Current:Home > ScamsCreating NCAA women's basketball tournament revenue unit distribution on board agenda -Secure Growth Academy
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
View
Date:2025-04-16 18:44:55
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! (53515)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Arkansas’ prison board votes to fire corrections secretary
- ‘Obamacare’ sign-ups surge to 20 million, days before open enrollment closes
- France’s youngest prime minister is a rising political star who follows in Macron’s footsteps
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Bachelor Host Jesse Palmer and Wife Emely Fardo Welcome First Baby
- Horoscopes Today, January 10, 2024
- Jimmy Kimmel slammed Aaron Rodgers: When is it OK to not take the high road?
- South Korean president's party divided over defiant martial law speech
- Like Pete Rose, Barry Bonds and Lance Armstrong, Aaron Rodgers trashes his legacy
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Biden’s education chief to talk with Dartmouth students about Islamophobia, antisemitism
- Court sends case of prosecutor suspended by DeSantis back to trial judge over First Amendment issues
- 3 adults with gunshot wounds found dead in Kentucky home set ablaze
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Why oil in Guyana could be a curse
- SAG Awards 2024: See the complete list of nominees
- Nick Saban is retiring from Alabama: A breakdown of his seven overall national titles
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
Lisa Rinna's Confession About Sex With Harry Hamlin After 60 Is Refreshingly Honest
Adan Canto, Designated Survivor and X-Men actor, dies at age 42 after cancer battle
Wisconsin Assembly Speaker Robin Vos targeted for recall for not supporting Trump
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
A suburban Chicago man has been sentenced in the hit-and-run death of a retired police officer
Tennessee governor, music leaders launch push to protect songwriters and other artists against AI
Alaska Airlines cancels flights on certain Boeing planes through Saturday for mandatory inspections