Current:Home > MyCreating NCAA women's basketball tournament revenue unit distribution on board agenda -Wealth Momentum Network
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
Indexbit Exchange View
Date:2025-04-07 00:34:06
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! (4)
Related
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- The Climate Change Health Risks Facing a Child Born Today: A Tale of Two Futures
- Accidental shootings by children keep happening. How toddlers are able to fire guns.
- U.S. Ranks Near Bottom on Energy Efficiency; Germany Tops List
- What to watch: O Jolie night
- University of New Mexico Football Player Jaden Hullaby Dead at 21 Days After Going Missing
- Across America, Activists Work at the Confluence of LGBTQ Rights and Climate Justice
- 12 House Republicans Urge Congress to Cut ANWR Oil Drilling from Tax Bill
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Google, Amazon, Microsoft, Meta other tech firms agree to AI safeguards set by White House
Ranking
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- South Dakota Warns It Could Revoke Keystone Pipeline Permit Over Oil Spill
- College Graduation Gift Guide: 17 Must-Have Presents for Every Kind of Post-Grad Plan
- Does sex get better with age? This senior sex therapist thinks so
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Golnesa GG Gharachedaghi Shares Why She Doesn't Hide Using Ozempic for Weight Loss
- He helped craft the 'bounty hunter' abortion law in Texas. He's just getting started
- Watch this student burst into tears when her military dad walks into the classroom
Recommendation
Nevada attorney general revives 2020 fake electors case
Pandemic hits 'stop button,' but for some life is forever changed
Judge Deals Blow to Tribes in Dakota Access Pipeline Ruling
Wind Industry, Riding Tax-Credit Rollercoaster, Reports Year of Growth
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Trump wants the death penalty for drug dealers. Here's why that probably won't happen
Coal Miner Wins Black Lung Benefits After 14 Years, Then U.S. Government Bills Him
Many people living in the 'Diabetes Belt' are plagued with medical debt