Interesting article from the Washington Post on revenue sharing and solutions to compensating athletes.
“A settlement in House v. NCAA is expected. That much is clear. But beyond those damages — which would be paid to past athletes who sued over not being compensated for the use of their name, image and likeness (NIL) in television broadcasts — a settlement would also establish a system for schools to share revenue directly with athletes for the first time. According to multiple reports, revenue sharing would be a choice for each school and initially capped around $20 million per year. And that’s where everything would get more complicated.
“When a number like $2.7 billion gets thrown around in a settlement, and a number like $20 million a year gets thrown around as the number that the school can directly share with the athletes, kids and parents are going to care, and they’re going to have a lot of questions,” said Jim Cavale, the founder and CEO of Athletes.org, one of the organizations hoping to represent athletes in future bargaining talks. As of now, though, discussions have not included collective bargaining rights for athletes, meaning the plaintiffs’ lawyers are negotiating the next iteration of college sports.”
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www.washingtonpost.com
“A settlement in House v. NCAA is expected. That much is clear. But beyond those damages — which would be paid to past athletes who sued over not being compensated for the use of their name, image and likeness (NIL) in television broadcasts — a settlement would also establish a system for schools to share revenue directly with athletes for the first time. According to multiple reports, revenue sharing would be a choice for each school and initially capped around $20 million per year. And that’s where everything would get more complicated.
“When a number like $2.7 billion gets thrown around in a settlement, and a number like $20 million a year gets thrown around as the number that the school can directly share with the athletes, kids and parents are going to care, and they’re going to have a lot of questions,” said Jim Cavale, the founder and CEO of Athletes.org, one of the organizations hoping to represent athletes in future bargaining talks. As of now, though, discussions have not included collective bargaining rights for athletes, meaning the plaintiffs’ lawyers are negotiating the next iteration of college sports.”
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