Current:Home > reviewsCreating NCAA women's basketball tournament revenue unit distribution on board agenda -Clarity Finance Guides
Creating NCAA women's basketball tournament revenue unit distribution on board agenda
View
Date:2025-04-28 14:00:36
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
- $73.5M beach replenishment project starts in January at Jersey Shore
- Army helicopter flying through Alaska mountain pass hit another in fatal April crash, report says
- Prince Harry Speaks Out After Momentous Win in Phone Hacking Case
- Messi's busy offseason: Inter Miami will head to Japan and Apple TV reveals new docuseries
- Intel's stock did something it hasn't done since 2022
- Federal agents seize illegal e-cigarettes worth $18 million at LAX
- Prince Harry’s phone hacking victory is a landmark in the long saga of British tabloid misconduct
- Minnesota edges close to picking new state flag to replace design offensive to Native Americans
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Communications blackout and spiraling hunger compound misery in Gaza Strip as war enters 11th week
Ranking
- Arkansas State Police probe death of woman found after officer
- New York’s Metropolitan Museum will return stolen ancient sculptures to Cambodia and Thailand
- Taraji P. Henson talks about her Hollywood journey and playing Shug Avery in The Color Purple
- Michigan woman found guilty of murder and child abuse in starvation death of son
- Travis Hunter, the 2
- Women and children first? Experts say that in most crises, it’s more like everyone for themselves
- Pentagon has ordered a US aircraft carrier to remain in the Mediterranean near Israel
- Wisconsin man gets 3 years in prison for bomb threat against governor in 2018
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Albania returns 20 stolen icons to neighboring North Macedonia
A Mississippi House candidate is charged after a Satanic Temple display is destroyed at Iowa Capitol
Former Jaguars financial manager pleads guilty to stealing $22M. He faces up to 30 years in prison
$73.5M beach replenishment project starts in January at Jersey Shore
Mother of Virginia 6-year-old who shot a teacher due for sentencing on child neglect
UK police say they’re ‘overjoyed’ that British teen missing for 6 years has been found in France
Max Scherzer has back surgery, will miss much of 2024 season for Rangers