Current:Home > StocksCreating NCAA women's basketball tournament revenue unit distribution on board agenda -Capital Dream Guides
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
View
Date:2025-04-16 12:20:57
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! (8)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- California governor launches ads to fight abortion travel bans
- Wake Forest fans collide with Duke star Kyle Filipowski while storming court
- 2024 SAG Awards: Josh Hartnett Turns Attention to Oppenheimer Costars During Rare Interview
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- SAG Awards 2024 Winners: See the Complete List
- How to watch and stream 'Where is Wendy Williams?' documentary on Lifetime
- Trump is projected to win South Carolina Republican primary, beat Haley. Here are the full results.
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Olympic champion Suni Lee's rough Winter Cup day is reminder of what makes her a great
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Must-Have Plant Accessories for Every Kind of Plant Parent
- Flint council member known for outbursts and activism in city water crisis dies
- Shane Gillis struggles in a 'Saturday Night Live' monologue which avoids the obvious
- Could your smelly farts help science?
- Death toll rises to 10 after deadly fire in Spain's southern city of Valencia, authorities say
- Barbra Streisand Will Make You Believe in Movie Magic with SAG Life Achievement Speech
- Lunar New Year parade held in Manhattan’s Chinatown
Recommendation
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Olivia Rodrigo setlist: All the songs on 'Guts' tour including 'Vampire' and 'Good 4 U'
Cleats of stolen Jackie Robinson statue to be donated to Negro League Museum
Alpha Elite Capital (AEC) Business Management
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Brooklyn preacher goes on trial for fraud charges prosecutors say fueled lavish lifestyle
Proof Reese Witherspoon Has TikToker Campbell Pookie Puckett on the Brain at 2024 SAG Awards
'Where Is Wendy Williams?': The biggest bombshells from Lifetime's documentary