Originally published at: https://pistolsfiringblog.com/weiberg-announces-seven-oklahoma-state-sports-included-in-revenue-share/
Weiberg announces which sports will be included in OSU’s rev share.
Surprised soccer was included and not golf
Is Golf considered a ticketed sport? Not sure why it would be relevant, but Chad’s statement explicitly stated “ticketed sports”.
So other than the PFB article here I know nothing about the court case that has been signed off and any of the details around it. But based on the PFB article alone it appears that the current problems with college sports are far from being fixed. I’m not even sure if this final ruling is even a good first step.
I guess it’s not so my bad.
How, in the name of Title IX, is 75-15-5-5 legal?
Just seems like we’re back to the future. Lawyers are going to get rich off this deal.
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The football and men’s basketball program need all the revenue they could possibly get right now.
It’s interesting that golf is not part of the money sports. We give money to wrestling as well we should as it’s the most successful program in history. Not every school has wrestling. So what happens if say a good golf school begins paying golfers? How will we recruit against that? I mean even if they just offer50k. The sports that pay to play will begin to get the best recruits. Football & Basketball don’t t matter because everyone will pay the players. This will become very interesting how to keep up with the Jones.
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I thought the same thing. At one point the Department of education said that because of Title IX the payments would have to be split evenly among men and women. Although some one else said that Totle IX has to give the same opportunity for women but not necessarily compensation. I don’t know either way, but yes there will be lawsuits.
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75% (football): $15.3 million
15% (men’s basketball): $3 million
5% (women’s basketball): $1 million
5% (wrestling, baseball, softball, w soccer): $1 million or about $250,000 each
And now break that down into scholarship players on a team.
Football 105
Wrestling 30 (up from 9.9)
Soccer 28
Men’s Basketball 15
Women’s Basketball 15
Softball 12
Baseball 11.7
So football has 7 times as many players as basketball and 5 times the money.
How come baseball/softball has so few scholarships. That would be like offering 6 or 7 in basketball.
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Geez! I wish they would’ve had regulations on all of this before the NIL deals took off. I understand these student athletes are making money for the school, and should get a piece of that. BUT, in my opinion, there should have a been a “salary cap”. These kids have enough stresses of classes and school and learning the aspects of being an athlete on a bigger stage. They don’t need the added stress of trying to handle millions of dollars at 18-22 yrs old. (I know not all of them are making millions, but hopefully you get the point).
Give them a smaller portion to learn how to live on that, then they can graduate to the millions when they reach the pro level.
This is where moms and dads and grandparents and aunts and uncles have to be the adults and say, “Junior, here’s how much is going in your account. Here’s your monthly budget. Let’s hire you a financial planner/accountant type to helps us figure this out. This will pay dividends for you for the rest of your life. If you budget and manage money properly, and you continue those habits while making NFL money, you can live very, very well for a very, very long time!!!”
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Or just show Junior a picture of homeless Delonte West and say “This will happen to you if you FAFO with your money.”
It’s crazy to think this is just the revenue share piece. NIL still exists, so this is ON TOP OF what a guy can bring in for NIL.
My money says many of those moms, dads, aunts, uncles, and whoever else the player considers family and “friends” don’t even have any financial discipline in their own lives. Along those same lines, my money also says the financial future of many of those players will be consistent with retired NFL players: nearly 80% will have significant financial hardship when they leave collegiate sports or retire from the NFL.
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Yep you pretty much summed up what going to happen to a lot of these college athletes.
And you’re probably right. I was just trying to share good advice. Haha!
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Exactly! It becomes too much money. And, it brings up all of these kids committing to one school, then flipping to another, just because they can get more money. On their end, I get it. But, on the other hand, stick to your word. Find the place that you want to be at, not the place that you’re going to leave after a year.
We wouldn’t be seeing all of these transfers and dealing with the portal as much if there was a cap on what they can make. Again, just my opinion. The rules and regulations should’ve been put in place way before the NIL was allowed to happen. It is the same as what Oklahoma did with the marijuana laws (or lack thereof). Pass the bill to get it done, then try and catch up with the laws and licenses and fees after the fact. Dumb.