Federal Legislation on University Sports $$$$$$ Profit Sharing - Status Report...2B or not 2B. That is the question.
I did not know which topic thread to place this.
"The Protect College Sports Act advanced out of the Senate Commerce Committee on a 19-9 vote last month that pulled in seven Democrats. It was a hopeful moment for advocates of the Senate’s yearslong legislative push to regulate college athletics after the 2021 landmark Supreme Court decision that ultimately led to the NCAA allowing college athletes to profit off of their name, image and likeness.
"...the Big Ten and the SEC, which stand to lose the competitive edge their member schools reap from lucrative TV contracts, worry it would force them to share revenue with rival conferences — and they’re not the only ones taking issue..." Politico*
If I read and understand correctly the below linked article, seems the Big Ten and SEC want to maintain the right to between them agree how to share post-season tournament revenues. But, that is not all. Other conferences and universities say...what?
Senators seemed to agree to put certain clauses in the proposed legislation. Then the latest draft of the proposed legislation does not have the changes.
"The Commerce panel has made some concessions to the conferences, including clarifying that schools can’t face litigation for declining to participate in media pooling, according to three people granted anonymity to describe private talks." *
So, really, what does that do? A free for all again?
There seems to be a push to get this done in weeks. But who the hell knows what will become of it if powers that be in Alabama and Indiana (heh) don't support the changes.
The Senate Majority Leader says that he will bring this legislation to the floor if it seems to have 60 votes.
As always, whomever gets the last chance to change it...voila! By the way, legislators claim no lobbyists are talking to them. Yeah, right.
* Inside the lobbying fight threatening Congress’ college sports overhaul - POLITICO