Re: How will revenue sharing operate in college

How will revenue sharing operate in college

Good question. I have zero idea how it will work.

Re: How will revenue sharing operate in college

Why wouldn't they want it?

It is supposed to start next season if the judge gets the settlement changes he wants in the details of how it is carried out.
All Power 5 teams will have to pony up 22 million a year to be shared with the revenue producing student athletes. The teams can share more if they wish. The amount increases each year based on how much revenue the team makes. It is up to each school to determine the amount each athlete receives. Each school will have to come up with a plan. There will be a "Overseer" who will monitor the program to insure it is conforming to the settlement rules set up by judge and agreed to by both parties.

An additional 10 million dollars by each power 5 school will have to be shared with revenue producing sports athletes who played in the past 10 years. That is a one time payout.

The NCAA wants congress to pass legislation that will be like the NFL legislation which does not force teams to abide by the federal anti trust laws. If that legislation is passed, players will have bargaining rights and can strike but will be under contracts or employees.

That is what I remember and I may have remembered incorrectly. Each team is going to have a full time staff handling this revenue sharing hot potato. It will not affect any non power 5 team. Those teams are the one's making the money.

HTH.

LakeNormanTiger

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Oct 17, 2024, 9:51 AM

Dabo said in a recent press conference this week that it starts this coming summer (July 1 2025??).

I think the details are still being ironed out. Junkyards post below is roughly what I have heard. (I heard that all schools participating in the D1 football would have to pay the 20 million number). The bigger P5 schools were pushing for this because they could spread out the cost of the previous 10 year buyout over a larger pool of schools/ also it watered down the revenue sharing number. I dont know this for certain. Its just what you hear on the morning talk shows. But what seems consistent is the $20mil future revenue sharing. Why this has to be specified at $20mil, versus $10mil, or even $50. Why not just say schools can decide on their own. They just cant have an agreement between them on restricting this number. Let the market figure it out. I mean seriously how does a school like Wake Forest raise another $20 million to just pay athletes. There stadium is 1/3 the size of Clemsons. They are not getting anymore TV money either. Massive cuts to payrolls/ programs have to be in the works.. I dont see how they cant be.

Side Topic about Future Cost of Season Tickets:

I do remember Dabo saying that he is excited about revenue sharing this week. Because "raising NIL funds is hard" (direct quote). There are some posters that keep saying we have a big NIL war chest. Well our coach seems to think keeping that chest full has been hard.. So that gives me doubts about how much are big donors are able to continually give. This is not a criticism of this group, I just never believed there was a endless well of money that could be provided. And his (Dabo) statement to me is kind of validating that belief.

But this brings me to my concern about season ticket prices. I think prices are going to increase drastically next season. I think this group will bare the biggest burdened. Basketball and Baseball will see some increases. But my guess is that football season ticket prices are going to increase by $200 for the upper deck and $250 for the lower deck next year. Everyone was chiding Tennesse a few weeks ago about basically adding on a NIL surcharge to their ticket prices. I believe revenue sharing takes away having to work through the collective and basically is going to be raised through season ticket sales. You will still have some generous donors that may help to get a big time recruit in the future with NIL deals, but coming up with this $20mill to pay the players is going to come from season ticket sales. It has to. All of the other revenue from television/ etc. is already spoken for in our existing budgets. So unless we see a lot of cuts to other programs or to the coaching staff of the football team, the money has to come from season ticket sales.

If you are a IPTAY doner that has been giving thousands a year and have been uable to get a lower deck ticket because of the stong sesaon ticket renewal rate, I think next year/ maybe the year after that you will likely get what you have been after. But unfortunately, I think the people that get priced out, will not be relocating to the upper deck. I think they relocate to their couch and maybe come to 1~2 games a year.

Also, I have been wondering how a College football ticket compares to an NFL ticket. I tried to get some info from the panthers website, but its vague and they want your contact info so that they can follow up with you a tailored offer for you. I am not interested in becoming a NFL season ticket holder so I gave up. But what I could roughly gather, a lower deck PSL in the end zone an up to around the 20s looks to be an upfront 1 time cost of about 7k to buy the rights to the seat. I think there is a 7% annual maintenance fee on the seats. So this is like a time share. Then the season ticket price, which you have to purchase yearly is about $2000 a ticket. No parking. So I am guessing you are looking at about $2500 a ticket or $250 a game (8 regular season/ 2 preseason). I think a lower deck ticket for Clemson is going to cost about $1500 per ticket next season, or about $210 a game. I dont think that is sustainable. So I am guessing our football season is going to get longer. My guess within 2 maybe 3 years. We will be adding 2 games to the regular season.

In preparation for this, I have applied for a part time job. I have a follow up interview this evening. Hope it goes well. I need to start making some extra money and not be poor so I can afford these tickets. Lord knows you cant resale them for the prices they are going to cost.

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How will revenue sharing operate in college

Good question. I have zero idea how it will work.