Current:Home > ScamsCreating NCAA women's basketball tournament revenue unit distribution on board agenda -InvestPioneer
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
View
Date:2025-04-18 16:51:22
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! (261)
Related
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- 200 victims allege child sex abuse in Maryland youth detention facilities
- New Mexico legislators seek endowment to bolster autonomous tribal education programs
- Sheriff’s deputies corral wayward kangaroo near pool at Florida apartment complex
- Federal hiring is about to get the Trump treatment
- Bo Jackson awarded $21 million in Georgia blackmail, stalking case
- Usher hints at surprise guests for Super Bowl halftime show, promises his 'best'
- California governor to send prosecutors to Oakland to help crack down on rising crime
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- US applications for unemployment benefits fall again despite recent layoff announcements
Ranking
- The Daily Money: Spending more on holiday travel?
- Brittany Mahomes Shares Message on Being Unapologetically Yourself While Making SI Swimsuit Debut
- Attorneys for West Virginia governor’s family want to block planned land auction to repay loans
- 5 Marines aboard helicopter that crashed outside San Diego confirmed dead
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Jesuits in US bolster outreach initiative aimed at encouraging LGBTQ+ Catholics
- Attorneys for West Virginia governor’s family want to block planned land auction to repay loans
- Maisie Williams Details Intense 25-Pound Weight Loss For Dramatic New Role
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
Trade deadline day: The Knicks took a big swing, and some shooters are now in the playoff race
In rural Utah, concern over efforts to use Colorado River water to extract lithium
Andra Day prays through nervousness ahead of Super Bowl performance
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Country Singer Jason Isbell Files for Divorce From Amanda Shires After 10 Years of Marriage
A shooting, an inferno, 6 people missing: Grim search continues at Pennsylvania house
Climate scientist Michael Mann wins defamation case against conservative writers