Current:Home > ScamsCreating NCAA women's basketball tournament revenue unit distribution on board agenda -Aspire Money Growth
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
View
Date:2025-04-19 13:07:24
The NCAA Division I Board of Directors is moving toward making a proposal as soon as Tuesday to a create a revenue distribution for schools and conferences based on teams’ performance in the women’s basketball tournament.
Such a move would resolve another of the many issues the association has attempted to address in the wake of inequalities between the men’s and women’s basketball tournaments that were brought to light during, and after, the 2021 events.
The topic is on the agenda for Tuesday’s board meeting, NCAA spokeswoman Meghan Durham Wright said.
It is likely that the board, Division I’s top policy-making group, will offer a plan that could be reviewed at Thursday’s scheduled meeting of the NCAA Board of Governors, which addresses association-wide matters. This would be such a matter because it concerns association finances.
Ultimately, the would need to voted on by all Division I members at January’s NCAA convention. If approved, schools could be begin earning credit for performance in the 2025 tournament, with payments beginning in 2026.
NCAA President Charlie Baker has expressed support for the idea, particularly in the wake of last January’s announcement of a new eight-year, $920 million television agreement with ESPN for the rights to women’s basketball tournament and dozens of other NCAA championships.
The NCAA is attributing roughly $65 million of the deal’s $115 million in average annual value to the women’s basketball tournament. The final year of the NCAA’s expiring arrangement with ESPN, also for the women’s basketball tournament and other championships, was scheduled to give a total of just over $47 million to the association during a fiscal year ending Aug. 31, 2024, according to its most recent audited financial statement.
The new money – and the total attributed to the women’s basketball tournament – will form the basis for the new revenue pool. It wouldn’t be anywhere near the dollar amount of the longstanding men’s basketball tournament-performance fund.
But women’s coaches have said the men’s distribution model encourages administrators to invest in men’s basketball and they are hopeful there will be a similar outcome in women’s basketball, even if the payouts are smaller.
That pool has been based on a percentage of the enormous sum the NCAA gets annually from CBS and now-Warner Bros. Discovery for a package that includes broadcast rights to the Division I men’s basketball tournament and broad marketing right connected to other NCAA championships.
For the association’s 2024 fiscal year the fee for those rights was set to be $873 million, the audited financial statement says, it’s scheduled to be $995 million for the 2025 fiscal year.
In April 2024, the NCAA was set to distribute just over $171 million based on men’s basketball tournament performance, according to the association’s Division I distribution plan. That money is awarded to conferences based on their teams’ combined performance over the previous six years.
The new women’s basketball tournament-performance pool could be based on a similar percentage of TV revenue attributed to the event. But that remains to determined, along with the timeframe over which schools and conferences would earn payment units.
Using a model based on the percentage of rights fees that is similar to the men’s mode could result in a dollar-value of the pool that would be deemed to be too small. At about 20% of $65 million, the pool would be $13 million.
veryGood! (6)
Related
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Mount Everest's melting ice reveals bodies of climbers lost in the death zone
- Video shows a meteotsunami slamming Lake Michigan amid days of severe weather. Here's what to know.
- Fossil of Neanderthal child with signs of Down syndrome suggests compassionate care, scientists say
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Russian satellite breaks up, sends nearly 200 pieces of space debris into orbit
- 4 Nations Face-Off: US, Canada, Finland, Sweden name first players
- Q&A: The First Presidential Debate Hardly Mentioned Environmental Issues, Despite Stark Differences Between the Candidate’s Records
- Arkansas State Police probe death of woman found after officer
- Judge partially ends court oversight of migrant children, chipping away at 27-year arrangement
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Will northern lights be visible in the US? Another solar storm visits Earth
- New Jersey governor signs budget boosting taxes on companies making over $10 million
- Roseanne Actor Martin Mull Dead at 80
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Lululemon's Hot July 4th Finds Start at Just $9: The Styles I Predict Will Sell Out
- 2024 NBA draft grades for all 30 teams: Who hit the jackpot?
- Judge partially ends court oversight of migrant children, chipping away at 27-year arrangement
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
Judge partially ends court oversight of migrant children, chipping away at 27-year arrangement
Supreme Court rejects Trump ally Steve Bannon’s bid to delay prison sentence
Storms threatens Upper Midwest communities still reeling from historic flooding
Former Danish minister for Greenland discusses Trump's push to acquire island
Arson blamed for fire that destroyed historic home on Georgia plantation site
Air tankers attack Arizona wildfire that has forced evacuations outside of Scottsdale
In Georgia, conservatives seek to have voters removed from rolls without official challenges