Bill Superman said:
And the NCAA makes a settlement and allows schools to pay directly. This is officially the minor leagues. There is a $20 mil cap though, so who's going to be shoring up the money year in year out. This might only bring back the bagmen once the cap space hits too soon. It's almost just like it used to be…
Why do people keep talking about this? Due to Title IX, the individual schools will NEVER pay athletes anything akin to the kind of $$$ available from the independent NIL funds. Title IX institution payments would have to be the same for womens swimming as for D1 football recruits. This means those University payments might look like a stipends or monthly allowances.
However, the "move the needle $$$" will always have to come from outside institutions (with powerfully rich alumni) who can be laser focused on funneling funds for high profile athletes instead of spreading it out over hundreds of no-name non-revenue athletes.
Will those school funds trickle into some sort of cash stipend for all university athletes? Probably some amount...but they will be relatively small and won't be decisive factors in recruiting 5 star athletes in Football, basketball or baseball.