House v. NCAA/NIL/Revenue sharing/Roster caps/Scholarship limits

[wrestleknownothing]

From The Athletic article on the potential return of the bag man:

The new enforcement terms under the House settlement instruct college athletes to declare any third-party NIL deals worth at least $600 into a clearinghouse database. The idea is that the clearinghouse, dubbed “NIL Go” and managed by the accounting firm Deloitte, will serve as a restrictor plate on NIL collectives and pay-for-play, flagging deals that do not reflect a valid business purpose or fall within a reasonable range of compensation. Yahoo Sports reported that at the recent ACC spring meetings, Deloitte officials shared that 70 percent of past deals from NIL collectives would be denied under the new clearinghouse.

But in candid conversations, coaches and recruiting staffers have serious doubts that athletes will declare those deals, or do so accurately. Some have suggested that players are being encouraged not to declare deals at all, but to simply take the money and keep quiet rather than risk the clearinghouse flagging it. And if that’s the case, where do we suspect that money might be coming from?

 

[wrestleknownothing]

Another potential weakness of the settlement is that it tries to frame direct payments from the schools as NIL. But it is also pay to play, as you only get the payment if you are at the school. At the same time the purpose of NIL Go is to eliminate outside pay to play. They hired a new director, and probably are paying him seven figures, to make sure boosters are not paying athletes seven figures. This seems certain to wind up in court where the contradiction in direct payments from schools will become the focus.

 

[The Japanese Whizzer]

Wizzer: Over the many years you’ve had some great input and your recent comment that the Big Ten Network will help keep wrestling going is spot on! That . . . along with some judicious use of NIL money (approved by Deloitte of course) there is a 50-50 chance of saving Olympic sports at the college level. I think it equally plausible that Olympic Clubs like the regional training centers will monetize their positions on the media playing field and end up being the object of our attention for weekend entertainment. Wrestlers would come to Penn State as students and wrestler for the Regional Training Center. There would be 25-30 RTC’s around the nation and they would all operate with funds from a broadcast deal. PSU, the NCAA, and the entire apparatus associated with the House Agreement would have no impact on the operations of the RTC’s. For the most part, the wrestlers would not even need to be students. For 10-15 years the RTC’s might be associated with universities in name & location only. After that they can just transition to a pure PRO format. There you go …. the transition of college sports to Pro sports leagues.

I would pay to watch this. The Ono-Lee match was highly anticipated and it delivered. Flo made a buck or two and so did wrestlers.

 

[McScoreley]

Rumor posted a few places but Cael opted for 30 scholarships instead of any revenue sharing apparently?

 

[smalls103]

🧠

 

[CantThinkOfAGoodUsername]

Rumor posted a few places but Cael opted for 30 scholarships instead of any revenue sharing apparently?

I didn't see any rumor like that. What I did see was that Cael said he is focusing on raising money for scholarships and that he's not going to play the NIL game. Of the $22 million for revenue sharing $1.5 million is allowed to be given towards additional scholarships across all sports. Room board tuition and fees are $37,000 per year in state and $43,000 per year out of state. So that is approximately 37 additional scholarships available across all sports. That is why Cael said he is focusing on raising money for scholarships. But everything is just a guessing game until it's announced what is finally going to happen.

 

[pawrestlersintn]

Washington State eliminates Field, as in the second half of Track and Field. Oh, and they're also limiting participation in hurdles and sprint events to focus on distance events.

This has more to do with the loss of TV revenue because of ten of the twelve PAC12 schools leaving the conference, but still thought it was interesting.

WSU track and field eliminating all field events, limiting sprints and hurdles in future

Track is on its own at Washington State University – and in abridged form, too.

www.spokesman.com

 

[nittinsc]

There's more:

https://www.espn.com/college-sports...drops-women-tennis-amid-financial-constraints

https://www.espn.com/college-sports...raiser-save-cal-poly-swimming-diving-programs

 

[El-Jefe]

From The Athletic article on the potential return of the bag man:

The new enforcement terms under the House settlement instruct college athletes to declare any third-party NIL deals worth at least $600 into a clearinghouse database. The idea is that the clearinghouse, dubbed “NIL Go” and managed by the accounting firm Deloitte, will serve as a restrictor plate on NIL collectives and pay-for-play, flagging deals that do not reflect a valid business purpose or fall within a reasonable range of compensation. Yahoo Sports reported that at the recent ACC spring meetings, Deloitte officials shared that 70 percent of past deals from NIL collectives would be denied under the new clearinghouse.

But in candid conversations, coaches and recruiting staffers have serious doubts that athletes will declare those deals, or do so accurately. Some have suggested that players are being encouraged not to declare deals at all, but to simply take the money and keep quiet rather than risk the clearinghouse flagging it. And if that’s the case, where do we suspect that money might be coming from?

That threshold is probably related to federal law requiring financial institutions to report all transactions above $600.