The needle will only move with donations.
SHU NIL To Grow Substantially
- Thread starter Piratz
- Start date
Seton Hall can’t sit back and expect the settlement to erase the shortfall we have in our Nil account it has to move forward with its own fundraising .
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This is what I am thinking . NIL budgets have nearly doubled every year since the insanity started. Every year there has been talk SHU has more than the previous year and they end up being less than half of what is needed to simply be competitive. From what it sounds like SHU will have the amount for what was needed this year not next year.
If they have a reasonable amount of intelligence (not saying they do), maybe they’ll come through by realizing they are hurting the entire school in terms of lost revenue, and not just the basketball program.
It doesn't help us at all, because the amount that is allowed to be spent under the settlement has to come from somewhere. The settlement isn't awarding us any money to spend, sadly. With the University's overall budget, there just isn't anywhere this kind of money can come from. It's bleak.
This is true. The Athletic Department budget has to create $4-5 Million in the budget to share with players. Not sure their plan for that but they should have ALL options of the University at their disposal.
They can get money for items they make priorities. They've rebuilt many major campus facilities over the last 10 years, one at a time. Now that the facility projects have mostly been completed, there is room for a new priority. This has to be it - a top priority for the school at this time.
They came up with $55 Million to build the facilithey they built a new Student Center, a baseball field, etc, etc. They can come up with $5M for Revenue sharing. There are also ways to raise revenue and cut costs through scheduling, travel budget, coaching changes/cuts, etc.
A good place to start would be avoiding MTE tournaments that charge money to participate.
Avoid MTEs, lessen buy games, create revenue-generating neutral site games in NYC and quality home and homes. Work on opportunities like the Players Festival in Las Vegas. That was successful this year so one would think others will copy the blueprint.
Isn't there already a big time Vegas NIL type tournament on the books for next year around Thanksgiving? I thought someone posted about that a while back on another thread.
It’s the second year of Players Era, with all of the first year teams returning plus several more, including St Johns
All these schools stuffing their NIL coffers and we are paying to play in a watered down Maui.
Talking about an approximate $1.5M swing right there. I'm sure not easy to get in the Players Era now that every team got paid $1M this year and it was run well. But with the trend of smart, quality teams avoiding MTEs, there has to be other opportunities springing up to make money.
Takes a lot of networking and hustle to build a quality OOC schedule and the barometer of a quality OOC has changed with the advent of revenue sharing and NIL. You have to look at your OOC through the lens of profit/cost or we will fall further behind.
Kinda like ncaa football. They keep getting beat by the little guys so they just stopped allowing them a chance.
It’s why it sucks as a sport now.
The P4 are trying to eliminate all outsiders, including the Big East. The only thing preventing them from going after the automatic bids of those lesser conferences is the fact that the broadcast partners of the NCAA Tournament love those Cinderella stories. But they do want to keep adding teams so that the auto-bids have to have more play-in games to advance. They want to take it all.
This was set up many years ago. Before NIL. Our timing just sucked.
I would back out, pay the exit fee and still save money .
Then you’d have to pay teams to play you in games back home. And don’t say book home and homes, because that’s really complicated to schedule one time, let alone three.
Obviously scheduling is much more difficult than we are making it seem, but “it’s really hard” can’t be an excuse right now. The program is in a precarious place. We need people who can figure these things out.
Well, scheduling is one thing that’s hard to control because it is so ridiculously reliant on other schools and forces. It’s not just making a phone call to book a date. It’s like a giant puzzle where you are just one piece.
Our timing just sucked should be the athletic department's motto
Home-and-homes. Lol. Other than the RU series, we haven't scheduled one since Pitino got Willard to agree to a game at MSG which was never played. That was 2020-21.
The last completed home-and-home was Maryland in 2018 and 2019.
Maybe we can get Hofstra to play us at NJIT so they can return the neutral site game.
Realistically, we are at a point where getting good opponents to play us in Newark will be near impossible until Shaheen shores things up again.
That's not a salary cap, that's the maximum amount of NCAA revenue the schools can opt to distribute. With collectives, they can still spend more if they like (the same way MLB doesn't have a cap, teams pay penalties if their payroll goes above a certain amount).
What incentive is there for college players to unionize if it means accepting a cap? Obviously, if they are going to accept a cap, they are going to want something (a lot) in return.
At lease, for starters, the NCAA put a cap on revenues the schools can distribute.The players will unionize for the same reasons all the professional sports have ie money,benefits,work rules,protections,etc.
I’m tired of the excuses about timing…. The athletic department has to start getting their head out of their asses…
If it’s not timing it’s some made up excuse about fake laws that might go into effect
From what I read, back payments are mostly being funded through the new TV contract added revenues.
Technically the NCAA is withholding the money for the back payments from the NCAA Tournament money it pays to each conference. So we are getting roughly 600k less each year from the BE's NCAA Tournament credits.
You are correct in that the new TV contract should cover the shortfall of funds. It should cover that and more as the contract increases each year.
Fantastic idea. We can follow a 1-19 season with an 0-20 one and then the 4 people who go to games the following year will watch a semi-competitive team. Don’t worry, 1-39 over two years wouldn’t cause irreparable damages.
And the thought that we would garner more NIL, 2x because we don’t pay one year, means that people who give, say $10k this year do the same next year in the middle of an epic slide. Subhuman IQ.
Let’s double down. If we skip 3 years, we can 4X our NIL and buy two lottery pick projections and pencil in a final 4.
The Big East will lose about $5 million per year from the reduced NCAA credits. The new media deal will bring in about $10 million more in its first year or 2.
Players Era tournament growing, set to distribute over $24 million in 2025
Players Era plans to dish out north of $24 million in 2025 combining its men's and women's basketball tournaments, a source tells On3.
The tournament expects to spend north of $24 million in NIL payments in 2025 between its men’s and women’s basketball tournaments. Tennessee, Kansas, Auburn, Gonzaga, Iowa State, Michigan, St. Joseph’s, St. John’s, Syracuse and Baylor will all be new to the men’s tournament next season.
Alabama, Creighton, Houston, Notre Dame, Oregon, Rutgers, San Diego State and Texas A&M are also expected to return to the men’s tourney.
A source said Players Era has plans to add more teams to its 2025 tournament in the near future.
