The NCAA sent out a four-page memo to all 32 Division I conferences this week detailing how the organization plans to cut back on distribution to leagues in six annual payout categories in order to pay the proposed $2.7 billion in damages.
The memo detailed how the NCAA could split up an expected $1.6 billion that would come from reductions in NCAA distribution, sources told ESPN. The remaining $1.1 billion is expected to come from NCAA reserves, catastrophic insurance, new revenue and budget cuts, sources said.
Of that $1.6 billion, nearly 60 percent is expected to come from leagues outside the Power 5 leagues that are named in the House lawsuit, according to sources. (The NCAA is named, and all of the schools are members.) The other 40 percent will come from the power conferences.
For example, the cost annually for the Big East Conference is projected at between $5.4 million and $6.6 over the next decade.
The NCAA's only source of revenue is from the men's basketball tournament. The back NIL is mostly due to football players based on the number of scholarships per team. So, once again, men's basketball is footing the bill for problems created largely by football. And the big east is paying for conferences that have worked to destroy us at every opportunity. How about dividing this obligation up by prorating it versus annual media distribution rights?
