Current:Home > reviewsCreating NCAA women's basketball tournament revenue unit distribution on board agenda -FundGuru
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
View
Date:2025-04-12 18:31:13
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! (86)
Related
- Federal hiring is about to get the Trump treatment
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Ranking
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- In ‘Nickel Boys,’ striving for a new way to see
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Buckingham Palace staff under investigation for 'bar brawl'
- Nevada attorney general revives 2020 fake electors case
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Buckingham Palace staff under investigation for 'bar brawl'
A South Texas lawmaker’s 15
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Buckingham Palace staff under investigation for 'bar brawl'