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The opening was as big as West Texas. And when a tight group of Texas Tech power brokers saw it last summer, their football and financial instincts kicked in as they ran to daylight.
Included in what turned out to be a football summit like no other was Gary Petersen, founder of EnCap Investments, Cody Campbell, a board of regents member, and his partner in Double Eagle Energy Holdings, John Sellers. Eventually, football coach Joey McGuire and his No. 2, general manager James Blanchard, were folded in. Throw in a couple of attorneys and you’ve got yourself the hatching of an idea to remake a world.
Or at least a world as it extended to the imaginations of these Red Raider dreamers.
“Let’s break down the House [v. NCAA] settlement,” Campbell said at the time. “What do we think is going to happen?”
What was going to happen was a bit of mayhem and opportunity for a football program that last won an outright conference championship 70 years ago.
What has occurred since that meeting is a study in American capitalism and Texas Tech opportunism. Beginning July 1 when the $20.5 million House v. NCAA revenue share piece could become available, schools will essentially have to justify paying players anything over $600. A fair market value component has been added to revenue sharing oversight. Those two elements themselves suggest at least some sort of cap on what players can earn.
Until then? That’s what that meeting was about.
NCAA president Charlie Baker hopes for ‘saner’ landscape after House v. NCAA settlement approval
Shehan Jeyarajah
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Source link : https://www.cbssports.com/college-football/news/armed-with-ambition-resources-and-patrick-mahomes-texas-tech-forges-ahead-well-equipped-to-thrive-in-new-era/
Author : Dennis Dodd
Publish date : 2025-03-27 14:08:00
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