I cannot help but think we face something similar with NIL.
Per Chronicle
For a University of Houston athletic department already feeling the financial squeeze, it could get even tighter.
With UH still two years from a full share of Big 12 revenue, its expenses continue to rise, and now comes the real possibility for close to $25 million annually added to the books as part of a revenue sharing plan for players.
The cost of doing business at the top tier of college athletics is not cheap.
Our biggest challenge right now, honestly, is money," UH athletic director Chris Pezman said at the Big 12 meetings in Scottsdale, Ariz., in early May. "We're trying to catch up to a lot of other schools that have had greater resources for decades. I would tell you right now we've got a pretty big hole to fill.
And it's only going to get tougher.
The NCAA Division I Board of Directors voted Tuesday to move forward on a proposed $2.77 billion settlement of the House vs. NCAA case, a class-action lawsuit that seeks back pay for college athletes denied NIL compensation dating to 2016.
This comes at a time UH is already feeling the pinch as one of the most subsidized athletic departments in the nation (71% of 2023 revenue came from direct institutional support and student fees) and paying a $14.8 million buyout owed to former football coach Dana Holgorsen. Holgorsen, who was fired in November with four years left on his contract, is owed $300,000 in monthly payments through 2027.
Per Chronicle
For a University of Houston athletic department already feeling the financial squeeze, it could get even tighter.
With UH still two years from a full share of Big 12 revenue, its expenses continue to rise, and now comes the real possibility for close to $25 million annually added to the books as part of a revenue sharing plan for players.
The cost of doing business at the top tier of college athletics is not cheap.
Our biggest challenge right now, honestly, is money," UH athletic director Chris Pezman said at the Big 12 meetings in Scottsdale, Ariz., in early May. "We're trying to catch up to a lot of other schools that have had greater resources for decades. I would tell you right now we've got a pretty big hole to fill.
And it's only going to get tougher.
The NCAA Division I Board of Directors voted Tuesday to move forward on a proposed $2.77 billion settlement of the House vs. NCAA case, a class-action lawsuit that seeks back pay for college athletes denied NIL compensation dating to 2016.
This comes at a time UH is already feeling the pinch as one of the most subsidized athletic departments in the nation (71% of 2023 revenue came from direct institutional support and student fees) and paying a $14.8 million buyout owed to former football coach Dana Holgorsen. Holgorsen, who was fired in November with four years left on his contract, is owed $300,000 in monthly payments through 2027.