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$300 million over 10 years
Posted on 5/21/24 at 1:45 pm
Posted on 5/21/24 at 1:45 pm
7
Posted on 5/21/24 at 8:51 pm to ukraine_rebel
If I read the article correctly your thread title is wrong. It should be:
“$300 million per year for 10 years”
That is a much bigger settlement than $300 million over 10 years.
“$300 million per year for 10 years”
That is a much bigger settlement than $300 million over 10 years.
Posted on 5/21/24 at 8:53 pm to ukraine_rebel
$20B over ten years.
Posted on 5/21/24 at 8:58 pm to ukraine_rebel
I wonder if we’re witnessing the final days of the NCAA. They’re being utterly routed on every front.
Posted on 5/22/24 at 9:18 am to FlyDownTheField83
From the article
The line your quoting is the cost to the NCAA, the NCAA will pay $300 million a year.
quote:
At the end of it all is a steep price tag — as much as $300 million per school over the 10-year settlement agreement. That figure assumes a school (1) meets a revenue distribution cap of $21 million; (2) $2 million in withheld NCAA distribution for back damages; and (3) as much as $10 million in additional scholarship costs related to an expansion of sport-specific roster sizes.
The line your quoting is the cost to the NCAA, the NCAA will pay $300 million a year.
quote:
The NCAA is responsible for paying the amount over a 10-year period, roughly $277 million annually. About 60% of that will come from a reduction in distribution to its schools. The NCAA is responsible for closing the 40% gap through other means, such as reserves, other net incomes and a significant reduction in operating expenses of as much as $18 million annually.
Posted on 5/22/24 at 9:21 am to FlyDownTheField83
quote:
If I read the article correctly your thread title is wrong. It should be:
“$300 million per year for 10 years”
That is a much bigger settlement than $300 million over 10 years.
Ncaa "dues" will be increased!
Posted on 5/22/24 at 9:23 am to ukraine_rebel
That’s a drop in a bucket compared to our taxes that are going to your motherland
Posted on 5/22/24 at 9:30 am to ukraine_rebel
get ready average college fan
ticket prices about to go up in all sports to fund this settlement
ticket prices about to go up in all sports to fund this settlement
Posted on 5/22/24 at 9:40 am to ukraine_rebel
Who is receiving this money?!
Posted on 5/22/24 at 9:51 am to BurgTiger
Fans should sue for not getting NIL payments 
lawyers gonna lawyer. I have no idea who is getting the money and why or why folks from the 90’s can’t get money for missing out on NIL
lawyers gonna lawyer. I have no idea who is getting the money and why or why folks from the 90’s can’t get money for missing out on NIL
Posted on 5/22/24 at 10:11 am to BurgTiger
quote:
Who is receiving this money?!
The article says the damage calculated is 2.77 b until 2021 when NIL was allowed, therefore I assume the recipient will be collegiate athletes that played prior to 2020.. I'm sure there is a curve of some sort..
There are 190,000 D1 athletes per Google
Depending on how far back they go.. I'm guessing each athlete will get $1200 or so for each year they played. I would assume the numbers get smaller the farther back you go..
$2.7b is a huge number
what each person gets.. not so much, but I assume anything is better than nothing.. because if both sides don't come to an agreement.. the NCAA files bankruptcy and the former athletes get nothing
This is the world we live in today. Complete tomfrickery on all levels.. up and down the board.. including myself.. we built this monster.. now we have to live with the results..
Posted on 5/22/24 at 10:14 am to ukraine_rebel
quote:
About 60% of that will come from a reduction in distribution to its schools.
with as many NCAA schools as there are, that's not that much money per school
Posted on 5/22/24 at 10:15 am to BurgTiger
quote:
Who is receiving this money?!
It's a class action lawsuit, so anyone who joined the class. That number will be in the tens of thousands of former NCAA athletes. Each individual will not receive much money, such being the norm in class action lawsuits
Posted on 5/22/24 at 10:31 am to Radio One
quote:
wonder if we’re witnessing the final days of the NCAA. They’re being utterly routed on every front.
Yes
Posted on 5/22/24 at 12:05 pm to Summer of Jimbo
That’s gotta be the death knell for the NCAA. They will probably file for bankruptcy.
Posted on 5/22/24 at 12:40 pm to ManBearSharkReb
quote:
That’s gotta be the death knell for the NCAA. They will probably file for bankruptcy.
Certainly if the settlement falls through or is rejected by the judge.
Posted on 5/22/24 at 12:48 pm to ukraine_rebel
300 million per school over 10 years? How many schools?
Posted on 5/22/24 at 12:49 pm to GeauxtigersMs36
quote:
300 million per school over 10 years? How many schools?
The former P5 schools, the G5 get to pay a discounted rate undisclosed in the article.
This is why Trev Alberts laid off a bunch of folks, why we've halted our baseball and football expansion projects and will still have Coach Bianco in 2025.
This post was edited on 5/22/24 at 12:51 pm
Posted on 5/22/24 at 1:07 pm to ukraine_rebel
If I'm the Power 5 conferences the NCAA takes the fall and files bankruptcy. The conferences can argue they were being held hostage LOL...if they don't take the fall and file the person who makes that decision would have an accident and the successors would have one as well until one of them agreed that having accidents is a bad way to do business and agrees to accept all of the blame.
Posted on 5/22/24 at 1:09 pm to Radio One
quote:
I wonder if we’re witnessing the final days of the NCAA. They’re being utterly routed on every front.
Hard to imagine what is, for all practical purposes, a promoter of a basketball tournament, surviving a $2.7 Billion settlement, even one spread out over 10 years...
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