In a story to come out today in Houston Chronicle ( Joseph Duarte) the University of Houston will budget aprox 18 mil ( capped at 20 mil) for revenue sharing to Collegiate Athletes. A Federal Judge is expected to give final approval in early April. Revenue sharing ( Schools allowed to pay players) is expected to start on July 1st.
Long story, will try add little more in separate posts.
Minor leagues
Well, $18-$20M is probably the correct number since UH does not have as many sports to spread the money around as other schools do.
This is another reason for not adding new sports.
Per AD Nunez the majority will go to Football & Men’s Basketball. Currently around 68%- Football & 23%- 25% for M. Basketball. The rest to Olympic Sports, women’s basketball etc. Most School models are expected to pay 75% Football & 15% Basketball n the rest to…
AD Nunez & UH Admin are still working on details but currently the plan is go w these $$$ n proportions.
The initial base model was starting in 6-8 mil range to full participation according to AD Nunez. Ok, thk i shared enough n hopefully it was ok to share from a paywall article.
Can we keep to the subject pls.
Should be capped at 20 mil Ron. Based on what I had read previously n staying consistent w story that JD is putting out.
Edit: n before the posts come out with " well JD doesn’t know" , all the $$ amts are coming from AD Nunez in his comments, not JD. Figured i would save the usual suspects some time.
Oh, so it’s capped for all schools at $20M. Well that’s good.
Yes, and NOOOO Cheating. You can name the Schools at your leisure
Edit: still needs final approval before Federal Judge, but that is expected to be formality. We shall see.
Damn… Stop hogging your own thread el o el.
I’m providing info. What i like to do.
Glad you got out of COOGFANS Jail… Good luck
https://x.com/Joseph_Duarte/status/1877365902095593736?t=dSCWjKAWiGzIW2j3xN6-iA&s=19
And he just released the Article on X.
Paywall of course as most people don’t work for free.
The ethical dilemma is pretty clear when the athletic department is heavily subsidized by student fees. Should students pay professional athletes their salary?
None of us like to say it, but we also lack revenue. Iowa state had 405,000 fans attend a game this year. If the average seat cost $50 they made $20,250,000 have football seat revenue. Obviously student and general seats have variable costs, but we don’t have revenue like that. We also then miss the revenue on concessions and everything else.
If we, as fans, did better at attending sports I think our athletic department would have that couple extra million.
Edit: if we don’t have other sports, having a couple extra million for football would be awesome.
Edit 2: I didn’t realize the max was $20 mil. I thought it was $22 million. Ignore my post. I’m an idiot
I thought I saw $22 million somewhere. If it is $20 million, ignore my post above.
No biggie. Article says 20 mil cap, but in ball park w either amt. I can go read again be sure.
Edit: haha… neither is right. Article states 20.5 mil is max allowed per School.
Damn… You already provide enough. Let other members chip in on the subject. Lol
I know this is a broken record on this site and others, but UH, and most other schools, are going to need to find new sources of revenue to compete with top schools. I am still hopeful that in the city the size of Houston, UH can forge some corporate relationships that generate more revenue for the program.
Everything is a lot easier when you are winning.
All good MRCoog. My my posts are directly from article, not my personal opinions.
#GoCoogs
A month ago OU’s AD said, “We are prepared to share the maximum allowable revenues with our athletes. Under the settlement, this means a baseline total of approximately $20.5 million in additional, annual costs for OU Athletics.” We thank the many Texas students at OU for their support of Oklahoma.
This 20.5m cap could be a huge boon to programs without football. Looking at you Big East
If UConn spends most of this on BB, no school with a football program will be able to compete