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Player Revenue sharing ($22 million)
Posted on 9/17/24 at 10:10 pm
Posted on 9/17/24 at 10:10 pm
The time has come where players are being paid directly from the school, starting 2025. While many people will not like this, it is better than back room deals done with boosters. Also deals at public/state universities will no longer be secretive and will be made public through a records request with the university.
While many don’t like Tennessee, they will be leading the way into this new era of football with NIL and revenue sharing. In order to be Competive in today’s football world, you’re gonna have to need money. So schools will look for ways to offset the cost through corporate sponsorships on the fields and stadiums, raising ticket prices(Talent fee) and any other means that will help pay the players.
People where crazy if they really thought the schools where just gonna pay these players and eat the cost themselves without passing it off to the public and fans.
Here is Tennessee deals so far as they were the first ones so far.
Pilot sponsorship for field and stadium Logo- $400 million over 20 years.
10% talent fee added to all tickets.
It won’t stop here, I think the power 4 will have a collective bargaining agreement with in the next 5 years.
While many don’t like Tennessee, they will be leading the way into this new era of football with NIL and revenue sharing. In order to be Competive in today’s football world, you’re gonna have to need money. So schools will look for ways to offset the cost through corporate sponsorships on the fields and stadiums, raising ticket prices(Talent fee) and any other means that will help pay the players.
People where crazy if they really thought the schools where just gonna pay these players and eat the cost themselves without passing it off to the public and fans.
Here is Tennessee deals so far as they were the first ones so far.
Pilot sponsorship for field and stadium Logo- $400 million over 20 years.
10% talent fee added to all tickets.
It won’t stop here, I think the power 4 will have a collective bargaining agreement with in the next 5 years.
This post was edited on 9/17/24 at 10:13 pm
23
Posted on 9/17/24 at 10:11 pm to BigDickRick16
More than ever, Tennessee fans will have to ante up. In 2025, the cheapest season ticket for home football games -- including taxes, the required contribution and talent fee -- will cost $453.75 in the family section, which is in the upper deck. Student ticket prices doubled this season from $10 per game to $20 and will increase to $25 in 2025.
With additional scholarships being added in sports (football is going from 85 to 105), schools opting into the new revenue sharing plan will need approximately $30 million to cover the money going to athletes and cost of the additional scholarships.
In the most recent financial data available, the Tennessee football program turned a $75 million profit in 2023 -- after $134.9 million in revenue and $59.1 million in expenses.
At most of the larger schools around the country, football is the engine that helps fund many of the other sports. The Vols have a streak of 15 consecutive sellouts at Neyland Stadium and led the SEC in total home attendance in 2023 with 713,405 fans -- an average of 101,915 per game. For two straight years, Tennessee has sold all 70,500 of its season tickets, and White said there's a waiting list of 15,000.
With additional scholarships being added in sports (football is going from 85 to 105), schools opting into the new revenue sharing plan will need approximately $30 million to cover the money going to athletes and cost of the additional scholarships.
In the most recent financial data available, the Tennessee football program turned a $75 million profit in 2023 -- after $134.9 million in revenue and $59.1 million in expenses.
At most of the larger schools around the country, football is the engine that helps fund many of the other sports. The Vols have a streak of 15 consecutive sellouts at Neyland Stadium and led the SEC in total home attendance in 2023 with 713,405 fans -- an average of 101,915 per game. For two straight years, Tennessee has sold all 70,500 of its season tickets, and White said there's a waiting list of 15,000.
This post was edited on 9/17/24 at 10:12 pm
Posted on 9/18/24 at 12:50 am to BigDickRick16
I don't like typing out these long responses but this issue is important and it's going to cause a lot of problems.
Probably going to be a disaster for college athletics.
I posted an article over on MSB not long ago talking about how revenue sharing is simply a bridge too far. The numbers are not going to work and there are schools out there that have been sinking tons of money into their programs and they have zero chance of keeping up with Ohio St and others that have more resources.
This is going to concentrate ALL of the talent in very few schools. The others will not be competitive. They could or will likely not be part of conferences, TV deals, and so forth as further restructuring ends up putting the top schools into a new division that eats up all the TV revenue, etc etc etc. The increasing focus on money means it won't be long before Ohio St or Texas says "give us a bigger share of the conference money pot than Rutgers and Vandy, or we are walking".
What are these other schools going to do when that happens and they have $50M or $100M or more in debt that they can no longer pay? We all know what will happen - debt will be restructured and to pay for it, all of the non-revenue sports will be scrapped.
I disagree. The old system was better and I never thought I'd say that. The old system imposed some limits. Now it's the wild west and it's going to be the fans that suffer the most and pay the most - and it's the fans that are the center of gravity here. There was always a better way to handle athlete compensation but the NCAA did everything it could to let this problem turn into a crisis, so here we are. One of the first things that needs to happen is for at least 100 schools to break away from the NCAA. They have been negligent for decades.
The regular fans are paying disproportionately more than the big boosters and I say that with a lot of sympathy for many of the big boosters that get called all the time with more requests for money. Some of the big boosters in CFB are billionaires like Phil Knight. Some are not at that level but still worth 10 figures with a lot of liquid cash on hand. Guys like Knight are not contributing even 0.1% to Oregon each year. But a family of 4 living on $100k a year is spending 2% or more of their household income just to travel to a couple games, maybe just one game, or if they're local they may get to most home games. And now they're told to pay more. Eventually they will say no mas.
Fans will not keep paying these bills. It keeps getting more expensive to be a fan, while inflation is high and the economy is bad. That won't last too long. And schools will end up diverting money from other sports into football and basketball, so other athletes will suffer, not just the fans.
Like it or not, college athletics are part of the public service component in the university system. It's good for students, athletes, and the public to have a tennis match that can seen, or volleyball, or wrestling, etc. Many of these programs are going to suffer or be eliminated in order to pay football and basketball players. Our nation is obese and unfit. We need as many college sports programs as possible to motivate and inspire young kids to dream of playing beyond middle school, beyond high school, and possibly getting a scholarship to play a sport. This produces lifelong exercise habits that help to reduce obesity and the hundreds of billions spent each year on lost productivity and medical costs. This has effects far beyond the college sports season.
This is driving a wedge between fans, who are there for the name on the front of the jersey, and the coaches/players, who are increasingly less concerned about the name on the front of the jersey. That will destroy college sports.
Look at UF as an example. With the poor play, going 1-7 in their last 8 games, with the lone win coming against Samford, I've not heard a word about a players only meeting to discuss accountability, playing better, etc. I don't even see much concern from the players. But, you can bet if some NIL money failed to show up in the bank, there would be a meeting and phone calls made. I'm seeing fans, former players under the old way of doing things, and long time media people very upset about what is happening to "my school" as they put it - people have real attachments to their alma mater and favorite school and this current system is destroying all incentives for coaches and players to feel the same. That is a death sentence for college sports.
The current paradigm is not sustainable. Schools like Tenner are trying to figure this out, but they're going to depart the safety envelope soon and when they do, shite is going to crash.
quote:
The time has come where players are being paid directly from the school, starting 2025.
Probably going to be a disaster for college athletics.
I posted an article over on MSB not long ago talking about how revenue sharing is simply a bridge too far. The numbers are not going to work and there are schools out there that have been sinking tons of money into their programs and they have zero chance of keeping up with Ohio St and others that have more resources.
This is going to concentrate ALL of the talent in very few schools. The others will not be competitive. They could or will likely not be part of conferences, TV deals, and so forth as further restructuring ends up putting the top schools into a new division that eats up all the TV revenue, etc etc etc. The increasing focus on money means it won't be long before Ohio St or Texas says "give us a bigger share of the conference money pot than Rutgers and Vandy, or we are walking".
What are these other schools going to do when that happens and they have $50M or $100M or more in debt that they can no longer pay? We all know what will happen - debt will be restructured and to pay for it, all of the non-revenue sports will be scrapped.
quote:
it is better than back room deals done with boosters
I disagree. The old system was better and I never thought I'd say that. The old system imposed some limits. Now it's the wild west and it's going to be the fans that suffer the most and pay the most - and it's the fans that are the center of gravity here. There was always a better way to handle athlete compensation but the NCAA did everything it could to let this problem turn into a crisis, so here we are. One of the first things that needs to happen is for at least 100 schools to break away from the NCAA. They have been negligent for decades.
The regular fans are paying disproportionately more than the big boosters and I say that with a lot of sympathy for many of the big boosters that get called all the time with more requests for money. Some of the big boosters in CFB are billionaires like Phil Knight. Some are not at that level but still worth 10 figures with a lot of liquid cash on hand. Guys like Knight are not contributing even 0.1% to Oregon each year. But a family of 4 living on $100k a year is spending 2% or more of their household income just to travel to a couple games, maybe just one game, or if they're local they may get to most home games. And now they're told to pay more. Eventually they will say no mas.
quote:
People where crazy if they really thought the schools where just gonna pay these players and eat the cost themselves without passing it off to the public and fans.
Fans will not keep paying these bills. It keeps getting more expensive to be a fan, while inflation is high and the economy is bad. That won't last too long. And schools will end up diverting money from other sports into football and basketball, so other athletes will suffer, not just the fans.
Like it or not, college athletics are part of the public service component in the university system. It's good for students, athletes, and the public to have a tennis match that can seen, or volleyball, or wrestling, etc. Many of these programs are going to suffer or be eliminated in order to pay football and basketball players. Our nation is obese and unfit. We need as many college sports programs as possible to motivate and inspire young kids to dream of playing beyond middle school, beyond high school, and possibly getting a scholarship to play a sport. This produces lifelong exercise habits that help to reduce obesity and the hundreds of billions spent each year on lost productivity and medical costs. This has effects far beyond the college sports season.
This is driving a wedge between fans, who are there for the name on the front of the jersey, and the coaches/players, who are increasingly less concerned about the name on the front of the jersey. That will destroy college sports.
Look at UF as an example. With the poor play, going 1-7 in their last 8 games, with the lone win coming against Samford, I've not heard a word about a players only meeting to discuss accountability, playing better, etc. I don't even see much concern from the players. But, you can bet if some NIL money failed to show up in the bank, there would be a meeting and phone calls made. I'm seeing fans, former players under the old way of doing things, and long time media people very upset about what is happening to "my school" as they put it - people have real attachments to their alma mater and favorite school and this current system is destroying all incentives for coaches and players to feel the same. That is a death sentence for college sports.
The current paradigm is not sustainable. Schools like Tenner are trying to figure this out, but they're going to depart the safety envelope soon and when they do, shite is going to crash.
Posted on 9/18/24 at 2:11 am to POTUS2024
Some sports should be cut I think.
Posted on 9/18/24 at 4:32 am to BigDickRick16
frick off with your gay arse talent fee. Of course Tenner’s poor arse would float the cost onto the fans. fricking mountain in-breds.
Posted on 9/18/24 at 4:45 am to BigDickRick16
I don't see the mechanism to stop backroom deals. Players can be paid by schools… okay that’s fine.
Back room deals will be on top of that. You cannot turn boosters completely loose for 3-4 years and then say “no more deals guys”.
Laughable to think this changes anything of real importance at all.
Back room deals will be on top of that. You cannot turn boosters completely loose for 3-4 years and then say “no more deals guys”.
Laughable to think this changes anything of real importance at all.
Posted on 9/18/24 at 5:04 am to BigDickRick16
quote:
While many people will not like this, it is better than back room deals done with boosters.
With a cap on the amount that can be shared, there will always be back room deals done with boosters.
Posted on 9/18/24 at 5:19 am to BigDickRick16
It's a hard world right now. There's a lot of people that are barely getting by thanks to inflation and the loss of jobs especially since a lot of the new jobs created are lower paying positions while the higher paying positions have been eliminated.
I'm as die hard of a football fan as they come and I get that players are looking for a payday. But they also have to start being careful. If they push much more the gift horse is going to ride away.
There's going to be a point where the average Joe just says, "frick it. I'm out," when it comes to football.
I'm as die hard of a football fan as they come and I get that players are looking for a payday. But they also have to start being careful. If they push much more the gift horse is going to ride away.
There's going to be a point where the average Joe just says, "frick it. I'm out," when it comes to football.
Posted on 9/18/24 at 5:59 am to POTUS2024
College athletics is over. These are nothing more than minor league professionals now. Let's call it what it is.
Posted on 9/18/24 at 6:04 am to BigDickRick16
Looking past the revenue “producing” sports, what happens with the non-revenue producing sports? Do you think the proponents of women athletes are going to stand by and not DEMAND money?
There is a bottomless pit of lawyers dying to make billable hours.
This is going to be a shite show.
There is a bottomless pit of lawyers dying to make billable hours.
This is going to be a shite show.
Posted on 9/18/24 at 6:05 am to kywildcatfanone
No one is regulating NIL money. No one is going to stop teams from contacting players before they get into the magic portal. No one is going to stop players from cutting the best deals they can get in the bidding process. No one is going to stop boosters from overpaying out of sheer greed and fear of losing.
What could go wrong?
What could go wrong?
Posted on 9/18/24 at 6:07 am to BigDickRick16
Crazy that every single football player in the SEC will earn at least $100k/yr. Everyone. That’s probably only for your first year too.
Posted on 9/18/24 at 6:18 am to BigDickRick16
This is just going to give the appearance of equity across the schools, but it will only place the poorer schools on life support.
The number of sponsored sports will decrease.
Title 9 will keep equal overall amounts to men and women sports.
Each sport will now need to have a cap.
Will not stop or alter nil.
Will not stop bag dropping.
Will increase IRS scrutiny, so the bag dropping game better be tight!
The number of sponsored sports will decrease.
Title 9 will keep equal overall amounts to men and women sports.
Each sport will now need to have a cap.
Will not stop or alter nil.
Will not stop bag dropping.
Will increase IRS scrutiny, so the bag dropping game better be tight!
Posted on 9/18/24 at 6:49 am to BigDickRick16
Will be the death kiss to many small schools and non-revenue sports, and even the larger ones will suffer from hits to facility upgrades and fan experience costs.
Posted on 9/18/24 at 7:02 am to BigDickRick16
Professionals playing under a school banner. Really a shame we have lost the intent of college sports.
Posted on 9/18/24 at 7:05 am to Che Boludo
Teams will be smaller too, football and baseball. Gone are the day of a walk on. That’s pretty sad. Most knew they would never play, but it meant enough to them to bust arse and help the team they love in whichever little way they could.
Now you’ll have scholarship players who don’t dress out and travel.
Now you’ll have scholarship players who don’t dress out and travel.
Posted on 9/18/24 at 7:12 am to Landmass
quote:
There's going to be a point where the average Joe just says, "frick it. I'm out,"
Judging by the comments on this board, it won't even take as long as I thought it would.
Posted on 9/18/24 at 7:26 am to BigDickRick16
Wait until the players get their tax bill.
Posted on 9/18/24 at 7:29 am to RoscoeSanCarlos
quote:
Wait until the players get their tax bill.
Don't you figure this is covered somehow as part of the transaction?
But if not (tongue in cheek) wouldn't it be racist for our government to tax college athletes? I'm sure there's a Democrat somewhere that could get behind that.
Posted on 9/18/24 at 7:42 am to Gaston
quote:
Teams will be smaller too, football and baseball. Gone are the day of a walk on.
Baseball will be all walk ons
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