Current:Home > InvestCreating NCAA women's basketball tournament revenue unit distribution on board agenda -TradeGrid
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
View
Date:2025-04-14 07:55:55
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! (1)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- More ‘Green Bonds’ Needed to Fund the Clean Energy Revolution
- An abortion doula explains the impact of North Carolina's expanded limitations
- More than 6 in 10 say Biden's mental fitness to be president is a concern, poll finds
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Once 'paradise,' parched Colorado valley grapples with arsenic in water
- Cops say they're being poisoned by fentanyl. Experts say the risk is 'extremely low'
- An abortion doula pivots after North Carolina's new restrictions
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Jana Kramer Engaged to Allan Russell: See Her Ring
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Nordstrom Rack's Clear the Rack Sale Has $5 Madewell Tops, $28 Good American Dresses & More for 80% Off
- This telehealth program is a lifeline for New Mexico's pregnant moms. Will it end?
- Lisa Vanderpump Reveals the Advice She Has for Tom Sandoval Amid Raquel Leviss Scandal
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Building Emissions Cuts Crucial to Meeting NYC Climate Goals
- Kim Kardashian Reacts to Kanye West Accusing Her of Cheating With Drake
- Will China and the US Become Climate Partners Again?
Recommendation
Tom Holland's New Venture Revealed
Duke Energy Takes Aim at the Solar Panels Atop N.C. Church
Kim Kardashian Reveals What Really Led to Sad Breakup With Pete Davidson
West Virginia governor defends Do it for Babydog vaccine lottery after federal subpoena
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
The Best Early Memorial Day Sales 2023: Kate Spade, Nordstrom Rack, J.Crew, Coach, BaubleBar, and More
New Jersey to Rejoin East Coast Carbon Market, Virginia May Be Next
Say Cheers to National Drink Wine Day With These Wine Glasses, Champagne Flutes & Accessories