NFL News NFL News, Reports and Updates
CLEMSON — Clemson football coach Dabo Swinney will embrace revenue sharing when it arrives in college sports.
The proposed settlement of three antitrust cases regarding the compensation of college athletes was approved in May by the NCAA, the Power Five conferences and lawyers for the plaintiffs. This means schools can pay their athletes directly, rather than players getting compensated through NIL deals and collectives.
Swinney said Tuesday this change will be massive for Clemson in recruiting.
“You can’t share the money that you have right now. You got to go raise the money, and so that’s hard,” Swinney said. “So, it’s going to be a way better situation, for sure, and create more clarity for everybody because everybody’s got the same amount of rev share. So, it’s going to be a real positive for us because, again, we have the money, so we’ll be able to legally share it.”
Revenue sharing could go into effect as early as July 2025. Yet, the details aren’t known yet because they depend on the settlement of the House v. NCAA federal antitrust case, which is still amid negotiations.
Schools are expected to have the option of funding up to 22% of their annual revenue, or about $22 million, to pay athletes. It could work like a salary cap for college sports, but that structure is still up in the air.
Swinney believes the change will allow Clemson to compete with the top schools in recruiting. It would be a better alternate than solely relying on raising money through its NIL collective, 110 Society.
“You have to use it for recruiting purposes,” Swinney said. “… If you don’t use it, you’re going to be in trouble. It’s basically a part of the scholarship. Now, how you divide it up can change year to year based on your team.”
MORE: Does Clemson have best college sports tradition? Vote now!
Dabo Swinney gives Peter Woods,…
Source link : https://sports.yahoo.com/clemson-football-coach-dabo-swinney-183312350.html
Author : Greenville News
Publish date : 2024-09-24 18:33:12
Copyright for syndicated content belongs to the linked Source.
