A new era of collegiate athletics, including revenue sharing and roster limits, was ushered in on Friday when federal judge Claudia Wilkin authorized the historic House v. NCAA settlement lawsuit at the last minute.
A committee that would oversee NIL accords to end pay-for-play in college athletics will now have to review any agreements signed by athletes totaling $600 or more, in addition to revenue sharing and roster restrictions.
The funding for athletic departments will be efficiently increased through revenue sharing as well. Programs will now be able to divide $20.5 million among their athletic departments. Although football will most likely receive the largest portion, the precise distribution of the funds has not yet been decided.
Greg Byrne and Alabama Athletics weren’t afraid of this day like other sports teams were. Byrne announced in a statement on Saturday that Alabama will pay the entire $20.5 million this year for UA Athletics’ new revenue-sharing arrangement.
“Alabama athletics has been planning for this day and making decisions that best position our department for long-term success,” Byrne stated.
Additionally, he expressed his support for the housing settlement, saying it provides much-needed stability to the constantly shifting world of collegiate athletics.
“We’re extremely proud of the world-class resources our student-athletes receive and will now add to that by offering new scholarships while fully funding revenue sharing,” Byrne said.
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