Ohio State football coach Ryan Day is supportive of a proposed legal settlement that would allow universities to begin sharing millions of dollars in revenues with athletes as soon as next year.
The deal, which was reached two weeks ago to resolve three antitrust lawsuits the NCAA faced over limits on compensating players, requires the association to pay nearly $2.8 billion in damages over a decade and establishes a model for revenue sharing moving forward, according to a letter sent by president Charlie Baker to member schools.
Terms of the settlement remain subject to approval by a federal judge later this year, but are poised to allow schools to allocate up to 22% of the average major conference institution’s annual revenue to its athletes, a figure that is expected to be at least $20 million once the payments take effect in the 2025-26 academic year.
April 13, 2024; Columbus, Ohio, USA; Ohio State head football coach Ryan Day speaks to players during the first half of the LifeSports spring football game at Ohio Stadium on Saturday.
“There’s still a lot of things to be figured out, but we’re excited about it,” said Day, who noted potential revenue sharing as good for college football on the whole.
How a school like Ohio State, which sponsors 36 varsity sports, as many as any in a power league, divides the spending cap among its athletes remains a bit murky, though.
Will the bulk of it go to players in football and men’s basketball, the sports that generate the majority of the athletic department’s operating revenues? Or will Title IX, the federal gender equity law that requires schools to dedicate equal resources to men’s and women’s sports, lead to equal distributions?
The question is perhaps the biggest confronting athletic departments, one that must be sorted out over the next 14 moths.
As Day spoke with…
Source link : https://sports.yahoo.com/ohio-state-football-coach-ryan-214347134.html
Author : The Columbus Dispatch
Publish date : 2024-06-04 21:43:47
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