NCAA reaches $2.78B settlement for athletes

[SickOfPractice]

I can't even keep track anymore with NIL and all the financials in college athletics.

"U.S. District Judge Claudia Wilken released an order setting a timeline for a deal that would put millions of dollars into the pockets of college athletes, who can begin applying for payment on Oct. 18."

NCAA’s $2.78 billion settlement with colleges to allow athlete payments gets preliminary approval

A deal would allow the biggest schools to establish a pool of about $21.5 million in the first year to distribute money to athletes through a revenue-sharing plan.

www.1011now.com

 

[Hford]

NIL still exisst right?

 

[SickOfPractice]

NIL still exisst right?

According to this sentence from the article, yes.

"Athletes would still be able to cut name, image and likeness deals with outside groups."

 

[baseball31ne]

Don’t want to hear about how these college athletes are treated poorly and should not be criticized for poor play, bad decisions they make or anything else. They are now professional athletes going to school, hopefully, towards getting a degree.

 

[Hford]

How does this affect Nebraska?

 

[V-Doub]

NIL still exisst right?

Yes, but from I can gather many schools will have to “profit share” up to 20 million throughout all sports. So… I think schools must pay a base “salary” to all it’s scholarship athletes, in addition to whatever NIL contract a player can secure.

Legalize experts please correct me if I’m understanding this wrong. TIA

 

[beaglehusker]

I'll be expecting my backpay check in the mail

 

[Hford]

Attended a D2 intuition and a community college in the mid 90s

 

[SickOfPractice]

Don’t want to hear about how these college athletes are treated poorly and should not be criticized for poor play, bad decisions they make or anything else. They are now professional athletes going to school, hopefully, towards getting a degree.

That's what I've been dwelling on. It'll be harder going forward to not be critical of players who are driving a nicer car than I am, and probably making more money.

 

[mwulf]

Good for them. A huge majority of college athletes have a very small window to earn off their athletic ability. Get it while they can. If they want to spend it on stupid shit like watches and jewelry have at it. College kids making money doesnt mean the civilians in the stands are making less.

 

[Dean Pope]

Yes, but from I can gather many schools will have to “profit share” up to 20 million throughout all sports. So… I think schools must pay a base “salary” to all it’s scholarship athletes, in addition to whatever NIL contract a player can secure.

Legalize experts please correct me if I’m understanding this wrong. TIA

Thank goodness that college athletics is awash with hundreds of millions of dollars in TV revenue and slush fund tax deductible donations. Maybe now that partial scholarship baseball player's parents will see a little bit of payback from the $75k they spent for "select" travel team baseball.

 

[LandoHusker]

They are now professional athletes going to school, hopefully, towards getting a degree.

Why? They are professional athletes. Not Student Athletes anymore. If I am a Head Coach and my Job rested on professional players why would I even have them at class. 40 hours per week they would be on football. If the players want to go to class that would be on them. Also, why only 4 to 6 years. If they are getting paid why can't they play for 10 years or more until someone better comes along. They are Pros

Thank goodness that college athletics is awash with hundreds of millions of dollars in TV revenue and slush fund tax deductible donations. Maybe now that partial scholarship baseball player's parents will see a little bit of payback from the $75k they spent for "select" travel team baseball.

You supporters always claim Capitalism. But how much is that baseball team making? Why should a baseball player get any money from a FOOTBALL TV contract. Pay that baseball player whatever the Baseball team earns. And that goes with any sport. If your sport loses money? Get rid of it.
That is Capitalism

 

[huskerfan66]

So it doesn't say who has to pay the full amount and who doesn't