The latest from Ross Dellenger of Yahoo Sports:
WASHINGTON — A committee of power conference administrators took significant steps this week toward the creation of a new entity that will govern the evolving professionalized aspects of college sports, a milestone moment in the industry’s history.
During a two-day summit in the nation’s capital, a “transition team,” charged with operationalizing concepts of the House settlement, inched closer to establishing a new structure to oversee, manage and enforce the settlement-related athlete compensation system for all of NCAA Division I. The newly created LLC, overseen by a CEO or executive director, is centered around a new enforcement arm to police violators of the industry’s new salary cap and is expected to feature revenue-sharing policies and a corresponding penalty structure for violators.
Multiple sources with knowledge of the meetings and issues spoke to Yahoo Sports under condition of anonymity.
This new entity dovetails with a proposal introduced last month from the power conferences that grants them more autonomy powers and creates a new division or subdivision within the NCAA. It stands as another shift in the transformation of major college athletics as the NCAA deregulates itself and cedes more authority to the power leagues after court rulings topple its long-standing amateurism rules.
Full story here:
sports.yahoo.com
WASHINGTON — A committee of power conference administrators took significant steps this week toward the creation of a new entity that will govern the evolving professionalized aspects of college sports, a milestone moment in the industry’s history.
During a two-day summit in the nation’s capital, a “transition team,” charged with operationalizing concepts of the House settlement, inched closer to establishing a new structure to oversee, manage and enforce the settlement-related athlete compensation system for all of NCAA Division I. The newly created LLC, overseen by a CEO or executive director, is centered around a new enforcement arm to police violators of the industry’s new salary cap and is expected to feature revenue-sharing policies and a corresponding penalty structure for violators.
Multiple sources with knowledge of the meetings and issues spoke to Yahoo Sports under condition of anonymity.
This new entity dovetails with a proposal introduced last month from the power conferences that grants them more autonomy powers and creates a new division or subdivision within the NCAA. It stands as another shift in the transformation of major college athletics as the NCAA deregulates itself and cedes more authority to the power leagues after court rulings topple its long-standing amateurism rules.
Full story here:
Monumental shift: Power conferences, not NCAA, to control policing athlete compensation
A committee of power conference administrators took significant steps this week toward the creation of a new entity that will govern the evolving professionalized aspects of college sports.
sports.yahoo.com
