first not to pay.
-- VPI 1924
Jun 24, 2024 at 04:42 PM ET
VPI 1924
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06/24/24 04:42 PM ET
You must account for many other numbers changing
-- LeadingEdge
Jun 24, 2024 at 02:51 PM ET
LeadingEdge
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06/24/24 02:51 PM ET
Either cut costs or raise prices or both
-- HokieAl
Jun 24, 2024 at 02:41 PM ET
HokieAl
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06/24/24 02:41 PM ET
Believe the House agreement affects the 2025/2026 fiscal year.
-- RJHokie
Jun 24, 2024 at 02:40 PM ET
RJHokie
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06/24/24 02:40 PM ET
That’s a complete waste of money!!!**
-- VPI 1924
Jun 24, 2024 at 04:44 PM ET
VPI 1924
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06/24/24 04:44 PM ET