Current:Home > reviewsCreating NCAA women's basketball tournament revenue unit distribution on board agenda -Wealth Evolution Experts
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
View
Date:2025-04-18 23:37:10
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! (42)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Three soccer players arrested over alleged match-fixing involving yellow cards in Australian league
- Indiana judge opens door for new eatery, finding `tacos and burritos are Mexican-style sandwiches’
- This woman has ALS. So did 22 of her relatives. What she wants you to know.
- DoorDash steps up driver ID checks after traffic safety complaints
- Miss Hawaii Savannah Gankiewicz takes Miss USA crown after Noelia Voigt resignation
- Netflix confirms 'Happy Gilmore 2' with Adam Sandler: What we know
- Maverick Kentucky congressman has avoided fallout at home after antagonizing GOP leaders
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Colorado teen pleads guilty in rock-throwing spree that killed driver, terrorized others
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Mosque attack in northern Nigeria leaves 8 people dead. Police say the motive was a family dispute
- Widespread power outages, risk of tornadoes as Houston area gets pummeled again by thunderstorms
- Kosovo makes last-minute push to get its membership in Council of Europe approved in a Friday vote
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Ex-South African leader’s corruption trial date set as he fights another case to run for election
- How we uncovered former police guns that were used in crimes
- Bones found in 1989 in a Wisconsin chimney identified as man who last contacted relatives in 1970
Recommendation
Global Warming Set the Stage for Los Angeles Fires
Germany’s parliament lifts immunity for prosecution of a far-right lawmaker
Amy Kremer helped organize the pro-Trump Jan. 6 rally. Now she is seeking a Georgia seat on the RNC
Blinken promises Ukraine help is very much on the way amid brutal Russian onslaught in northeast
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Ethiopia protests US ambassador’s speech after he calls for release of political prisoners
Juanita 'Lightnin' Epton, NASCAR and Daytona fixture for over six decades, dies at 103
Is a taco a sandwich? Indiana judge issues a ruling after yearslong restaurant debate