The SEC will vote to approve today of an approximately $15 billion settlement to close the House, Hubbard and Carter antitrust cases. It will include $2.8 billion in back damages and more than $1 billion a year for the next 10 years. The NCAA and most other conferences have already approved the settlement, which must still be approved by a judge.
Once all is finalized, schools/conferences should be able to set up a revenue-sharing model of approximately $22 million with athletes per year and perhaps some sort of a salary cap. It will also remove scholarship restrictions, meaning baseball will no longer be limited to 11.7 per year and can give a scholly for every roster spot allowed by the NCAA or SEC.
This is going to cost schools like Auburn around $20-30 million per year that they're going to have to come up with by making cuts, being more frugal or raising prices. Of course, there's more money than ever coming in for SEC-type schools with expanded conferences, new media deals and the expanded playoffs.
Once all is finalized, schools/conferences should be able to set up a revenue-sharing model of approximately $22 million with athletes per year and perhaps some sort of a salary cap. It will also remove scholarship restrictions, meaning baseball will no longer be limited to 11.7 per year and can give a scholly for every roster spot allowed by the NCAA or SEC.
This is going to cost schools like Auburn around $20-30 million per year that they're going to have to come up with by making cuts, being more frugal or raising prices. Of course, there's more money than ever coming in for SEC-type schools with expanded conferences, new media deals and the expanded playoffs.
