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.
From the JOC article at least, sounds like we are committed to be in the range Bernadette predicts, which is $1-3 million.
Me too. Positive sign, though, that UR is determined to be in the A10 and show this kind of commitment. A10 as a whole, I’m sure will also be committed to remain in that second tier just below P5s. So hopefully everyone who remains in the A10 will all be on the same page as far as it comes to this commitment.
With schools being able to donate directly to student athletes, will there be a way that donors can give directly to a sport’s (like women’s lacrosse or men’s basketball) NIL program specific through UR? Similar to what UVA did with the Cav Future.
For instance, every year that we do the UR giving day, athletics is always number one in amount raised and number of donations. Last year, it raised over a million. I wonder if there will be an option that will allow someone, through a UR website, to donate to a specific sports NIL. If so, I have a feeling that will raise a good amount of money.
richmondspiders.com
For instance, every year that we do the UR giving day, athletics is always number one in amount raised and number of donations. Last year, it raised over a million. I wonder if there will be an option that will allow someone, through a UR website, to donate to a specific sports NIL. If so, I have a feeling that will raise a good amount of money.
Spider Athletics Raises Over $1 Million on #URHere Giving Day - University of Richmond Athletics
RICHMOND, Va. — Richmond Athletics raised more than $1,000,000 to support Spider student-athletes during the University of Richmond's sixth annual #URHere Gi...
lol, yeah I know revenue is not earnings.
you think Dayton men's basketball has anywhere close to $18M in expenses???
basketball is cash positive. it shouldn't be a basketball program's job to fund an entire athletic department.
They can from the endowment what they need. They are not going to pull 3 million specifically to pay the men's basketball players, but maybe they just pull an extra 3 million for University operations next year, and then we free up say 3 million in other university operations for our athletic department. We can move the shells around enough to cover this
idk, 10M maybe more. who cares these schools have a way of funny accounting anyway, their expenses will often exactly match their revenue if u looked at a P&L statement. Dayton athletic budget was 36 mil. I didn't really see them bringing in too much revenue outside hoops. they'll have some contributions but nothing to make up that loss. so 18M doesn't cut it. u don't think it's bball job or football job depending on the school to fund the rest of athletic dept. I get that. but that's the way it is. they subsidize others, and shortfalls made up by school operating budget, the govt, student fees, etc.
I'm not saying we can't play the game. I'm not a big fan of it, but the alternative sucks. So we're in the game - until that changes - let's go for it. Like 97 we can easily very easily get $ of out of endowment and move it around for hoops...more funny accounting.
$10M+ seems like a good guess. Five years ago, Dayton spent $7.4M on men's basketball according to this piece, so with some inflation and likely salary increases, I'd imagine it's in that range now.
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