Current:Home > ContactCreating NCAA women's basketball tournament revenue unit distribution on board agenda -AssetScope
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
View
Date:2025-04-13 18:01:11
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! (547)
Related
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Justin Timberlake Arrested for DWI in New York
- Biden’s Title IX law expanding protections for LGBTQ+ students is dealt another setback
- Maps show hot, hot heat headed to the Northeast U.S. that could break dozens of records, put millions at risk
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- A judge temporarily blocks Iowa law that allows authorities to charge people facing deportation
- Convicted killer of California college student Kristin Smart ordered to pay $350k in restitution
- No survivors as twin-engine Cessna crashes in Colorado mobile home park
- Intellectuals vs. The Internet
- Princess Kate makes public return for King Charles III's birthday amid cancer treatments
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- New York’s top court declines to hear Trump’s appeal of gag order in hush money case
- Rory McIlroy's collapse at US Open has striking resemblance to a heated rival: Greg Norman
- Save 80% on Nordstrom Rack Swimsuits, 60% on ASOS, 60% on Gap & More of Today's Best Deals
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- When did Elvis Presley buy Graceland? What to know about the Tennessee property
- Uncle Howdy makes highly anticipated return to WWE on Raw, continues Bray Wyatt's legacy
- Russian warships depart Cuba after visit following military exercises
Recommendation
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Plastic surgeon charged in death of wife who went into cardiac arrest while he worked on her
6 people killed, 5 others hospitalized after Georgia house catches fire
California wildfire map: Track blaze near Los Angeles and in Sonoma wine country
This was the average Social Security benefit in 2004, and here's what it is now
Zac Efron Admits His Younger Siblings Are Getting Him Ready for Fatherhood
Justin Timberlake arrested on DWI charges in the Hamptons, reports say
Bob Schul, the only American runner to win the 5,000 meters at the Olympics, dies at 86