Current:Home > FinanceCreating NCAA women's basketball tournament revenue unit distribution on board agenda-VaTradeCoin
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
lotradecoin mobile app features View Date:2024-12-25 22:59:02
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! (91114)
Related
- Google forges ahead with its next generation of AI technology while fending off a breakup threat
- Baylor to retire Brittney Griner’s jersey during Feb. 18 game vs. Texas Tech
- Ex-IRS contractor gets five years in prison for leak of tax return information of Trump, rich people
- Expletive. Fight. More expletives. Chiefs reach Super Bowl and win trash-talking battle
- We can't get excited about 'Kraven the Hunter.' Don't blame superhero fatigue.
- Indonesian police arrest 3 Mexicans after a Turkish tourist is wounded in an armed robbery in Bali
- What a Jim Crow-era asylum can teach us about mental health today
- Teenager Valieva disqualified in Olympic doping case. Russians set to lose team gold to US
- Drew Barrymore Addresses Criticism Over Her Touchiness With Talk Show Guests
- 11-year-old girl hospitalized after Indiana house fire dies, bringing death toll to 6 young siblings
Ranking
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Better Call Saul's Bob Odenkirk Shocked to Learn He's Related to King Charles III
- Europe’s economic blahs drag on with zero growth at the end of last year
- Elton John and Bernie Taupin to receive the 2024 Gershwin Prize for pop music
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Follow Your Dreams
- Ukraine’s strikes on targets inside Russia hurt Putin’s efforts to show the war isn’t hitting home
- Mom charged with child neglect after son seen in Walmart in diaper amid cold snap: Reports
- Horoscopes Today, January 29, 2024
Recommendation
-
When does 'No Good Deed' come out? How to watch Ray Romano, Lisa Kudrow's new dark comedy
-
Donovan Mitchell scores 28, Jarrett Allen gets 20 points, 17 rebounds as Cavs down Clippers 118-108
-
North Carolina joins an effort to improve outcomes for freed prisoners
-
ICC prosecutor: There are grounds to believe Sudan’s warring sides are committing crimes in Darfur
-
The Sundance Film Festival unveils its lineup including Jennifer Lopez, Questlove and more
-
These are the retail and tech companies that have slashed jobs
-
‘Pandemic of snow’ in Anchorage sets a record for the earliest arrival of 100 inches of snow
-
What Vanessa Hudgens Thinks About Taylor Swift and Travis Kelce’s High School Musical Similarities