Title IX applies to NIL Payments
- Thread starter SpiderTrap
- Start date
Agree - I would say forget college and start following your local HS team, but NIL is even entering that world in some states. And as soon as 1 state goes with it, the rest will feel they have to follow to keep up.
why would u think we're paying 50k each to 80 football players? Not happening. subtract two zeros. maybe they get $500 or whatever the COA stipend is. It's 1 reason why we moved to Patriot League. This is going to be for mens hoops primarily just like at VCU.
I hope a meaningful portion goes to women’s hoops too. I really do think we have an opportunity to be a consistent top 40 program and top mid major program in the country under Roussell.
So, perhaps our move to the Patriot League for football was more of a response to this than anything else. Assuming that Patriot League schools will be not be as keen on paying its players as some other conferences.
So, maybe we bastardize our football program so we can devote more of our player money to our flagship sports. That is of course sad, but also makes sense on a number of levels.
Or UR decides they want no part of this or that they don't want to try and keep up with everyone else and moves everything to the Patriot League.
Well, they just said that is not their intention. They are paying to play just like the rest who want to compete. The football program was our sacrificial lamb so we could more fully "compete" in MBB.
So how much do we need to compete on the basketball side. If VCU is top of the league and they expect to average 300K per player (that is average, so some will be higher and some lower) - which comes out to about $3 million per year just for basketball if you only pay 10 players - do we really think UR wants to spend millions on paying basketball players?
using Dayton as an example, they had $18.5M in men's basketball revenue in 22-23.
you could argue $3M is still a bargain.
you could argue $3M is still a bargain.
Makes sense for Dayton - they sell out almost all the time up there. But how much profit from that revenue do they clear, cause remember - they have to pay their coaching staff (likely 2 million or more), pay for charter flights, pay the gameday staff?, etc. I assume or hope they make a profit off that 18M, but who knows. But for schools, like UR - who don't turn a profit - would they be willing to add an annual $3M expense line item - Player payments.
Now take out expenses. Revenue is not earnings.
We’re in fantastic shape tho. We have 4 million more than we thought already! Taken from Trap’s fcs football spending account.
I don't know but we never seem to bat an eye when we extend Mooney's 7 figure contract and up his pay.
And no, of course not, we don't really want to spend millions paying basketball players, nor does any college. But that is the reality now, they must. This is what a multi-billion dollar endowment allows us to do; absorb unanticipated costs like this.
Oh no - your in trouble now - you said the E word - ENDOWMENT. You know that can't be touched. All that money is earmarked, and invested, etc. Plus - if we use it and the Endowment goes down - its look really bad when comparing our school to other endowment rich institutions. But lets remember - 3 million to a 2 billion endowment is equal to a rounding error.
There aren't a ton of schools that are going to be able to pay their basketball players $300k apiece indefinitely. Maybe for the first few years, yes. But after that? I just don't see it. I think things will even out to roughly where they were before this all started. The schools with money that play at a high level will just buy the best players from the level below, a few top schools at our level will do the same from the level below us, and everyone else will take whoever is left.
I hope we can stay in that second tier as long as possible.
I hope we can stay in that second tier as long as possible.
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