Time: 2024-07-11
How the Gophers plan to distribute NIL payments and revenue sharing for athletes was a hot topic for athletics director Mark Coyle on Wednesday during his annual presentation to the University Board of Regents.
The NC and power conference leaders agreed to a .8 billion settlement in May to pay current and former athletes . Those payments for missed NIL opportunities and a new revenue sharing model are expected to start in the 2025 - 26 school year , according to the Gophers ' budget presentation.
"There 's no doubt there 's going to be some financial pressures as we try to navigate the new chapter of college athletics , " Coyle said on a video call to the regents . " We 'll have to take a hard look at all of our sports and what we provide our student athletes . "
Coyle told the Star Tribune last month that about 1 million is needed in the U 's annual budget to pay athletes . On Wednesday , he noted the Big Ten 's TV deal and increased revenue from the expanded College Football Playoff , which can help alleviate some of cost.
For Olympic sports , the Gophers are likely to focus on more regional nonconference traveling . They 'll slow down on new facilities projects , Coyle said . He spoke previously about possible scholarship reduction.
"I think you can see in our Olympic sports , for example , some of the experiences our student athletes have might look different , " Coyle said Wednesday . " All programs are trying to figure out how to manage the back payments for the House settlement and how to determine the revenue share model moving forward . "
In 2020 , the U eliminated men 's gymnastics , men 's tennis , and men 's indoor track and field to save money and for Title IX compliance . Coyle was asked Wednesday by U regent Mary Turner specifically about anticipating more sports cuts.
"As a regent , it would be nice to be prepared for something like that , " Turner said . " Because we do have to deal with the fallout . "
In response , Coyle said : " As we face these new challenges , ideally when you look at our 22 sports programs , we need to focus on what we provide our student athletes . I think it 's going to look different . "
The Gophers ' anticipated balanced budget for 2023 - 24 is 35 million , which ranked 10th out of 14 Big Ten teams . The Gophers ' projected budget for 2024 - 25 is 50 million , which is expected to rank 14th out of 18 Big Ten teams ( after expansion ) . The Gophers ranked 40th nationally in the Learfield Directors ' Cup , which measures athletic success across the department . Overall , there are financial pressures as the university tries to navigate the changes in college athletics , but Coyle remains optimistic about managing the budget and providing for student - athletes.
The new chapter of college athletics brings about challenges and opportunities for the Gophers . Coyle emphasized the importance of focusing on what is provided to student - athletes and adapting to the evolving landscape of collegiate sports . The upcoming changes in NIL payments and revenue sharing will impact how sports programs are managed and what resources are available to support athletes . As the Gophers prepare for the future , they are looking at various strategies to ensure the sustainability of their athletic programs while meeting the needs of their student - athletes.
In conclusion , the discussions around NIL payments and revenue sharing highlight the evolving nature of college athletics and the need for universities to adapt to these changes . While there are financial pressures and challenges ahead , the Gophers are committed to managing their budget effectively and providing a positive experience for their student - athletes . As they navigate the new landscape of collegiate sports , they will continue to prioritize the well - being and development of their athletes while striving for success both on and off the field.
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