Michigan To Spend 50 Million per year on NIL

[Baseball25]

Per year on NIL starting next year.

 

[Vol737]

Some more detail:

Warde Manuel says Michigan facing $50M in new athletics costs

Michigan athletic director Warde Manuel says Michigan is committed to revenue share, NIL, and keeping all sports.

michigan.rivals.com

 

[Boston Vol]

Not really NIL

“The combination of revenue share and scholarship expansion equates to roughly a $50M budget expansion, according to Manuel.”

 

[Dadof2Vols]

Not really NIL

“The combination of revenue share and scholarship expansion equates to roughly a $50M budget expansion, according to Manuel.”

details, details.

close enough to NIL

 

[CAVPUT]

Per year on NIL starting next year.

 

[VOLLeeann]

Not really NIL

“The combination of revenue share and scholarship expansion equates to roughly a $50M budget expansion, according to Manuel.”

I don't believe anyone named Manuel. Sorry.

 

[ArmchairQB]

So $29M of the $50M is for expanded scholarship offerings for student athletes in all programs. That’s largely the university paying itself, unless they’re offering scholarships larger than tuition board and fees, so the students can “buy books” or something.

 

[BigOrangeTrain]

This is what a team and program that’s serious about winning looks like.

 

[LouderVol]

This is what a team and program that’s serious about winning looks like.

not really. its what good marketing of the situation can do.

every school is going to HAVE to spend about that much. they are just the first to claim such, and hide the fact that scholarship payments and revenue sharing aren't really something new. but because they are the first ones to publicize it they get to control the narrative.

 

[Advol]

A Drop In the Bucket...................get over it

 

[VolPack22]

Ohio State will come out and say they are dedicating $100M per year.

 

[Voltopia]

Ha. Like Lucy with the football. It was 20 million this year. 50 million next year. Or maybe just 30. Maybe 35. Who knows. But it will continue to escalate. It was obvious ten years ago what making the sport entirely about money would do. Here it is. And people wanted it this way. So pay up. And budget yearly, because it will only go up.

 

[VolPack22]

The NFL brought in roughly $20B (or $625M per team) in 2022-23 and has a $255M salary cap for each team for 2024. So each team’s cap is set at roughly 41% of the total revenue.

$50M for a high revenue college football program is not that far off. Michigan football brought in $143M in revenue in 2023, so 41% of that is roughly $59M.

 

[Dadof2Vols]

Well this just got blew up.

Dept. of Education: Title IX applies to athlete pay

The direct payment plans that many major college athletic departments are making for athletes would violate Title IX law, according to a Department of Education memo.

www.espn.com

 

[Gandalf]

Well this just got blew up.

Dept. of Education: Title IX applies to athlete pay

The direct payment plans that many major college athletic departments are making for athletes would violate Title IX law, according to a Department of Education memo.

www.espn.com

Hahaha. Girls underwater curling with 20 fans now need to get paid as much as a Heisman winner because like equity and all ammarite?!!!

 

[Orange.]

So $29M of the $50M is for expanded scholarship offerings for student athletes in all programs. That’s largely the university paying itself, unless they’re offering scholarships larger than tuition board and fees, so the students can “buy books” or something.

Nike is involved. Nike pumps money into Oregon, Meatchicken, an Ohio State University, and Bama.

 

[Orange.]

Ohio State will come out and say they are dedicating $100M per year.

Nike is involved.