According to Pete Thamel, the ACC has joined the Big 12 in approving the NCAA's settlement in the House case (one of three anti-trust lawsuits facing the NCAA right now). The settlement is the next step toward a new era of college sports, with the NCAA paying millions to former student-athletes in "missed" NIL opportunities and schools sharing revenue with current student-athletes.
The expectation is that schools will be on the hook for $20-22 million in revenue-sharing and maybe another million or two in new scholarships, since the NCAA is expected to remove scholarship limits (while also limiting total roster size). On top of that, the NCAA is likely going to hold back a couple million from its annual distributions to contribute to the "back pay" for former student-athletes.
The end result is that schools will probably be on the hook for $23-25 million annually.
That's a not-insignificant amount, and I think it's going to lead to some tough decisions for Pitt leadership in the coming years (or maybe months).
I talked about this proposed settlement and what it could mean for Pitt on an episode of the Morning Pitt last week
