Current:Home > InvestCreating NCAA women's basketball tournament revenue unit distribution on board agenda -Blueprint Money Mastery
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
View
Date:2025-04-11 12:31:57
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! (45)
Related
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- After School Satan Clubs and pagan statues have popped up across US. What's going on?
- Some experts push for transparency, open sourcing in AI development
- Austin police shoot and kill man trying to enter a bar with a gun
- Senate begins final push to expand Social Security benefits for millions of people
- Ukraine’s military chief says one of his offices was bugged and other devices were detected
- EU hits Russia’s diamond industry with new round of sanctions over Ukraine war
- North Korea fires suspected long-range ballistic missile into sea in resumption of weapons launches
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- 36 jours en mer : récit des naufragés qui ont survécu aux hallucinations, à la soif et au désespoir
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Several feared dead or injured as a massive fuel depot explosion rocks Guinea’s capital
- U.S. says its destroyer shot down 14 drones in Red Sea launched from Yemen
- Could Chiefs be 'America's team'? Data company says Swift may give team edge over Cowboys
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Jets eliminated from playoffs for 13th straight year, dealing blow to Aaron Rodgers return
- Serbia’s populist leader relies on his tested playbook to mastermind another election victory
- Houston Texans channel Oilers name to annihilate Tennessee Titans on social media
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Congo’s elections face enormous logistical problems sparking concerns about the vote’s credibility
Live updates | Israel’s allies step up calls for a halt to the assault on Gaza
Austin heads to Israel as US urges transition to a more targeted approach in Gaza
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
How to manage holiday spending when you’re dealing with student loan debt
Murray, Allick lead Nebraska to a 3-set sweep over Pittsburgh in the NCAA volleyball semifinals
February 2023 in photos: USA TODAY's most memorable images