After a sharp 30-minute presentation Thursday on the Big 12’s strategy and priorities, commissioner Brett Yormark opened the floor to questions from the board — the Arizona Board of Regents.
But this much was clear: Every path to success will require a significant financial commitment by Arizona and ASU — by their athletic directors, their presidents, their donors and their governing board.We must continue to invest in college athletics. — Roughly $20 million for a revenue-sharing agreement with the athletes. The revenue-sharing amount likely will increase over time because it’s hooked to the total revenue generated by athletic departments. And those revenues will rise thanks to escalator clauses in TV deals and the expanded College Football Playoff.The Wildcats reported a slight operating surplus in the 2023 fiscal year but needed $44 million in university support to make the math work.
Will the courts force schools to divide the revenue-sharing amount equally between male and female athletes? How much can go to football and men’s basketball players? Will schools have to eliminate sports to offset the increased expenses? “We have a responsibility to compete at the highest level,” Arizona athletic director Desiree Reed-Francois told the regents.
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