Current:Home > ContactCreating NCAA women's basketball tournament revenue unit distribution on board agenda -BeyondProfit Compass
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
View
Date:2025-04-24 15:51:52
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! (347)
Related
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Canelo Alvarez vs. Edgar Berlanga fight card results, round-by-round analysis
- 911 calls from Georgia school shooting released
- Dance Mom's Abby Lee Miller Makes Surprising Appearance at 2024 Emmys
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Tech billionaire returns to Earth after first private spacewalk
- What We Do in the Shadows Gifts for All…but Not You, Guillermo
- Get 50% Off Jennifer Aniston's LolaVie Detangler, Fenty Beauty by Rihanna Powder & $10.50 Ulta Deals
- All That You Wanted to Know About She’s All That
- NASCAR Watkins Glen live updates: How to watch Sunday's Cup Series playoff race
Ranking
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- As mortgage rates hit 18-month low, what will the Fed meeting mean for housing?
- Days of preparation and one final warning. How Kamala Harris got ready for her big debate moment
- NASCAR at Watkins Glen: Start time, TV, live stream, lineup for 2024 playoff race
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Prince Harry is marking a midlife milestone far from family
- 2024 Emmys: Eugene Levy and Dan Levy's Monologue Is Just as Chaotic as You Would've Imagined
- A.J. Brown injury update: Eagles WR out for 'Monday Night Football' matchup vs. Falcons
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Ahmaud Arbery’s family is still waiting for ex-prosecutor’s misconduct trial after 3 years
Emmy Awards 2024 live updates: 'The Bear,' 'Baby Reindeer' win big early
Top legal adviser to New York City mayor quits as investigations swell
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
What did the Texans trade for Stefon Diggs? Revisiting Houston's deal for former Bills WR
NASCAR at Watkins Glen: Start time, TV, live stream, lineup for 2024 playoff race
3 dead, 2 injured in Arizona tractor-trailer crash