To: Bill who wrote (79336) | 5/21/2024 12:21:49 AM | From: Jeffrey S. Mitchell | | | You have to look at the Knicks as part of a larger sports package-- that includes the Mets (baseball), Jets (football), and Islanders (hockey). These four Queens/Long Island fan favorite teams have combined for a breathtaking number of championships over the last 38 years. In fact, if I divide this number into 38, I can't even define what that answer is.
- Jeff
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Jets - 1969 Knicks - 1973 Islanders - 1983 Mets - 1986 |
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To: Jeffrey S. Mitchell who wrote (79337) | 5/21/2024 7:31:09 AM | From: Jeffrey S. Mitchell | | | The NCAA’s settlement chase
| A single lawsuit — House vs. the NCAA — could soon become a household name (excuse the pun). At stake is the entire college sports revenue model. We have plenty of time to sort through this, but I want to highlight a few quick things as this plays out:
- The plaintiffs, including former Arizona State swimmer Grant House, seek to compensate pre-NIL college athletes who were barred from earning revenue. Imagine the back pay for decades of NIL loss. The scope is impossibly large, and the NCAA possibly stands to lose $20 billion if the suit goes to trial. Thus, administrators are frantically trying to agree on a settlement.
- The current settlement proposal contains two core tenets: $2.7 billion in back-pay damages, plus implementation of a system going forward in which about $20 million can be distributed from power conferences directly to athletes. In other words, a radical rewrite of the past century-plus of college athletics.
- Immediate impact: This would further separate college football from the rest of college athletics, and more so separate the richest football programs from mid-majors. How? The bigger TV deals enjoyed by the SEC, Big Ten and others would mean bigger payouts for athletes. Rich get richer, etc.
The NCAA and power conferences are expected to vote on the settlement this week. The ramifications of this are staggeringly deep. Make sure to read our thorough report on everything from timelines to payouts and more.
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