UD preparing for new era in which schools pay athletes directly

Jun. 3—Nine years ago, near the end of his tenure as Dayton Flyers athletic director, Tim Wabler talked about the cost-of-attendance stipend athletes across the NCAA would soon receive and the signal that sent about the future of college sports.

“There are a number of court cases out there that could impact the NCAA and the institutions and the student athletes,” Wabler said. “There’s a sea change potentially coming over the next two to five years. We ll see how it all plays out.”

Wabler made that comment just before he announced his retirement in July 2015. Neil Sullivan took over as AD that September.

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Just as Wabler predicted, change has come to the NCAA — slowly but surely and then quickly. Everyone’s still waiting to see how it all plays out, and it may take many more years to assess the impact of the changes.

The biggest change — schools paying athletes directly for participating in sports — is coming soon. On May 23, the NCAA and the five biggest conferences agreed to pay $2.77 billion to settle antitrust claims. Had the NCAA not settled, NCAA President Charlie Baker told member schools the NCAA could have been hit with a $9 billion judgment that would have been “financially devastating and unsustainable.”

While the settlement still has to be approved by a federal judge, it means more than 14,000 current and former athletes will earn a share of the settlement. The money will be paid over a 10-year period.

For former…

Source link : https://sports.yahoo.com/ud-preparing-era-schools-pay-141300084.html

Author : Dayton Daily News, Ohio

Publish date : 2024-06-03 14:13:00

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