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How Are College Football Leaders Valuing Player NIL Under Rev Share Structure?

When it comes to college football, recruiting, the transfer portal, and NIL, there’s a new dominating headline every week. The recent noise has surrounded top five-star offensive tackle recruit Jackson Cantwell, whose recent commitment to the Miami Hurricanes has sparked a massive debate surrounding name, image, and likeness. Reportedly, Cantwell received a $2 million NIL […]

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When it comes to college football, recruiting, the transfer portal, and NIL, there’s a new dominating headline every week.

The recent noise has surrounded top five-star offensive tackle recruit Jackson Cantwell, whose recent commitment to the Miami Hurricanes has sparked a massive debate surrounding name, image, and likeness.

Reportedly, Cantwell received a $2 million NIL deal to join the Hurricanes over the Georgia Bulldogs. Bulldogs head coach Kirby Smart later came out and criticized high schoolers receiving more than a senior.

Cantwell’s NIL deal also led to many college football personnel wondering, what’s the right NIL price per position on a roster?

How Should Rosters Be Built in the Rev-Sharing Era With NIL?

Following Cantwell’s commitment, Chris Hummer of 247Sports (subscription required) surveyed Power Four personnel and coaching staff.

He sought their opinions on spending 10% of a team’s salary cap on an offensive tackle yet to take a single college snap.

NIL has been unrestrained and unregulated, with teams spending millions on obtaining star talent in the transfer portal — Miami being a notable one with Carson Beck’s multimillion-dollar NIL deal.

That’s expected to change with the approval of the House settlement, under which schools will be held to a cap on revenue-sharing spending, which is expected to be $14 to $16 million for most Power Four schools in football.

Many in the sport view Cantwell’s valuation as untenable, not only due to the lack of proven talent in a high school tackle, but also due to how much of the salary cap his $2 million price tag amounts to.

That’s the context in which many are looking at Cantwell’s massive price tag and wondering how an unproven high school tackle could be worth it.

Schools can no longer expect to spend unlimited resources and must adopt a much more thoughtful approach to building their rosters in the revenue-sharing era.

One SEC director of scouting did highlight offensive tackle as a position to pay a premium for, alongside quarterback, edge rusher, and cornerback.

Others had a short list of wide receivers and defensive tackles but believed that all of that is scheme-dependent outside of quarterback.

Intriguingly, one Big 12 general manager posed a rebuttal to Cantwell’s price tag, preferring to instead sign three high school offensive tackles to $100,000 deals each.

That’s an interesting strategy to consider, as high school recruits just might not work out. College athletes who transfer might not translate to a new program.

But one of three might hit on a serviceable level.

That perspective was in line with several others surveyed, who argued that depth across positions is much more valuable than paying premiums for stars and leaving holes in the roster.

“I don’t find that to be the most effective way to build a roster long term,” the SEC director of scouting said. “But in reality, yes, some teams are going to spend that on a premium position or two each class because either they badly need the position in the short term or maybe they just don’t want to play against them for three-plus years.”

Now, if Cantwell hits, some may walk back that criticism.

Arguably, there’s an important strategy in spending top dollar on the position that protects a quarterback’s blind side.

Many in the sport might not have agreed with Beck’s price tag, nor Cantwell’s, but if the former is paid, then a team must address the latter role at offensive tackle with sufficient resources for that player under center to compete.





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Elite 5-star WR makes his NIL expectations clear after canceling Alabama visit

Class of 2026 five-star wide receiver Tristen Keys is making waves in the college football recruiting world. The Hattiesburg (Miss.) High School star held offers from Oregon, Michigan, Tennessee, USC, Alabama, Ole Miss, Georgia, Texas and plenty of other schools before committing to LSU. Even though Keys committed to LSU in March, other programs have […]

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Class of 2026 five-star wide receiver Tristen Keys is making waves in the college football recruiting world.

The Hattiesburg (Miss.) High School star held offers from Oregon, Michigan, Tennessee, USC, Alabama, Ole Miss, Georgia, Texas and plenty of other schools before committing to LSU.

Even though Keys committed to LSU in March, other programs have still been trying to convince him to flip and go elsewhere.

Recently, Keys decided to cancel a visit to Alabama, all but assuring that he is locked into LSU, and he revealed why he did so in an interview with On3’s Josh Newman.

“When it comes to money and development, of course I’d take development first because we trying to get to that big money, which is NFL,” Keys said. “When it comes to 700 to seven figures, and the production is there with the 700, I would take it because I want to be ready and prepared for the next level as fast as possible. So development is #1 for me, for sure.”

Newman said $700,000 would be “market value,” but Keys continued to express he wants to get better and develop to get to the NFL.

“I just feel like choosing development over money is a smart business decision, honestly,” Keys said. “When you get on the field, make plays, more opportunities come.”

Keys recently signed an NIL deal with Adidas, and his NIL valuation prior to that came in at $536,000, per On3. Moreover, Keys was expected to sign a deal somewhere in the $500,000-$1 million range, so there is a chance he gets the best of both worlds in Baton Rouge.

But Keys said time and time again that development is more important to him than a big payday, and taking less money to play more somewhere else is what seems important to the young wide receiver.



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Transfers are common across college sports. Athletes see irony in being criticized as disloyal | Football

Hailey Van Lith was one year away from tying a bow on a traditional college career at Louisville and being cemented as one of the most decorated four-year starters in Cardinals history. She had just led her team to its third straight Elite Eight appearance and put up career-high numbers, including 19.7 points per game. […]

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Hailey Van Lith was one year away from tying a bow on a traditional college career at Louisville and being cemented as one of the most decorated four-year starters in Cardinals history. She had just led her team to its third straight Elite Eight appearance and put up career-high numbers, including 19.7 points per game.

But the rising senior from Wenatchee, Washington, had other plans. With WNBA aspirations on her mind, Van Lith swapped Louisville red for LSU purple and gold and embarked on a new journey in Baton Rouge. Her lone season included another run to the Elite Eight and it was back to the transfer portal.

Coach Mark Campbell’s pro-style offense caught her eye, and she decided her fifth and final year of eligibility would be spent at TCU.

College sports was once rooted in tradition, school pride and loyalty, but those expectations are changing if not fading in a landscape where athletes have won the ability to transfer season to season, year to year. Some are painted as disloyal or selfish but Van Lith and others don’t see it that way.

“Whenever you transfer, you always expect pushback,” Van Lith told The Associated Press. “I can’t tell you how many podcasts I’ve seen on people discussing my choices to go to this school and that school, and the theories that are thrown out there are all wrong. But it’s just, you learn to live in harmony with that, and at the end of the day, I just decided I’m no longer going to let false assumptions disrupt my peace.”

One of the biggest misconceptions, Van Lith said, is that her transfer decisions were guided by NIL compensation. She was able to look past accusations of being a “money chaser” or a “trophy chaser” and find solace knowing onlookers didn’t have the full picture.

“Multiple of the schools that I went to, I actually never got a check from,” she said. “I think that in transfer culture now, a lot of people automatically assume that it has to do with the collective money or now I guess it’s revenue share. But it just depends on the person, and for me, it was all basketball decisions.”

A level playing field

Ann Skeet, senior director of Leadership Ethics at Santa Clara’s Markkula Center for Applied Ethics, said all parties should be held to the same standards. Coaches and athletic directors take new jobs, navigating buyouts and ill will along the way.

“I do think one of the realities of sport in this day and age is that people are making changes more often than they used to,” Skeet said. “How they communicate what their decision is, how much time they give people, how frequently they’re changing teams, all of those things should be considered, and I think it’s fair to hold the coaches and players to equal standards.”

Skeet acknowledged the pressure on athletes navigating a new, professional-like industry at a young age. Millions of dollars in name, image and likeness compensation is already flowing even before schools start cutting checks after July 1 under the NCAA antitrust settlement.

“The reality is, NIL is bringing market pressures to college sports in a way that we haven’t experienced before, and so players are having to trade off and think about what serves their own personal interests vs. what serves the team interests in ways that they haven’t had to consider in the past,” she said.

Complicated decisions

While Van Lith was deciding her future, running back Ray Davis was awaiting his. In his sole season at Kentucky, Davis rushed for 1,129 yards on 199 carries and led the SEC with 21 touchdowns from scrimmage. His production was enough to garner interest from NFL scouts.

Similar to Van Lith, Davis’s winding road to the pros involved several stops. Before Kentucky, he had two-year stints at Temple (2019-2021) and Vanderbilt (2021-2023). Transferring to Kentucky meant Davis would suit up for his third team in five years, and he knew moving from one SEC school to the next could stir the pot. The decision wasn’t an easy one.

“It was super difficult,” Davis said. “It took days, literally almost weeks to just really make a decision. And when I made the decision, I just had to live with it. I couldn’t think twice about it. I had to be confident.”

The move paid off. Davis gained national attention and was selected by the Buffalo Bills in the fourth round of the 2024 draft. But while his draft stock soared, the backlash from transferring a second time took a toll.

“Mentally it sucks because, you know, as a kid when you’re 18, 19 or whatever, you’re being told, ‘Hey he’s leaving because he’s disloyal,’ and that’s not what it is,” Davis said.

He focused on what he could control.

“I think it’s really about how you handle it yourself, how you internalize it yourself, and how you go about walking in the building each and every day. If you be like, `Ah, people are looking at me like I’m not an honest and disloyal person,’ then that’s going to hurt you mentally. But if you walk into a place where you’re confident in who you are, then I think you’ll succeed,” Davis told AP.

The impacts

Transfer decisions, regardless of the underlying factor, can lead to unfavorable public perceptions — or worse. A 2024 study found a cross-section of abusive content directed toward college athletes on social media.

“It certainly is their right to transfer, but then they will also develop whatever reputation they develop as a result of the choices they make. So people who transfer multiple times are going to be identified in that way,” Skeet said. “It goes with the territory, as they say.”

Both Van Lith and Davis noted the irony in receiving blowback when team personnel can seek new ventures without repercussions.

“Coaches leave. Directors leave. Everybody has the opportunity to leave. So for players, we’ve got to have that opportunity too,” Davis said.

Added Van Lith: “A lot of times, the loyalty is placed on the responsibility of the players, but you see coaches leave all the time to better their financial situation, to make more money, to do better for their family. When people talk about loyalty, I really challenge them to put into perspective, if they would feel the same if a coach left.”


AP college sports: https://apnews.com/hub/college-sports



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Michigan House rep introduces bill to sidestep NCAA NIL ruling

MSU alum and Michigan House Representative D-9th District Joe Tate introduced a bill on June 12 to limit NCAA regulations on name, image and likeness payments to college athletes. Tate, a defensive lineman at MSU from 2000-2003 and former Michigan speaker of the house, presented HB 4643 to block the NCAA, athletic conferences and universities from interfering […]

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MSU alum and Michigan House Representative D-9th District Joe Tate introduced a bill on June 12 to limit NCAA regulations on name, image and likeness payments to college athletes.

Tate, a defensive lineman at MSU from 2000-2003 and former Michigan speaker of the house, presented HB 4643 to block the NCAA, athletic conferences and universities from interfering with athletes looking to collect on NIL funds.

“There are conflicts with the Michigan statute that we have on the books allowing student-athletes to take advantage of their name, image and likeness while they are at the university that they are participating in and as a student,” Tate said. “It prohibits any entity from limiting a student-athlete’s ability to take full advantage of their name, image and likeness.”

On June 5, a settlement in the House v. NCAA case made way for athletic departments to pay student-athletes directly from university funds, ushering in a new era of NIL in college athletics. The ruling limited the power of third parties and NIL collectives to pay student-athletes. 

The bill would circumvent this ruling, allowing athletes and third parties to determine a “fair market value” according to Tate. 

In congruence with the House settlement, the NCAA is asking power conferences, including the Big Ten, to comply with the NCAA rules even if it means breaking state laws like HB 4643. 

It is unclear how this will unfold between the NCAA and states in the coming months. Industry leaders have called on Congress to enact a law preventing student-athletes from becoming employees and provide the NCAA with antitrust exemptions. 

The president of Charitable Gift America and a prominent NIL collective, Dr. Tom Dieters, sponsoring MSU athletes like baseball’s Joseph Dzierwa, said the new bill would allow for athletes to earn compensation without the limits of the university or NCAA.

“The new NCAA rules, and they’re not laws, put a cap on compensation or can even prevent the student from getting an NIL contract altogether,” Dieters said.

MSU tennis standout Ozan Baris said there is an overwhelming amount of uncertainty in the NIL space and stated this bill would put an end to that.

“That’s where NIL is always so beneficial,” Baris said. “It gives me that place where I can play tennis and not have to worry about the financial stress of a financially burdening sport at times.”

Tate has experienced the difficulty of being a student-athlete and states they deserve the same rights that other students receive. “I know the dedication, sacrifices and challenges that come with balancing academics, athletics and personal growth,” he said.

Without the limits imposed by the House v. NCAA case, National College Players Association Executive Director Ramogi Huma said the bill could lead to increased recruiting at universities in the state.

“Student-athletes and their families look at a lot of factors whereas to decide where you go to school,” Tate said. “If Michigan is open for business, for student-athletes being able to take advantage of NIL, I would imagine that would be a tool to attract talent into our universities across the state.”

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LA Lakers Sold for $10B

The LA Lakers sold for $10 billion in a record-breaking deal, setting a new high for the most expensive sports franchise transaction in U.S. history. As one of the most storied franchises in professional sports, this moment marks a historic power shift—both financially and culturally. The buyer is Mark Walter, CEO of Guggenheim Partners and […]

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LA Lakers Sold for $10B

The LA Lakers sold for $10 billion in a record-breaking deal, setting a new high for the most expensive sports franchise transaction in U.S. history.

As one of the most storied franchises in professional sports, this moment marks a historic power shift—both financially and culturally.

The buyer is Mark Walter, CEO of Guggenheim Partners and co-owner of the Los Angeles Dodgers. Walter had held a 27% minority stake in the Lakers since 2021 and, on June 18, 2025, exercised his right of first refusal to acquire a controlling interest.

This historic deal marks the end of an era for the Buss family, who purchased the team in 1979 for $67.5 million. Although they will retain a minority stake of approximately 15%, the franchise will now operate under new majority ownership, with Jeanie Buss continuing in her role as team governor.

But beyond the headlines, this moment offers powerful insights into ownership, brand value, and long-term wealth—especially for Black entrepreneurs and investors.

Why the LA Lakers’ $10 Billion Sale Matters

The LA Lakers’ valuation isn’t solely based on athletic performance. It reflects the strength of the brand, global media rights, real estate assets, and cultural relevance.

From $67.5 million to $10 billion in less than 50 years, the franchise exemplifies how holding culturally significant assets can generate exponential returns.

For Black founders, creators, and capital allocators, the message is clear: income builds security, but ownership builds wealth.

The Ongoing Ownership Gap in Pro Sports

Despite making up more than 70 percent of NBA players, there are currently no Black majority owners in the league. Michael Jordan, the only one in league history, sold his controlling stake in the Charlotte Hornets in 2023.

This disparity highlights how power in sports—and across many industries—remains concentrated. The LA Lakers sale underscores just how inaccessible majority ownership remains without intentional coordination and institutional backing.

Five Lessons from the Lakers Deal for Black Entrepreneurs and Investors

1. Brand equity drives valuation
The Lakers are valuable not just because they win, but because their brand has global resonance. Whether you’re building a service business, startup, or media company, brand equity is a strategic asset.

2. Diversify revenue streams
The team generates income through media rights, ticket sales, sponsorships, real estate partnerships, merchandise, and more. Black-owned businesses should adopt similar multi-channel strategies.

3. Legacy over liquidity
The Buss family held the Lakers for nearly five decades. That long-term perspective enabled strategic growth and leverage. Black capital must prioritize legacy-minded strategies over quick exits.

4. Media is a multiplier
The NBA’s next media deal is projected to exceed $75 billion. Visibility, narrative control, and content ownership can significantly influence valuation. Every business should treat storytelling as a core function. At Shoppe Black, we help craft narratives that build authority and drive results.

5. Ownership requires collective capital
Very few individuals can write a $10 billion check—but coalitions can. Syndicated ownership and collaborative investing—especially among Black fund managers, athletes, and institutions—are key to breaking barriers.

What Comes Next

Could a Black-led group acquire a franchise at this level? Yes—but not without long-term planning, access to capital, and strategic coordination.

It will require more investment syndicates, greater visibility for emerging investors, and stronger institutional relationships aligned around a common goal: ownership.

by Tony O. Lawson

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Transfers are common across college sports. Athletes see irony in being criticized as disloyal | Football

Hailey Van Lith was one year away from tying a bow on a traditional college career at Louisville and being cemented as one of the most decorated four-year starters in Cardinals history. She had just led her team to its third straight Elite Eight appearance and put up career-high numbers, including 19.7 points per game. […]

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Hailey Van Lith was one year away from tying a bow on a traditional college career at Louisville and being cemented as one of the most decorated four-year starters in Cardinals history. She had just led her team to its third straight Elite Eight appearance and put up career-high numbers, including 19.7 points per game.

But the rising senior from Wenatchee, Washington, had other plans. With WNBA aspirations on her mind, Van Lith swapped Louisville red for LSU purple and gold and embarked on a new journey in Baton Rouge. Her lone season included another run to the Elite Eight and it was back to the transfer portal.

Coach Mark Campbell’s pro-style offense caught her eye, and she decided her fifth and final year of eligibility would be spent at TCU.

College sports was once rooted in tradition, school pride and loyalty, but those expectations are changing if not fading in a landscape where athletes have won the ability to transfer season to season, year to year. Some are painted as disloyal or selfish but Van Lith and others don’t see it that way.

“Whenever you transfer, you always expect pushback,” Van Lith told The Associated Press. “I can’t tell you how many podcasts I’ve seen on people discussing my choices to go to this school and that school, and the theories that are thrown out there are all wrong. But it’s just, you learn to live in harmony with that, and at the end of the day, I just decided I’m no longer going to let false assumptions disrupt my peace.”

One of the biggest misconceptions, Van Lith said, is that her transfer decisions were guided by NIL compensation. She was able to look past accusations of being a “money chaser” or a “trophy chaser” and find solace knowing onlookers didn’t have the full picture.

“Multiple of the schools that I went to, I actually never got a check from,” she said. “I think that in transfer culture now, a lot of people automatically assume that it has to do with the collective money or now I guess it’s revenue share. But it just depends on the person, and for me, it was all basketball decisions.”

A level playing field

Ann Skeet, senior director of Leadership Ethics at Santa Clara’s Markkula Center for Applied Ethics, said all parties should be held to the same standards. Coaches and athletic directors take new jobs, navigating buyouts and ill will along the way.

“I do think one of the realities of sport in this day and age is that people are making changes more often than they used to,” Skeet said. “How they communicate what their decision is, how much time they give people, how frequently they’re changing teams, all of those things should be considered, and I think it’s fair to hold the coaches and players to equal standards.”

Skeet acknowledged the pressure on athletes navigating a new, professional-like industry at a young age. Millions of dollars in name, image and likeness compensation is already flowing even before schools start cutting checks after July 1 under the NCAA antitrust settlement.

“The reality is, NIL is bringing market pressures to college sports in a way that we haven’t experienced before, and so players are having to trade off and think about what serves their own personal interests vs. what serves the team interests in ways that they haven’t had to consider in the past,” she said.

Complicated decisions

While Van Lith was deciding her future, running back Ray Davis was awaiting his. In his sole season at Kentucky, Davis rushed for 1,129 yards on 199 carries and led the SEC with 21 touchdowns from scrimmage. His production was enough to garner interest from NFL scouts.

Similar to Van Lith, Davis’s winding road to the pros involved several stops. Before Kentucky, he had two-year stints at Temple (2019-2021) and Vanderbilt (2021-2023). Transferring to Kentucky meant Davis would suit up for his third team in five years, and he knew moving from one SEC school to the next could stir the pot. The decision wasn’t an easy one.

“It was super difficult,” Davis said. “It took days, literally almost weeks to just really make a decision. And when I made the decision, I just had to live with it. I couldn’t think twice about it. I had to be confident.”

The move paid off. Davis gained national attention and was selected by the Buffalo Bills in the fourth round of the 2024 draft. But while his draft stock soared, the backlash from transferring a second time took a toll.

“Mentally it sucks because, you know, as a kid when you’re 18, 19 or whatever, you’re being told, ‘Hey he’s leaving because he’s disloyal,’ and that’s not what it is,” Davis said.

He focused on what he could control.

“I think it’s really about how you handle it yourself, how you internalize it yourself, and how you go about walking in the building each and every day. If you be like, `Ah, people are looking at me like I’m not an honest and disloyal person,’ then that’s going to hurt you mentally. But if you walk into a place where you’re confident in who you are, then I think you’ll succeed,” Davis told AP.

The impacts

Transfer decisions, regardless of the underlying factor, can lead to unfavorable public perceptions — or worse. A 2024 study found a cross-section of abusive content directed toward college athletes on social media.

“It certainly is their right to transfer, but then they will also develop whatever reputation they develop as a result of the choices they make. So people who transfer multiple times are going to be identified in that way,” Skeet said. “It goes with the territory, as they say.”

Both Van Lith and Davis noted the irony in receiving blowback when team personnel can seek new ventures without repercussions.

“Coaches leave. Directors leave. Everybody has the opportunity to leave. So for players, we’ve got to have that opportunity too,” Davis said.

Added Van Lith: “A lot of times, the loyalty is placed on the responsibility of the players, but you see coaches leave all the time to better their financial situation, to make more money, to do better for their family. When people talk about loyalty, I really challenge them to put into perspective, if they would feel the same if a coach left.”


AP college sports: https://apnews.com/hub/college-sports



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How Does the House v. NCAA Settlement Affect NIL for Collegiate Athletes? What to Know – Eagle Media

After years of buildup and legal arguments, the House v. NCAA reached a settlement on revenue share for collegiate athletes on June 6. The $2.8 billion, ten-year settlement will pay current and past players for missed name, image and likeness opportunities. Still, it most notably will allow colleges to pay current players directly starting July […]

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After years of buildup and legal arguments, the House v. NCAA reached a settlement on revenue share for collegiate athletes on June 6. The $2.8 billion, ten-year settlement will pay current and past players for missed name, image and likeness opportunities. Still, it most notably will allow colleges to pay current players directly starting July 1. 

U.S. District Judge Claudia Wilken gave final approval of the landmark settlement. This comes after five years of litigation, followed by another year of discussions and edits, following the NCAA and power conferences’ initial decision to settle the suit in 2024. 

This ruling ends the amateurism status of the NCAA and provides a new framework of rules and regulations to help tame what some have called the “Wild West” era of NIL. Currently, NIL collectives operate virtually free from any sort of regulation, which results in widespread tampering across college sports and multiple lawsuits every time a player leaves a school for another after receiving a payment from the school they left. 

This most notable incident took place recently, when quarterback Madden Iamaleava transferred from Arkansas to UCLA during the spring transfer portal window. Iamaleava was an early-enrollee member of the Razorbacks’ 2025 high school recruiting class. He transferred after just spending a few weeks with the program. 

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The school’s collective, Arkansas EDGE, is still pursuing its legal dispute against Iamaleava. According to CBS Sports, they’re seeking $200,000 in repayment following his decision to leave before he touched the field. This case marks a new and aggressive approach to NIL contract enforcement, which is likely to become a more common occurrence as NIL contracts become a requirement for players to enroll at a new school. 

According to the Associated Press, universities will share up to $20.5 million with student-athletes directly across all sports. That cap will increase by at least four percent each year throughout the ten-year agreement. As far as the current planned distribution model goes, most schools are expected to allocate roughly 75 percent of future revenue to football players, 15 percent to men’s basketball, five percent to women’s basketball and the rest to all remaining sports. However, other schools plan to mirror the gross revenue each sport averages, which would likely result in more than 85 percent of the money earned being allocated to football players.

One of the main arguments against the settlement was that the new roster limits could result in thousands of student-athletes losing their spots due to imposed limitations across all 43 NCAA-sponsored sports. 

This counterargument led to a delay in the final ruling until a compromise was reached. While the judge asked for a plan to be proposed that would “grandfather in” current athletes, the power conferences instead proposed a compromise that would allow schools the option to temporarily exceed the roster limits until the players exhausted their eligibility. 

Once the roster limits are enforced, some sports will gain spots that they didn’t have in previous years, but most will be shrunk down despite being able to offer unlimited scholarships within those thresholds. 

 



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