A judge has given preliminary approval for schools to start paying players directly. Will start with a 20 million per school budget. Landmark college settlement gets preliminary OK
Good, now they can stop begging us for money when millions go to the schools from TV contracts. NIL model is not sustainable, this makes more sense.
Yea, 20 million isn’t going to go as far as people think. This will still largely be a crowdsourcing endeavor.
The weird thing to me is that this judge and plaintiffs and defense attorneys appear to be trying to re-write existing tax and labor law. I'm sure they are sifting through haystacks to find loopholes that they believe will keep the players as non-employees, but I think the IRS and DOL will have the last word on that and, as usual, the NCAA will lose in court again.
No way they’re gonna get away paying the players directly under the guise of NIL. Wouldn’t think that would change much tax wise for the players, but would certainly impact the schools. No more practice time constraints?
You're right, the NIL is here to stay... But the NIL is not the abolishment of amateurism in college sports, like some (judges) think it is. I hope the SCOTUS strikes down that semi-professional BS these judges are allowing.
The settlement somehow tries to distinguish between collectives and regular NIL, and proposes limitations on the former. I'm not sure how that restriction is being written, how effective it could be (big donors will find a way around it), and how it would stand up to legal scrutiny. The other thing about that $20 million number is whether its subject to Title IX, i.e. do women get half? That's going to be a bitter fight. If women win that argument, you're right that $20 million won't go far at all in terms of funding the football and basketball teams compared to today.
Yeah, all I can do is LOL at this. So... a judge gets to decide, in a clearly rigged "settlement", how much the schools can pay? Too funny.
