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A demand of Pac-12 group is to be distributed 50% of revenue in each respective sport
So let's play this out
Let's say Pac-12 FB generated $300,000,000 of revenue.
So, they want $150,000,000 of that revenue split between the 1500 players in Pac-12
That's $100,000 per player
So let's play this out
Let's say Pac-12 FB generated $300,000,000 of revenue.
So, they want $150,000,000 of that revenue split between the 1500 players in Pac-12
That's $100,000 per player
So each Pac-12 Football player gets $100,000 which is now taxable. (32% Tax rate)
So each player gets $68,000 after taxes .
Let's say average cost of attendance at Pac-12 school is about $20,000. (Stanford is $70K)
We are down to $48,000 after taxes.
So each player gets $68,000 after taxes .
Let's say average cost of attendance at Pac-12 school is about $20,000. (Stanford is $70K)
We are down to $48,000 after taxes.
So we've got $48,000.
Time to pay rent
9 months at Avg of $1000/month ($9,000)
We are down to $39,000.
Got to eat as well, especially as a CFB player.
You go from unlimited food to a meal plan
That's around $5000.
Insurance? Another $2000
Down to $32,000....still not bad
Time to pay rent
9 months at Avg of $1000/month ($9,000)
We are down to $39,000.
Got to eat as well, especially as a CFB player.
You go from unlimited food to a meal plan
That's around $5000.
Insurance? Another $2000
Down to $32,000....still not bad
So $32,000 isn't terrible for a 18 year old.
Parents want to come to game?
Cool. Here's a link to purchase tickets for them
Need some gear other than the standard issued gear? Here's a discount code
Need a tutor for class? You get a price break!
But still prob $25,000 for FB
Parents want to come to game?
Cool. Here's a link to purchase tickets for them
Need some gear other than the standard issued gear? Here's a discount code
Need a tutor for class? You get a price break!
But still prob $25,000 for FB
So FB gets the biggest piece of the pie.
What happens to the other sports?
Pac-12 averages about 25 sports teams they field.
23 of them don't make money, CFB + basketball currently funds them
Since that revenue is now split, do you cut them?
Likely.
It's already happening
What happens to the other sports?
Pac-12 averages about 25 sports teams they field.
23 of them don't make money, CFB + basketball currently funds them
Since that revenue is now split, do you cut them?
Likely.
It's already happening
Perhaps there is middle ground, perhaps if Power 5 decides to break from NCAA one day there is a model it could work like this.
Regardless, the Pac-12 group has at least started more conversations about the topic
Talking about it can't hurt. Just doesn't mean an easy solution
Regardless, the Pac-12 group has at least started more conversations about the topic
Talking about it can't hurt. Just doesn't mean an easy solution
