A Boon for Hoops-Only Schools?

[Eagleton96]

This article notes that the House v. NCAA settlement will allow each school to spend up to $20 mil on athlete compensation. That's the same for football schools and for basketball only schools. So schools in the Big East could, in theory, spend the majority of their $20 mill on hoops while the Big Ten and SEC etc will be spending it mostly on football.

There will also be more demand to spread some of these funds around to other D1 sports in conferences like the Big Ten than in the Big East or other mid-majors.

So this will level the playing field somewhat between the schools in the power 4 in football, it may be creating new advantages for the Basketball-only schools.

Will be interesting to see how schools split the funds and what RU will do.

Seton Hall NIL To Grow

 

[bac2therac]

Honestly that seems like an unfair advantage to give each school that much

 

[darkcheck]

This article notes that the House v. NCAA settlement will allow each school to spend up to $20 mil on athlete compensation. That's the same for football schools and for basketball only schools. So schools in the Big East could, in theory, spend the majority of their $20 mill on hoops while the Big Ten and SEC etc will be spending it mostly on football.

There will also be more demand to spread some of these funds around to other D1 sports in conferences like the Big Ten than in the Big East or other mid-majors.

So this will level the playing field somewhat between the schools in the power 4 in football, it may be creating new advantages for the Basketball-only schools.

Will be interesting to how schools split the funds and what RU will do.

Seton Hall NIL To Grow

I think basketball only getting $3mm. To complicate matters don’t we move to 15 scholarships I can see Big East teams making their 13th 14th guy who would have been our 10th11th because they can pay more. It’s really a fork in the road. If you try to split money evenly across two sports you could fall behind in both. I say it’s time to become a basketball school

 

[SHUSource]

I don't have my head fully around this yet, but even if basketball-onlies had the freedom to spend $20 million, that doesn't mean they have the $20 million to spend. Seton Hall certainly doesn't, and while some of our contemporaries will have more, and maybe way more, it won't be anywhere near that figure. Mu impression is that we are figuring to spend about the same as places like Rutgers once you've distributed to football and whoever else gets a cut. But there certainly won't be any advantage for us, at least if I understand this at all.

 

[mjjoyce51]

I guess they could but how much revenue are hoops only schools bringing in? I saw an article that estimates that Marquette has the highest athletic revenue in the Big East at $25M.

 

[PhillyRU]

You can also supplement school funding with collective $$. So like Michigan will have a lot more than $20 million

 

[bac2therac]

I don't have my head fully around this yet, but even if basketball-onlies had the freedom to spend $20 million, that doesn't mean they have the $20 million to spend. Seton Hall certainly doesn't, and while some of our contemporaries will have more, and maybe way more, it won't be anywhere near that figure. Mu impression is that we are figuring to spend about the same as places like Rutgers once you've distributed to football and whoever else gets a cut. But there certainly won't be any advantage for us, at least if I understand this at all.

ah okay thanks..wouldnt make sense if they are not producing football revenue

 

[Eagleton96]

I guess they could but how much revenue are hoops only schools bringing in? I saw an article that estimates that Marquette has the highest athletic revenue in the Big East at $25M.

I don't think most hoops schools will spend $20 mil on hoops. Maybe Kentucky etc. will though. But I think it will be pretty easy for them to squeeze out 4-5 mil, which is more than RU and other football schools will be able to because we still need the majority of the funds for football.

 

[cRURah]

Like most things in college sports these days, makes no sense!

 

[SHUSource]

I don't think most hoops schools will spend $20 mil on hoops. Maybe Kentucky etc. will though. But I think it will be pretty easy for them to squeeze out 4-5 mil, which is more than RU and other football schools will be able to because we still need the majority of the funds for football.

The lion's share of Marquette's $25 million in revenue will be plowed back into the department as operational revenue as it always has, but given their relative abundance as compared to many other BB-onlies, I think you'll see them devote more toward this than many peers. Because they can. They also have a pretty good third-party/collective program, which I imagine will continue to supplement that pool of money. Programs with middling or paltry third-party operations will likely abandon them and focus their energy on traditional athletic development like our Pirate Blue or your Scarlet R, which I think is the university-run athletic fundraising arm, right? (To be clear, I'm not grouping your collectives in with that group.)

 

[NewJerseyHawk]

The article on the surface is flawed with tons of missing information.

 

[Degaz-RU]

I don't have my head fully around this yet, but even if basketball-onlies had the freedom to spend $20 million, that doesn't mean they have the $20 million to spend. Seton Hall certainly doesn't, and while some of our contemporaries will have more, and maybe way more, it won't be anywhere near that figure. Mu impression is that we are figuring to spend about the same as places like Rutgers once you've distributed to football and whoever else gets a cut. But there certainly won't be any advantage for us, at least if I understand this at all.

This. The Big Ten is paying each school $75 million or thereabouts each year from media agreements. The Big East is paying its members less than $10 million each year, and the revenue is not equal for each school (so UCONN might get $9 million while Depaul might get $6 million).

 

[RUinPinehurst]

Cheats gonna cheat, nonetheless.... Rules are for losers. Sorry, "following" rules is for losers. Go Heels! And, while we're at it, M Go Blue!

 

[kt124]

the big east’s TV contract currently pays out ~$7M per school per year

 

[mjjoyce51]

I don't think most hoops schools will spend $20 mil on hoops. Maybe Kentucky etc. will though. But I think it will be pretty easy for them to squeeze out 4-5 mil, which is more than RU and other football schools will be able to because we still need the majority of the funds for football.

I don't know about that number being pretty easy to dish out that's still a large percentage of their revenue. It's also exactly what Maryland has disclosed they're allocating to Men's Basketball.

 

[Eagleton96]

I don't know about that number being pretty easy to dish out that's still a large percentage of their revenue. It's also exactly what Maryland has disclosed they're allocating to Men's Basketball.

It will be interesting to see. There will be a wide range of responses among the hoops only high and mid majors. From Gonzaga to SHU.

 

[ru66]

If the power 5 football schools are in any way disadvantaged expect them to do something about it--- like changing the ncaa basketball tourney to be exclusive for them and shutting out the non football playing schools.. In any event wait and see what really are the facfs when the case is finalized.

 

[seansherm]

99% of hoops only schools won't put over $10M into revenue sharing, I'd think. Some could put more than football schools will though.

 

[Rhuarc]

The lion's share of Marquette's $25 million in revenue will be plowed back into the department as operational revenue as it always has, but given their relative abundance as compared to many other BB-onlies, I think you'll see them devote more toward this than many peers. Because they can. They also have a pretty good third-party/collective program, which I imagine will continue to supplement that pool of money. Programs with middling or paltry third-party operations will likely abandon them and focus their energy on traditional athletic development like our Pirate Blue or your Scarlet R, which I think is the university-run athletic fundraising arm, right? (To be clear, I'm not grouping your collectives in with that group.)

Source, what is the current state of SHU's athletic programs? Do they bleed money? if so, how much?

 

[BigRnj]

Shit seton hall might win 10 games next year with that kind of money 🤔

 

[Greene Rice FIG]

They have to raise the money 1st

 

[SHUSource]

Source, what is the current state of SHU's athletic programs? Do they bleed money? if so, how much?

I can't really say, but I'll bet not a ton. It's a pretty small program, and I don't think they put much into it beyond the essential costs. It's also never struck me as the type of place that would spend itself too far into the red (though I could be wrong). They'd just suck before they did that and live with it.

 

[NickRU714]

This. The Big Ten is paying each school $75 million or thereabouts each year from media agreements. The Big East is paying its members less than $10 million each year, and the revenue is not equal for each school (so UCONN might get $9 million while Depaul might get $6 million).

Despite what many try to claim, Rutgers is part of the 1% in college athletics.

Whenever anyone says there needs to be a "level playing field" - that would severely harm Rutgers.
A level playing field pulls Rutgers down to SHU and Temple.

I prefer the current uneven playing field with Rutgers getting nearly $75m while most everyone else gets much less.

 

[TRU2RU]

Pretty sure the upcoming settlement stipulates that teams can spend up to 22% of revenue brought in, up to a maximum of $22 million per year. Given the Big East revenue from TV rights is around $7 million before ticket sales etc. they will be giving out much, much less then B1G schools with their massive TV deal & huge football stadiums & arenas