Today, on CNBC’s ‘Squawk Box. Joe Moglia discussed the NCAA’s pending settlement and its implications for collegiate athletics. The revenue-sharing model in collegiate sports heavily favors programs that generate significant income, primarily football and basketball. This model exacerbates the financial divide between these programs and smaller, less lucrative sports. The result? A growing disparity that could endanger the sustainability and diversity of collegiate sports programs across the country. Collegiate sports should not merely be profit-driven. They are a vital part of our educational system, providing opportunities for personal growth, education, and the building of community spirit. When only a few sports benefit from the majority of funding, we risk losing the broader educational and social values that these programs provide. #NCAA #RevenueSharing #Athletics #EducationFirst #Leadership
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The Future of College Football: Breaking Away from NCAA's Corruption In this video, we discuss the possibility of college football transitioning into two conferences, the Big Ten and the SEC, independent from the corrupt NCAA. We explore the exploitation of student-athletes and the impact of the transfer portal and Name, Image, and Likeness (NIL) opportunities. #CollegeFootballFuture #NCAACorruption #BigTenConference #SECConference #StudentAthleteRights #TransferPortal #NILOpportunities #CollegeSportsReform #CorruptNCAA #ExploitationInSports
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"The five autonomy conferences and the NCAA agreeing to settlement terms is an important step in the continuing reform of college sports that will provide benefits to student-athletes and provide clarity in college athletics across all divisions for years to come" 😂 🙄 AND PROVIDE CLARITY: 1. Employees or not 2. Can the cap be circumevented 3. How does a newly imposed Salary Cap not violate Anti-Trust Laws 4. Will athletes opt in 5. How if at all does Title IX apply 6. Why are non-P4 programs paying 60% vs. P4 at 40% 7. Media rights valuations 8. What protections, if any, are provided for future lawsuits 9. Who was this collectively bargained with 10. Conflicts of Interests everywhere (university level, athlete level, conference levels, P4 vs. G5 vs. FCS) Anything but CLARITY!!!! #NIL #nameimagelikeness #ncaa #revenueshare #housesettlement https://lnkd.in/eW7wJUmW
Joint statement on the agreement of settlement terms - NCAA.org
ncaa.org
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🌟 Game-Changer for Collegiate Athletics! 🌟 The NCAA and the former Power Five conferences are making headlines with the preliminary approval of a proposed settlement in ongoing antitrust litigation. This development could redefine the future of college sports, placing more power and opportunities in the hands of student-athletes. 🔑 Key Highlights of the Settlement: * Damages Settlement: $2.576 billion for former student-athletes dating back to 2016. * Revenue Sharing Model: Schools can now share revenues directly with current and future athletes. * NIL Policy Updates: Student-athletes can enter into Name, Image, and Likeness (NIL) agreements directly with schools (excluding broadcasting rights). * Reporting Requirements: NIL deals over $600 must be disclosed to a central clearinghouse. * Roster & Scholarship Reforms: Scholarship caps eliminated, with new roster size regulations. ⏳ What’s Next? The final settlement approval is expected by April 2025, marking a pivotal deadline that could officially usher in a new era for collegiate athletics. This isn’t just a settlement—it’s a movement toward fairness, transparency, and empowerment for student-athletes. What do you think this means for the future of college sports? Let’s discuss! #CollegiateAthletics #NCAA #StudentAthletes #NIL #Antitrust #SportsLaw
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Tamenang Choh and Grace Kirk are former Brown University basketball players. Last year they filed a lawsuit alleging that Ivy League schools violate antitrust law by not allowing athletic scholarships and other compensation for their athletic services. Their lawsuit has now become an important part of the proposed House v NCAA settlement, as today Choh and Kirk filed an opposition to preliminary approval of the House settlement. They argue that their claims challenging the Ivy League rules are being improperly released by the House settlement, because they are being released without adequately being redressed and without adequate representation. As a result, they are asking that their claims be carved out of the settlement and that their lawsuit be allowed to continue. They are expressly not challenging the part of the settlement that relates to #NIL damages claims. I expect we’ll see a similar opposition from the plaintiffs in Fontenot v NCAA and Cornelio v NCAA (which was filed this week). I also expect to see an opposition/objection at some point from individuals who are future college athletes, based on those individuals not being adequately represented in House. #ncaa #nameimagelikeness #collegeathletes #collegeathletics #sportslaw
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🚨Game-Changer in College Sports: House v. NCAA Settlement Moves Forward🚨 A federal judge has preliminarily approved the groundbreaking House v. NCAA settlement, which could reshape the future of college athletics. If finalized, it will: (1) Award $2.75 billion in back-pay to athletes, (2) Allocate $20B+ in revenue sharing to future athletes (3) Establish new scholarship and roster rules. This landmark decision marks a pivotal moment for athletes’ rights and NIL, but many questions remain, especially around Title IX enforcement. The settlement is expected to take full effect by the 2025-26 academic year. #NIL #CollegeSports #HousevNCAA #AthleteRights #SportsLaw — I’m Tyler Erickson, and this is my first substantive LinkedIn post. P.S. I hope Vanderbilt gets extra NIL money for beating Alabama.
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The early signing period for non-football college sports marks a significant shift toward a more professionalized model, with schools like Arizona issuing historic NIL revenue-sharing contracts directly to athletes. This transition introduces complexities, including unclear enforcement mechanisms, funding gaps between sports, and legal uncertainties about these agreements, all amidst a rapidly evolving landscape. As schools "frontload" deals ahead of the July 2025 revenue-sharing deadline, the system faces scrutiny over fairness, sustainability, and its potential to reshape college athletics permanently. #NIL #NCAA #NILRevenueSharing #AthleteCompensation #NILTransition #FutureOfCollegeAthletics https://lnkd.in/g2eG3rcZ
Building the Plane While Flying It: College Athletics Faces NIL Turbulence — The Student-Athlete Advisors
thestudentathleteadvisors.com
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NIL is a billion-dollar industry and financial literacy for college athletes has never been more important. For Financial Literacy Month, I wrote my first article for CNBC exploring how current college athletes, ex-professional athletes, and financial institutions are all working together to help NCAA athletes learn everything they need to know about money. Thanks to Chase Griffin, Brandon Copeland, Sandra L. Richards, and Carl Nassib for speaking with me about one of the most fascinating topics in sports right now. #nil #sportsbusiness #financialliteracymonth #cnbc
"All of the issues that pro athletes have dealt with for years are now going downstream," said former NFL player Brandon Copeland.
NIL-era college athletes navigate new realm of financial literacy
cnbc.com
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From Ashlyn Hare and John Clune, here are five key insights from yesterday's groundbreaking House v. NCAA Settlement Preliminary Approval Hearing. Check it out. #sportslaw #boulderlaw #titleIX #NCAAsettlement #NCAA
Insights and Observations from the Groundbreaking House v. NCAA Settlement Preliminary Approval Hearing — Hutchinson Black and Cook
hbcboulder.com
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"The settlement, believed to be in the final stages of adoption, consists of three main concepts: billions in back damages; a new compensation model permitting schools to share as much as $22 million annually with athletes in a capped system; and an overhaul of the NCAA scholarship and roster structure." Yahoo Sports Ross Dellenger NCAA #collegeathletics #NIL #settlement #compensation #negotiations #worktogether #alternatives
Docs: NCAA could face $20B in damages, bankruptcy if proposed settlement offer isn't agreed upon
sports.yahoo.com
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The Third Circuit has set a new precedent, recognizing that collegiate athletes can assert claims under the FLSA. This landmark decision has the potential to revolutionize the landscape of college sports I wrote all about it with my colleague Alison Silveira. Read our latest article to better understand the full implications of this game-changing ruling. https://lnkd.in/grCBcKf6 #LegalUpdate #CollegiateAthletes #FLSA #SportsLaw #WageAndHourLitigation
Wage and Hour Around the Corner: Game, Set,... and On to the Match: Third Circuit Breaks Precedent, Recognizing That Collegiate Athletes May Assert a Claim Under the FLSA | Wage & Hour Litigation Blog
https://www.wagehourlitigation.com
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6moGreat points, Tom. Your emphasis on maintaining the educational and social values of collegiate sports is crucial for the future.