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The NCAA Has (Mostly) Eliminated the National Letter of Intent
Posted on 10/9/24 at 9:42 am
Posted on 10/9/24 at 9:42 am
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Historic changes are coming to college sports. The NCAA Division I Council approved Wednesday to eliminate the National Letter of Intent program.
The changes come as the NCAA undergoes its most seismic changes to date. The House v. NCAA settlement would permit schools to pay athletes more than $20 million annually, spurring the NCAA and its leaders to rethink their amateurism rules.
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The National Letter of Intent (NLI) program started in 1964 and is the binding agreement signed by recruits for generations. Instead, financial aid and scholarship agreements are expected to be used. The entire NLI will not be ditched, however, as the recruiting rules around the program will still be commonplace. When athletes enter the transfer portal and move schools, most just sign an athletics aid agreement.
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While the House v. NCAA settlement still faces a months-long process to be approved, a new binding document between a school and athlete will need to be created with the introduction of revenue sharing which spurred the elimination of the NLI.
NCAA eliminating National Letter of Intent
This post was edited on 10/9/24 at 9:44 am
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Posted on 10/11/24 at 10:57 am to Sl0thstronautEsq
This is going to be insane.
National Signing Day did not die — it may be its most thrilling yet
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The NCAA Division I Committee eliminated the National Letter of Intent program on Wednesday, leaving questions about the future of National Signing Day and the college football recruiting calendar. In reality, not much about the tradition of National Signing Day or the recruiting process is changing.
Instead of recruits signing a National Letter of Intent as a binding agreement, they will sign financial aid and revenue share documents. It’s the next step in the evolution of college athletics, as the House v. NCAA settlement is expected to begin July 1, 2025, allowing schools to share up to $22 million in revenue with athletes annually. Recruits will have on paper what they are expected to earn before signing with a school in the years to come.
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“It used to be two separate things,” a Big 12 source told On3. “Sign the dotted line and get the kid in the building. Then figure out the financials. Now they’re combining it into one thing and that is going to frick up a ton of signings. This is going to turn into a shite show.”
With the new changes, recruits are prohibited from signing multiple valid aid agreements. This means when the athlete signs with an institution, recruiting must stop. The 2025 recruiting class will be the first cycle to earn revenue share in college, however, they won’t sign agreements until after July when the settlement is approved.
National Signing Day did not die — it may be its most thrilling yet
This post was edited on 10/11/24 at 11:12 am
Posted on 10/11/24 at 11:03 am to Sl0thstronautEsq
In the words of Wu Tang.....
C.R.E.A.M
C.R.E.A.M
Posted on 10/11/24 at 11:04 am to Sl0thstronautEsq
Posted on 10/11/24 at 11:12 am to Sl0thstronautEsq
How to let 2 sports ruin the other ~20.
Posted on 10/11/24 at 3:44 pm to Sl0thstronautEsq
I always wished Alabama could have a professional sports team. But never like this.
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