SHU NIL To Grow Substantially
- Thread starter Piratz
- Start date
"The Hall expects to spend 90% of its NIL money from the House settlements on men’s basketball, and the remainder on women’s basketball, NJ Advance Media has learned. So in that world, Seton Hall essentially would double its NIL budget and be able to pay players more money."
Won’t other big east schools get the same $$$$ from settlement? We will be still behind the 8 ball!
As I have previously suggested, we should not spend any NIL money next year but rather save it. Maybe the next year after too until we have a pot big enough that we can compete with Kansas, St John's, MIchigan etc.. Then we go and buy a team of top talent. And build an NCAA tourney team.
Only having enough NIL money to get so-so players will not result in the success we want.
Only having enough NIL money to get so-so players will not result in the success we want.
Isn’t the House settlement supposed to COST the schools money?
Anyway, it may not even matter
frontofficesports.com
Anyway, it may not even matter
At Least 250 Athletes Have Opted Out of House Settlement
About 150 former Division I football players have joined a separate lawsuit called Fontenot v. NCAA, FOS can confirm.
frontofficesports.com
LOL on Zags article, nobody is GETTING anything from the settlement. What they are getting is the ability to SPEND money.
It's a fair point that allowing up to $20.5m direct payments is unlikely to help the Hall in a relative sense because all of the other schools can opt to spend up to that as well. And of course it is very hard to imagine the Hall spending anywhere near that amount. It could help vs smaller conference schools that aren't able/willing to spend millions a year. Within the BE and major conferences, it might make the gap even larger.
Shopping where others are not could be a way to get some steals before others catch on. How big is the foreign player market these days at the collegiate level? Basketball is a pretty popular global sport. Surely more players than there are roster spots if you know how to find them.
Of course, doing that takes money/resources too. Which brings us right back to the same problem. Ah well.
Shopping where others are not could be a way to get some steals before others catch on. How big is the foreign player market these days at the collegiate level? Basketball is a pretty popular global sport. Surely more players than there are roster spots if you know how to find them.
Of course, doing that takes money/resources too. Which brings us right back to the same problem. Ah well.
I was just going to say this....am I in crazy land? Zags article at best is extremely misleading, or at worst demonstrating he literally doesn't understand the settlement at all.
$3 million in revenue sharing for basketball-onlies will be below average. $4 million will be about average.
Yes, 2 seasons of empty arenas and disastrous play will really be helpful to the school. I am sure the conference will support that approach as well. Have you been at the arena the last few games? Depressing scene.
We can compete with average money and smart usage.
Are you just backing into this number based on expected football school outs? I saw that VCU will opt into $4-$5 million, but I haven't heard anything from other schools.
All football schools are expected to opt into the full $20.5M, and everything I've read suggests 75/15/10 will be the average allocation: 75% football ($15.4M), 15% MBB ($3.1), 10% all other ($2.0M).
Sort of but I think the numbers are going to be closer to 75% football ($15.4M), 20% MBB ($4.1), 5% all other ($1.0M).
But FMV of collective deals will not be part of the final settlement.
Agree, I've seen the football schools that are allocating the full $20.5M and it seems 17% - 20% on MBB - $3.5-4 Million.
Will any Big East schools who don't have football elect to fund more than that for MBB?
Will there be a handshake agreement among the BE schools to all use a similar Rev sharing range? Doubtful.
I'd love to see the BE teams stick it to the Power 4 Football Schools by allocating more than $3.5-4M as some of their coaches have feared.
In any event there will be hundreds of millions in new money from revenue sharing pumped into paying basketball players. I think this portal season will be the craziest yet.
That’s the key. I think the BE and other non football high mid majors go really big with revenue sharing. Consistently $5 million IMO. The P4 schools will try to make up any gap with NIL $$$ from their collectives. It will be interesting to see if the Fair Market Value provision of the settlement will be effective.
We have to PAY the House Settlement....we dont receive any money.
Yes, many different aspects of the House Settlement. For those that haven't been following and were confused by Zags contradicting article, here are some bullet points.
1) NCAA must pay $2.8B in back revenue-sharing to former players.
2) This money comes from NCAA money, nothing from College Football so non-P5 teams are carrying a larger burden of their total revenue
3) Big East must pay about $6-7 Million per year for the next 10 years so SH will pay roughly $600,000 per year for back payments
4) For players moving forward, NCAA agrees to share up to 22% of revenues (again non FBS money) which equals $20.5M per year
5) Schools can elect how much revenue they want to share up to the max.
6) P5 Football schools who are allocating the max are giving about 75% to Football, anywhere from 17-20% ($3.5-4M) to MBB starting in June 2025
7) BE schools can elect to give any amount to MBB up to the full $20.5M
8) Its unknown what BE schools will do but its believed they will closely match the P4 schools by allocating approx. $3.5-4M in MBB rev sharing.
9) NIL deals from Collectives will still be permitted although they are supposed to be limited to FMV - Fair Market Value.
10) Most believe the FMV provision will be impossible to impose and will get challenged and beaten in court. As a result expect to see Rev Sharing AND full-tilt Collective NIL this year.
Gets a little trickier for those schools with other high profile sports, such as baseball (Vandy, LSU, USC, etc etc), gymnastics (LSU, etc) and so on...as I am sure those athletes can and will garner some NIL...so they would have to spread it over more sports
I know. I think what he was trying to say is that they will spend in that ratio money that will be allowed to be spent as a result of the settlement.
They can, but realistically, most programs need the lion's share of their revenue for the following year's operating budget. It'll be a small handful of BB-onlies who can put more than that $3/4 million in the payroll. (And of course, most of those schools also will continue to have active and robust third-party/collectives to augment that total.)
The numbers I am hearing for pitchers at SEC and ACC schools are staggering.
It sounds like the schools with jumbo donations will still have us a huge disadvantage? Is this correct?
Makes you wonder what will happen to the schools in mid and low major conferences.
In a very big way, the St Peter’s run became a bad thing for those schools. The big guys don’t want them in the way.
In a very big way, the St Peter’s run became a bad thing for those schools. The big guys don’t want them in the way.
This idea is right up there with the “Let’s Go To The Rock” song suggestion.
Perfectly explained. The amount that SHU owes annually will be deducted from the annual revenue that we receive from the NCAA tournament, which is currently more than the $600K owed.
The Big East has accumulated 65 NCAA Tournament units in the last 6 tournaments, thus the league will receive approximately $18,000,000 in NCAA March Madness revenue in 2025. I'm not sure if the Big East splits the revenue evenly, but the Hall's take will be about $1,600,000 if the revenue is split evenly.
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There has to be a reasonable salary cap for BE schools.The kids will go wherever they are offered the most $ in most cases.Do induvial players need to be paid millions?Very few are having that kind of impact on the schools financial income.
The Big East got $23,929,926 in NCAA credits for the year ended 06/30/23, even more now. Will take a 20% haircut each year for 10 years due to the settlement, so the conference will be losing $5 million a year.
What about it?There will definitely be lawsuits.Its a national pastime!You can't let it stop you from trying to accomplish things.
Either Zags did a terrible job of explaining this or I have a terrible reading comprehension issue. The other possibility is that I am not smart enough to fully understand the situation.
What I take from this is that we may be spending more --perhaps twice what we did this year--on players for men's basketball, but the rest of the league will be doing the same. AND there is nothing to prevent whales like Repole from donating more and more megabucks.
How does that move the needle/level the playing field/metaphor of your choice?
PS-- Doesn't a 90/10 split suggest a Title IX exposure for us?
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National pastime or not, it’s not legal and can’t stand up in court without it being collectively bargained. And that’s not happening.
They have salary caps in Pro BB and Pro FB.Ultimately it will be the courts who decide not you or I.
And they have unions in the NBA and NFL, who collectively bargained salary caps into their agreements with the leagues.
You can not just willfully impose a salary cap. It’s not legal.
