INDIANAPOLIS (AP) — The NCAA will begin distributing some revenue to member schools for the academic achievement of its athletes, starting in 2019-20.
The NCAA announced Thursday that the Division I Board of Directors and NCAA Board of Governors approved the change to the revenue distribution model. The money will come from the NCAA's multimedia rights deal for the men's basketball tournament.
The NCAA agreed to an eight-year extension of its deal with CBS and Turner earlier this year. The contract now runs through 2032 and pays the NCAA about $1.1 billion per year, an increase of about $330 million annually. The NCAA says for the first six years of the new distribution, 75 percent of the increase in rights fees will be used to pay schools based on the academic performance of their teams.
The NCAA announced Thursday that the Division I Board of Directors and NCAA Board of Governors approved the change to the revenue distribution model. The money will come from the NCAA's multimedia rights deal for the men's basketball tournament.
The NCAA agreed to an eight-year extension of its deal with CBS and Turner earlier this year. The contract now runs through 2032 and pays the NCAA about $1.1 billion per year, an increase of about $330 million annually. The NCAA says for the first six years of the new distribution, 75 percent of the increase in rights fees will be used to pay schools based on the academic performance of their teams.
