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Post by midwestsader05 on May 23, 2024 19:28:16 GMT -5
Figured this probably deserves its own thread. www.espn.com/college-sports/story/_/id/40206364/ncaa-power-conferences-agree-allow-schools-pay-playersIt’s official. Power 5 will move to a revenue sharing model with a 20M dollar annual cap per school. Private capital will likely be needed for some of the bridge financing. Preferably debt and not equity. Chip Kelly’s solution was prophetic that rev sharing whereby large schools that generate a ton of earnings should and will effectively buy out the NIL rights of their players. NIL collectives at G5 and FCS (teams whose programs don’t generate much in earnings or operate at losses) will likely still play a role for those respective schools.
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Post by midwestsader05 on May 23, 2024 21:45:53 GMT -5
apple.news/AknDP6ZyeRGGqSrrEYZdQ1gExtremely detailed article by the Washington Post that will likely answer many of the questions regarding what happens next and how this could be implemented.
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Post by midwestsader05 on May 24, 2024 8:14:31 GMT -5
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Post by hc6774 on May 24, 2024 9:59:39 GMT -5
This is far from a 'done deal'. It is a proposal to stake holders that address most of the key issues... except title 9
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Post by midwestsader05 on May 24, 2024 10:42:49 GMT -5
Many of the finer details still to be worked out over next 6-8 months but bigger picture trends (P5 moving to rev share) looks increasingly likely. But yes, surprises can happen with this many stakeholders and via the courts.
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Post by efg72 on May 24, 2024 18:44:14 GMT -5
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Post by efg72 on May 24, 2024 18:45:31 GMT -5
Lets win where we are for the next 2-3 years and let this play out
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Post by trimster on May 26, 2024 10:29:48 GMT -5
Do you think there were many people prescient enough to see all of the coming? Do I have this right; schools have to pay players and boosters can pay them as well thru NIL.
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Post by sader1970 on May 26, 2024 12:16:46 GMT -5
I suppose if I had a kid who was a superior athlete that I would think this whole thing was better than sliced bread. Having none and just a spectator and donor to Holy Cross and a few other academic institutions and lots of charities, I cannot adequately express how offputting this entire topic is to me. The only explanation for me even scanning this thread is because human nature draws people to rubber neck and watch accidents on the side of the road. You really don't want to but your eyes tell you have to.
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Post by longsuffering on May 26, 2024 14:07:12 GMT -5
Equilibrium will be reached. Future HC teams will be similar to past HC teams. The sky will not fall.
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Post by KY Crusader 75 on May 29, 2024 13:41:29 GMT -5
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Post by sader1970 on May 29, 2024 15:46:14 GMT -5
Too bad he doesn't realize that Holy Cross has traditionally been a great place to prepare for medical school.
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Post by Pakachoag Phreek on Jun 7, 2024 12:10:12 GMT -5
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Post by efg72 on Jun 13, 2024 17:25:31 GMT -5
House Panel Advances Bill to Ban Student Athlete Employee Status Bill would likely end athlete unionization campaign Employment question lingering in agencies, courts By Lilah Burke and Parker Purifoy / June 13, 2024 04:16PM ET / Bloomberg Law Legislation that would bar student athletes from being considered employees by virtue of their participation in college sports advanced in a House committee.
The House Education and the Workforce Committee voted 23-16 along party lines Thursday to advance the Protecting Student Athletes’ Economic Freedom Act (H.R. 8534).
The bill, introduced last month by Health, Employment, Labor, and Pensions Subcommittee Chair Bob Good (R-Va.), would establish that college athletes may not be considered employees of an institution, conference, or association under any regulation as well as any federal or state law.
When introducing the legislation, Good said it was an attempt to “maintain a balance between athletics and academics” and to ensure that college sports “remain viable, beneficial, and enjoyable for all student athletes.”
During Thursday’s markup, Good pointed to recent gains for student athletes, including the right to profit off their name, image, and likeness and the flexibility to transfer and retain eligibility to play.
“While employment status might initially sound like the way to get more benefits, I sincerely believe student athletes don’t want the consequences of union dues, employment contracts, awkward relationships with coaches, and the inability to be regular students,” Good said.
Several unions and nonprofits submitted letters opposing the bill, including the AFL-CIO, the National College Players Association, and the Service Employees International Union.
SEIU said in its letter that the bill was “grossly over-broad, clumsily constructed, and fails to take into account that our legal system has developed various tests in statute, regulation, and common law under myriad federal and state legal regimes to determine employee status.”
“Instead of clarifying employment laws, this legislation uses a sledgehammer to demolish the legal rights of the players it purports to protect – with a ‘solution’ that leaves players completely unprotected,” the union said.
Ongoing Litigation
The measure is aimed at a burgeoning unionization campaign among student athletes that began with Dartmouth College basketball players voting to join a union in March—a move the Ivy League institution is challenging.
A National Labor Relations Board judge is also contemplating whether players at the University of Southern California are employed by the university, the Pac-12 Conference, and the NCAA.
Separately, a case regarding whether student athletes should be considered employees under the Fair Labor Standards Act for minimum wage and overtime purposes currently is awaiting a decision in federal appeals court.
The House committee action also follows the NCAA and Power Five conferences agreeing to pay $2.75 billion in damages to college athletes to resolve three pending antitrust lawsuits. The agreement includes a framework for revenue sharing between universities and the athletes, but doesn’t go as far as to call them employees.
Employment status for college athletes would open several new legal questions, such as whether tuition benefits would become taxable, whether athletes could be “fired” from their institutions, and whether athletes would be covered by workplace safety and employment discrimination laws.
Republicans have called the classification of college athletes as employees an “existential threat” to university athletics. Yet despite being pro-union, Democrats have struggledto balance their support for workers with consideration for the total transformation in sports that would occur if student athletes won employment status.
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Post by Chu Chu on Jun 14, 2024 12:00:42 GMT -5
Ugh!
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Post by Pakachoag Phreek on Jun 16, 2024 6:00:28 GMT -5
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Post by trimster on Jun 16, 2024 7:59:25 GMT -5
I suppose if I had a kid who was a superior athlete that I would think this whole thing was better than sliced bread. Having none and just a spectator and donor to Holy Cross and a few other academic institutions and lots of charities, I cannot adequately express how offputting this entire topic is to me. The only explanation for me even scanning this thread is because human nature draws people to rubber neck and watch accidents on the side of the road. You really don't want to but your eyes tell you have to. We have entered the age of football and basketball mercenaries at the NCAA level. I never thought I’d say this but I am somewhat glad HC is in the Patriot League. Some people say Tesla sells batteries surrounded by an automobile. It seems to me some of the colleges at the P5 level have become athletic programs surrounded by an academic institution.
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Post by td128 on Jun 16, 2024 8:50:15 GMT -5
I am with efg72 re further discussions on this topic. I do welcome stating that I am a donor to and support my friends leading 1843.
Big picture, given these market developments in the world of what I guess we still call college athletics, I am HUGELY bullish on the future of HCFB under HCDC and HC MBB under HCDP and the leadership of ADKH.
If these programs were publicly traded so to speak, I’d have a max long position.
LET’S WIN !! ✝️🏈💜🏀✝️
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Post by matunuck on Jun 16, 2024 12:17:35 GMT -5
And student-athlete employees would be subject to federal/state labor laws (not just a school’s code of conduct) regarding workplace behavior and, by the way, employees can be fired for underperforming. Welcome to the real world.
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Post by sader1970 on Jun 16, 2024 12:50:18 GMT -5
Might be a case for watching what you wish for!
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Post by Crosser on Jun 16, 2024 13:44:28 GMT -5
Does anyone ever think up anything all by themselves?🙂
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Post by longsuffering on Jun 16, 2024 16:30:20 GMT -5
The French Club at Whatsamatta U. just went on strike.🙂 If it is decided that only student athletes playing on teams that charge admission are employees, it might make sense for HC level schools to stop charging admission. If a team has to be profitable to make student athletes employees, HC is protected.
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Post by Pakachoag Phreek on Jun 16, 2024 19:30:38 GMT -5
The French Club at Whatsamatta U. just went on strike.🙂 If it is decided that only student athletes playing on teams that charge admission are employees, it might make sense for HC level schools to stop charging admission. If a team has to be profitable to make student athletes employees, HC is protected. The Dartmouth athletes who brought the lawsuit seeking recognition as employees do not play on teams that generate a profit.
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Post by efg72 on Jun 16, 2024 19:59:30 GMT -5
Eliminate the sport from varsity level offerings
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Post by longsuffering on Jun 16, 2024 20:42:03 GMT -5
Eliminate the sport from varsity level offerings Go all club teams?
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