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Schools to revenue share and fund NIL
BleachedAnusDawg
Member Posts: 12,618
All of the portal stuff seems to have missed this discussion, unless I missed it.
As part of the proposed House v. NCAA settlement, schools will be allowed to share up to $20.5 million in athletic department revenue with their student-athletes each year via Name, Image, and Likeness (NIL) deals. This figure is expected to increase over the 10-year lifespan of the settlement. Schools will also be able to pay athletes directly, in addition to the NIL deals that they can pursue on their own.
This should reduce the third-party collectives influence - I have to imagine that this helps UW more than hurts it.
Comments
I think what you're talking about has been known for a while. I still think the thought it the teams that are doing the most in collectives will now just be able to do the $20.5 million plus a strong collective, so they will still have an advantage. It does seem like it's positive for UW though and it also seems like there's some smoke that UW might be doing a good job with engaging donors for NIL than they were before.
What @WoolleyDoog says is accurate. I’ll add that the 3rd party stuff remains as is until some kind of agreement comes together.
Who puts that agreement together? I have no fucking idea.
My assumption is we'll get the guy who is burning money on the basketball program and Ballmer and Gates to fun the program and then they'll shut down boosters.