Current:Home > StocksCreating NCAA women's basketball tournament revenue unit distribution on board agenda -WealthTrack
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
Ethermac Exchange View
Date:2025-04-11 01:51:28
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! (33366)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Pacific Northwest tribes are battered by climate change but fight to get money meant to help them
- The Latest: Harris and Trump paint different pictures for voters as the White House intensifies
- Olympian Aly Raisman Slams Cruel Ruling Against Jordan Chiles Amid Medal Controversy
- Rylee Arnold Shares a Long
- Ryan Reynolds thanks Marvel for 'Deadpool & Wolverine' slams; Jude Law is a Jedi
- Kate Middleton Makes Surprise Appearance in Royal Olympics Video
- First Snow, then Heat Interrupt a Hike From Mexico to Canada, as Climate Complicates an Iconic Adventure
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Should Shelby McEwen have shared gold for USA's medal count? Don't be ridiculous
Ranking
- Federal hiring is about to get the Trump treatment
- Cowboys owner Jerry Jones to holdout CeeDee Lamb: 'You're missed'
- Adrian Weinberg stymies Hungary, US takes men's water polo bronze in shootout
- 'Scarface' actor Ángel Salazar dies at 68
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Time to start house hunting? Lower mortgage rates could save you hundreds
- Jury selection to begin for ex-politician accused of killing Las Vegas investigative reporter
- Travis Scott released with no charges after arrest at Paris hotel, reps say
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Large desert tortoise rescued from Arizona highway after escaping from ostrich ranch 3 miles away
How race, police and mental health collided in America's heartland | The Excerpt
Alec Baldwin’s Daughter Ireland Shares Her Daughter “Finally” Met Her 7 Aunts and Uncles
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Georgia No. 1 in preseason AP Top 25 and Ohio State No. 2 as expanded SEC, Big Ten flex muscles
Marijuana and ecstasy found inside Buc-ee's plush toys during traffic stop in Texas
Elle King says dad Rob Schneider sent her to 'fat camp,' forgot birthday