By Humberto Viera
May 24, 2024, 2:24 PM EDT
In an unprecedented event in the history of American college sports, the National Collegiate Athletic Association of the United States (NCAA) signed an agreement with five of the most powerful conferences in the country to allow schools to pay their athletes.
The pact, valued at more than $2.7 billion, marks a radical shift in the traditional model of college sports, where athletes did not receive financial compensation for their participation.
The NCAA will allocate more than $2.7 billion over 10 years to compensate athletes who, for decades, were not fairly compensated for their participation in college sports.
“The agreement is an important step in the continued reform of college sports that will provide benefits to student-athletes and provide clarity in college athletics across all divisions for years to come,” NCAA President Charlie said Thursday. Baker, in statements collected by EFE.
On the other hand, schools will have the possibility of sharing up to $20 million dollars annually with their athletes. This revenue sharing plan is based on a “revenue generation” model that takes into account factors such as match attendance, television rights and merchandising sales.
The agreement has been received with great enthusiasm by the athletes, who will finally see their effort and dedication rewarded. This change is expected to have a positive impact on the quality of life of student-athletes, providing them with greater financial security and allowing them to better focus on their studies and athletic performance.
However, the agreement has also generated some criticism. Some experts say it could exacerbate existing inequalities between different schools, as wealthier institutions will be better able to pay their athletes and attract top talent.
Despite these criticisms, the agreement represents an important step toward a more fair and equitable model in American college sports. It is a milestone that will undoubtedly have a significant impact on the future of college sports in the country.
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